Dominican Republic Real Estate: General Information
Dominican Republic real estate is a reflection of the country's
unique culture. Varied in location, size and style, there are properties in the
Dominican Republic to suit every buyer's need. The country's extensive shorelines
make waterfront homes widely available. Most properties for sale in the Dominican
Republic are located on the northern, eastern and southeastern coasts, many within
quiet resort and golf communities where owners have access to full amenities. The
country is also easy to reach, with several major airports connected to North American
hubs.
- Transfer tax: 3-4% of the purchase price
- Legal fees: typically 1% of the purchase price
- Properties can be titled under a Dominican corporate name to eliminate transfer
tax and inheritance issues, at a cost of approx. $1,750
- "Contract of Sale" must be signed and notarized with the seller to authenticate
the sale
- Closing takes 30-60 days
- No restrictions on foreign nationals purchasing real estate in the Dominican Republic
- Financing available on-island, though interest rates are high
This material is based upon information which we consider reliable, but because
it has been supplied by third parties, we cannot represent that it is accurate or
complete, and it should not be relied upon as such. These offerings are subject
to errors, omissions, changes, including price, or withdrawal without notice.