About the Dominican Republic
The capital of the Dominican Republic is Santo Domingo. This is the very first European city founded on the territory of America, in 1496, by the brother of Christopher Columbus - Bartholomew. The colonial part of the city is recognized by UNESCO as a cultural heritage of humanity.
Construction:The Dominican Republic is being built up very rapidly, this is due to the constant increase in prices and the growing influx of tourism, this applies both to resort areas and large metropolitan cities. There are new grandiose, ultra-modern works of architectural thought, such as Cap Cana, a huge territory, a ridge of rocks on one side and snow-white beaches on the other. The project is aimed at the VIP consumer. However, see for yourself: As well as the directions that can offer you their variety of opportunities:major metropolitan areas such as Santo Domingo and Santiago; resort areas with white beaches and turquoise waters, such as Puerto Plata (Sosua, Cabarete), Punta Cana (Bavaro), Samana and much more.
For those who just want to live in a pleasant warm climate, but are not a fan of the beach, the Dominican Republic offers beautiful mountain regions, often called the Caribbean Alps, where pine trees and ferns grow, and in January and February at night the temperature drops to +8 (Constanza, Jarabacoa). In general, the Dominican Republic has a remarkable feature with its modest size, this country in different parts of the island looks completely different, as if separate states are located in different parts of the world. So that you will not be bored.
In recent years, the Dominican Republic has shown the highest growth rate in Latin America, estimated at 8% per annum, while maintaining one of the lowest levels of inflation.
Even Hollywood has noticed this Caribbean gem. Real estate in the Dominican Republic is owned by Brad Pitt, Vin Diesel, Robert Deniro, Jose Iglesias, Shakira, DONALD TRUMP.
Buying a property is easy. In 1998, a law was passed allowing foreigners to buy property in the Dominican Republic on the same rights as citizens of this country.
Property taxes in the Dominican Republic are negligibly low-1% per year of the declared value.
Tourism, and especially tourism for the purpose of buying real estate, is the fifth most important factor in attracting foreign currency to the Dominican Republic. It was this type of tourism that created a stir around the coastal areas of Spain in the 1970s and 1980s, which used to be the most economically depressed areas of Spain. Today, these places are the most attractive and developed in terms of buying real estate. The Dominican Republic repeats their experience, attracting tourists to the country and creating the image of the Dominican Republic as a state in which investment is safe and reliable.
The Dominicans themselves are by nature very responsive, friendly, cheerful people.