Paisnaturd leads in Europe in real estate tourism sales in the Dominican Rep.
17-04-23
The PaisnatuRD Real Estate Tourism Agency, based in Spain, tops the sales charts of the Dominican Republic's real estate sector in Europe. The company founded by Awilda de Jesús doubles in product the second on the list, with more homes sold, according to recently published sales data.
According to Ms. de Jesús, "we are proud to be the leading real estate sales company in the Dominican Republic, in Europe. Our experience and dedication to providing exceptional service has helped us establish a solid reputation in the industry. At PaisnatuRD we are committed not only to helping our clients find the perfect property that meets their needs and exceeds their expectations, but to creating a solid relationship that lasts over time.
Real estate tourism is a growing trend in the Dominican Republic, with more and more foreigners discovering the beauty and affordability of this Caribbean nation and investing in vacation homes, retirement homes and rental properties for extra income.
With its stunning beaches, lush landscapes, diverse culture, tropical climate and affordable real estate prices, it is an attractive destination for investors and tourists alike.
Foreign investment in Dominican real estate is not uniform. It ranges from wealthy individuals or investors fleeing political and legal insecurity in their countries, to traditional European tourists seeking sun, beach and gastronomy. Thus, Italians (10.87%), Spaniards (9.23%), French (6.44%), Dutch (4.91%), Belgians (4.85%), Germans (4.64%) and Russians (3.25%) continue to be the most active buyers.
This interest on the part of Europeans to invest in property in the Dominican Republic has many causes: infrastructure, economy, fiscal effects, climate, culture, gastronomy and even, more recently, remote working.
As Awilda de Jesús, CEO of PaisnatuRD, points out, "teleworking has been key in changing the configuration of the way of living in housing also as a second home.
Some of the main factors include:
Affordable prices: Compared to other popular investment destinations, such as Europe or the United States, property prices in the Dominican Republic are relatively low. This means that Europeans can purchase a larger property or several properties for a lower cost.
Booming property market: The Dominican Republic has a growing property market, with property values steadily increasing in recent years. This trend is expected to continue, making it an attractive location for real estate investment.
Favourable taxation: The government of the Dominican Republic offers several tax incentives to real estate investors, including exemptions on capital gains tax and real estate tax for the first 15 years of ownership.
Warm climate and natural beauty: The Dominican Republic is known for its warm climate, beautiful beaches and lush tropical landscapes. This can make it an attractive location for Europeans looking for a second home or holiday property.
High rental yields: The country's tourism industry is thriving, and this makes it an ideal location for investors looking to earn high yields from holiday rentals and short-term rentals.
Stable political environment: The country has a stable political environment, making it a safe place to invest in real estate.
Overall, investing in property in the Dominican Republic can offer Europeans the possibility of a high return on investment as well as the opportunity to own a holiday home in a beautiful location.
Some of the most popular areas for property investment in the Dominican Republic are Punta Cana, Cap Cana, La Romana, Samana, Puerto Plata and Santo Domingo. These areas offer a wide range of properties, from luxurious beachfront villas to cosy flats in gated communities. In 2023, real estate projects are being developed in areas with more ecological tourist attractions, with mountains, rivers and waterfalls, such as Jarabacoa.
Many of these properties are also available for short-term rentals, making it easier for tourists to experience the best of the island while exploring the local real estate market.
PaisnatuRD focuses on providing top quality services to clients, helping them to achieve their real estate goals in the Dominican Republic, offering them the investment opportunity that best suits their objectives, always having as a priority the protection of their assets, and is based on the following pillars:
In-depth knowledge of the real estate market in the Dominican Republic.
A solid network of contacts in both countries.
Powerful marketing strategy.
Exceptional customer service, personalised and providing value added services to our clients.
Services are focused not simply on selling a property, but on providing a change of life, peace of mind and quality of life, establishing a solid relationship with the client for a number of reasons such as repeat business, trust and reputation.
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