The most beautiful land that human eyes have ever seen.
 
                                                  --Christopher Columbus 1492

The second biggest country in the Caribbean, the Dominican Republic holds the first place title for the most frequented Caribbean destination (globenewswire.com). Many who visit come back to stay permanently. Whether looking for an investment property, primary residence, second home, rental property, or rent to own, the Dominican Republic is a home buyer and landlord's paradise. The Dominican Republic is the best place to buy property because of its physical beauty and diversity, cultural richness, and affordability.

Known for its exquisite, secluded beaches with white sands and electric blue waters, the Dominican Republic boasts more than just prime oceanfront landscape. With widely-varied terrain--mountains, rainforests, waterfalls, sand dunes, rivers, and lakes--the Dominican Republic has something for everyone.

The Dominican Republic's cities are just as varied as the landscape. The Dominican Republic has big cities such as historic Santo Domingo with its stunning blend of colonial architecture and modern metropolitanism (godominicanrepublic.com/santo-domingo). It also enjoys quaint towns, such as Las Terrenas, with family-owned restaurants, "candy-colored" (thebusinessyear.com) buildings, "pastel-painted fishing boats" (thebusinessyear.com), and quiet, palm tree-lined beaches. Additionally, there are the numerous magnificent seaside resorts such as Bavaro in Punta Cana and Bayahibe in La Romana, to name a few. There are also small, more private casitas and suites, such as Sublime Samana, Las Terrenas.

Santo Domingo, Dominican Republic
Photo Credit: Pixabay.com

To further add to the Dominican Republic's stunning variety, the relaxed, friendly, and welcoming Dominican people come from a rich heritage of Spanish, Taíno, and African culture. "European, African, and Taíno cultural elements are most prominent in Dominican food, family structure, religion, and music" (afsusa.org). African-rooted Merengue beats and Latin-styled bachata rhythms can often be heard wafting from dance parties onto the streets. Roman Catholicism is the official religion of the Dominican Republic. Most families are tight-knit and multigenerational, with parents being exceedingly protective of their children.

 A large number of French and Italian expatriates also offer a diverse flavor. This is particularly apparent in the cuisine. French bread and croissants and Italian gelatos and espressos (worldpropertyjournal.com), as well as foods from all over the world (propertiesincasa.com), are not uncommon additions to the Dominican Latin menu. For someone moving to the area for the first time, the warm, upbeat vibe and broad range of influences can bring comfort and familiarity.

 When determining what are the best investments when it comes to buying or renting a property, desirability of location is essential, but often even more critical is affordability. Fortunately, the real estate market in the Dominican Republic is incredibly economical. It is a smart choice when it comes to investing in the Caribbean. The Dominican Republic is a home buyer and landlord's paradise because not only does the country have an abundance of beauty and diversity, but it is cheap to buy, rent, and live! 

Photo credit: Kayifi.com4 bedroom/5 bath, 3,552 sq. ft., $380,000.00 USD
https://kayifi.com/en/4-bedroom-residential-property-for-sale-in-dominican-republic

The cost of living in the Dominican Republic is 42.42% lower, and rent is 75.45% lower than in the United States (numbeo.com). As of July 2020, the cost of living per month for a family of four is $1886.18 USD. The cost of living per month for an individual is $828.25 USD (expatistan.com). The cost of living in the Dominican Republic is cheaper than in 75% of countries in Latin America and 84% of countries in the world (expastitan.com). According to some local real estate experts, the rental yield for the Dominican Republic is good, clocking in as high as 10% annually (globalpropertyguide.com).

 Whether you are a home buyer purchasing for yourself, or a landlord purchasing to rent out a property, the time to buy is now. The Dominican Republic is truly a home buyer and landlord's paradise. Go where you can afford to live like a king or queen!

 Written by: Michelle Warner

Credit:

globenewswire.com
godominicanrepublic.com/santo-domingo
thebusinessyear.com
afsusa.org
worldpropertyjournal.com
propertiesincasa.com
numbeo.com
expatistan.com
globalpropertyguide.com