Investment and Luxury Properties in Bonao, Dominican Republic
Bonao, Dominican Republic Properties For Sale, view listings of Bonao, Dominican Republic Homes, Apartments, Condos, Villas, plus luxury houses and apartments for sale in Bonao, Dominican Republic, The Caribbean.
How to sell a property in Dominican Republic
Ensure the property is in good condition: Make sure any repairs or maintenance issues are addressed, as this can affect the value.
Gather all necessary documents: You'll need the title deed, property surveys, tax receipts, and any documents showing that the property is free from encumbrances (e.g., unpaid mortgages).
High tourism supports short-term rental income, especially in luxury markets like Punta Cana and Casa de Campo where investors can generate good return on investments (ROI).
If buying in the Dominican Republic investors can use their properties for part of the year and rent the rest of the year if they wished to.
There are favorable tax benefits available under what is termed the Confotur Law (Tourism Incentive Law), which offers 15 years of property tax and transfer tax exemptions for qualifying projects.
Additionally there are no restrictions on foreign ownership, and over time the Dominican Republic has seen properties appreciate in value, especially in sought after coastal areas.
As properties such as beachfront villas or high-end condos can be purchased for less than in locations such as the Bahamas or Turks and Caicos, investing can be an attractive proposition.
If considering investing there are popular area to invest in luxury property in the Dominican Republic such as Punta Cana, with options on vacation rentals and especially gated communities.
