Las Terrenas Dominican Republic Real Estate Listings By Owner

Buying cheap luxury real estate listings directly from the owner in Dominican Republic is a matter of perspective on what the purchaser or investor perceives as 'cheap'. The desired objective though can be possible with the right strategy.

Featured Property:

Los Carales Dominican Republic Real Estate Location Punta Cana, La Altagracia Province Property Type Executive Property Bedrooms N/A Bathrooms N/A Price $370,000

"Cheap real estate" in luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.

A $1M home might be "cheap" compared to others at $2M that are located in Dominican Republic, but the price difference for what seems to be very similar properties could be for a wide range of reasons.

If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.

In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.

Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.

Properties bought below market value in luxury areas, especially when looking at Las Terrenas Dominican Republic real estate listings by owner which can be cheaper than via an agent often see strong appreciation when the market recovers or the area gentrifies.

Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.

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.