Can foreigners buy a property in Punta Cana?
There are no any restrictions on foreigners purchasing real estate property in Punta Cana.
Since 1998 was established a new regulation and abolished previous decree from the year 1945. The only requirement currently is that the Title Registry Offices keeps a record of all purchases made by foreigners, only for statistical purposes.
Foreigners can also apply for financing in Dominican Banks, with 30% down payment and up to 7 years financing. To apply for financing you need to do a pre-approval.
With following documents:
Last two years paid income taxes for US citizens in government form.
Last six months of movements of your accounts
Copy of your IDS
Authorization to verify your Credit History, signed in the bank.
Is Punta Cana a good place to invest?
Punta Cana is a touristic zone on the East coast of Dominican Republic. It consists of more then 120 hotel resorts and 11 Golf courses. There are big number of residential areas on the beach, Golf courses and walking distance to the beach.
There are many reasons to live and/or invest in Punta Cana, and for whatever reason, it will always be a fascinating destination.
Beautiful landscapes, marvelous beaches and a constant tropical climate. First level destination for golf lovers, with some of the best courses in the Caribbean.
It is a highly tourist destination where construction will soon begin on the second international airport, with more than 8 million visitors a year and it is projected that there will be, in approximately two years, 12 million tourists; so it makes it an ideal place for real estate investments.
Modern infrastructures with large hospitals, colleges and universities, international food restaurants with the best chefs.
On the page of Dominican Central Bank, you can see all information regarding statistics for tourism.
Since 70s Punta Cana trough its early history, is an excellent place to invest. At first we are having 12 months of summer, and white sands beaches, the reason why visitors are coming to Punta Cana.
Then as development of Golf courses expanded, we are having PGA Tours each year in Corales, then US Kids Golf International.
There are many direct flights from Europe, North America United Stated and Canada as well as from South America. You can check Punta Cana Airport arrivals and Punta Cana Airport departures.
