Dominican Republic Real EstateWelcome to REMAX Tropical in Punta Cana Dominican Republic where we Believe in a Commitment to Responsible Service so that our Clients Accomplish their Goals and Dreams. If you decide to live on the eastern coast in Punta Cana, a $1,000 budget might include $330 for a nice one-bedroom apartment in a neighborhood outside the city center, $200 for groceries, $150 for utilities, Internet and cellphone service, including moderate air conditioning, $125 for household and personal items, and $35 for transportation.
We do this just in case you're interested in having a second home in Caribbean; we are willing to help you in all you need to know, because a lot of tourists don't know about all the things that this amazing island has to offer, besides the beaches and the hotels.
The condo hotel unit is subject to the same dips in the market that affect all hotels in the competitive market set: hurricanes, terrorist threats, warm winters up north, price of gas, etc., all of which can affect a unit's occupancy rate and the amount of revenue it generates.
The region's foods are served in numerous restaurants and cafés throughout the cities and towns of the Dominican, so if you are looking for something that is classic Caribbean, the Dominican Republic is the place to be. Visit restaurants like El Conuco, a true hub of Dominican food and a fantastic cultural experience to be had in the country's capital, Santo Domingo.
Punta Cana also offers an international airport, to which British Airways flies direct from the UK (not all flights are direct to DR from the UK).One-bedroom apartments here go from under $100,000, but equally, three-bedroom beachfront condos can set you back a million bucks.
This 11 room boutique hotel property is a tropical paradise prime tourist district, within 5 minutes of everything, and offers an incoming www.dr-luxuryrealestate.com owner a growing source of income, easy operations of rooms with a bar and grill business, and the opportunity for growth if desired.
Mortgages are available from the banks in the DR, albeit with anywhere from 20 to 30 percent as a down payment and adjustable interest rates ranging from about 9 percent on the low end up to maybe 15 percent or so. However, even with those kind of borrowing requirements, there is an active local real estate sector in the country which should tell you something.
Punta Cana Hotels for sale and Punta Cana resorts for sale on the East coast, Dominican Republic. Costambar Real Estate is not like other realtors in Luxury homes for sale in Dominican Republic the Dominican Republic, we are specialised in Costambar, Cofresi and Puerto Plata real estate only and don't sell properties all over the Island.
Now entering its 53rd year, Casa de Campo has grown from the renowned Teeth of the Dog golf course to include 7,000 acres of luxury homes, superior sporting activities, the Caribbean's largest marina and world-class restaurants. The Global Property Guide (a real estate guide from the UK) says that prime beach front property in the Dominican Republic sells at an average of US$2,000 a square meter, compared with US$10,400 in Barbados.
If you prefer a resort lifestyle, you might like another development that offers condos in a golf and beach community. In the Cabarete area, the price of an oceanfront condominium in a central location starts at about US$120,000, while a similar condo in a hotel-style development is priced from around US$250,000, according to Parekh.