Apartments and flats for sale in Puerto Plata

2 properties
$ 195 000
Step into your own piece of paradise with this exquisite oceanside condo nestled in the heart of Cabarete, Dominican Republic. Offering the epitome of coastal luxury living, this fully furnished...
222
$ 230 000
MLS #: J-9267-C
2231100
FAQ
How to buy a flat in Puerto Plata for a foreigner on the website Global Properties?

Overseas buyers can explore over 2 apartments and flats in Puerto Plata available for sale on our website. Use our user-friendly search filters and currency converter to find the perfect option tailored to your needs. For more information on your preferred apartments in the Dominican Republic and details about the transaction, please contact one of our agent.

How much are flats in Puerto Plata?
  • Minimum cost of an apartment in Puerto Plata: USD 195000.
  • Most expensive unit: USD 5.9 million.
  • The average price has increased by 5% in the last year.
Bedrooms Minimum price (USD) Maximum price (USD)
1-bedroom 50,000 1.2 million
2-bedroom 65,000 1.4 million
3-bedroom 89,000 1.5 million
4-bedroom 169,000 2.5 million
5-bedroom 249,000 1.5 million
What is the size of an apartment for sale in Puerto Plata?
  • Minimum area: 1100 m²
  • Maximum area: 799 m²
How to obtain a residence permit when buying housing in Puerto Plata?

If you invest USD 200,000 or more in real estate in the Dominican Republic, you’re eligible for a one-year residence permit, which can be extended thereafter.

Apartments for sale in Puerto Plata

Puerto Plata is a vibrant and picturesque destination that has attracted considerable interest from property buyers and relocators. The market for flats for sale in Puerto Plata features a range of configurations, amenities and price points, making it an appealing option for a diverse array of buyers.

Some popular neighbourhoods to invest in for sought-after real estate include:

  • Playa Dorada: Known for its beachfront properties and proximity to resorts, golf courses and amenities;
  • Costambar: A gated community with beach access and various residential options;
  • Ocean Dream: Offers luxury apartments and condos with ocean views, attracting both residents and vacationers;
  • Cofresi: Famous for its hillside properties overlooking the ocean, featuring a mix of luxury villas and apartments;
  • Puerto Plata Centro: Provides a blend of residential and commercial properties, offering urban conveniences.

Whether you're seeking beachfront luxury, gated communities or more urban settings with easy access to amenities, the areas have something to offer.

Local housing comes in various configurations, from studios, ideal for singles or couples, offering compact living spaces with essential amenities, to five-bedroom units and larger for those seeking more spacious living areas.

Those wishing to buy an apartment in Puerto Plata can consider properties with a range of amenities. Some of the most common ones include:

  • Many apartment complexes feature private or communal pools, offering a refreshing escape from the tropical heat;
  • Well-equipped gyms are often available, allowing residents to conveniently maintain their fitness routines;
  • Gated communities and security personnel ensure a safe living environment;
  • Proximity to the stunning beaches of Puerto Plata is a significant draw for many buyers;
  • Apartments often come with high-quality finishes, contemporary designs and fully equipped kitchens;
  • Secure parking spaces are typically included, adding convenience for residents with vehicles;
  • Some luxury residential complexes offer spa services and wellness centres;
  • High-speed internet and cable television services are commonly provided.

Reasons for investing in an apartment in Puerto Plata

The region has benefited from substantial government and private sector investments aimed at enhancing its infrastructure and tourism appeal. As a result, the average cost of flats in the Dominican Republic increased by 7% in May 2024 compared to the same period the previous year, with average apartment prices in Puerto Plata rising by 5%.

Nevertheless, compared to other Caribbean destinations, the area offers relatively affordable real estate prices. The average value of apartments in Puerto Plata for investment and living is approximately USD 120,000, which is significantly lower than in regions like Punta Cana, where prices can exceed USD 200,000. This affordability, coupled with the potential for property appreciation, makes the region an attractive option for both first-time and seasoned investors.

Tourism is a major driver of Puerto Plata's economy, attracting millions of visitors annually. From January to May 2024, the region welcomed over 3.7 million tourists, a 10% increase from the previous year. This influx of tourists has spurred demand for rental apartments in Puerto Plata, Dominican Republic, offering homeowners substantial opportunities for rental income. The average occupancy rate for vacation rentals in the region stands at 81.1%, with the average annual rental yield for properties around 7%. Additionally, property values in the area are expected to continue rising, providing investors with potential capital appreciation over time.

In addition, Puerto Plata has undergone dramatic increase in infrastructure development in recent year, improvements in road networks, and the development of new tourist attractions. These actions have not only improved the quality of life for locals and residents but also increased the region's attractiveness to property buyers and visitors alike. The enhanced infrastructure supports the growth of the real estate market by making the area more accessible and desirable.

Buying an apartment in Puerto Plata

Global Properties functions as a daily aggregator, compiling listings from trusted developers and agencies to simplify and expedite the search for flats and villas in Dominican Republic, commercial spaces, and land plots. Our main goal is to help you find your ideal real estate swiftly and conveniently. Explore our platform today and discover the ease of finding your dream property.