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Global Properties assists foreigners to buy villas in Santo Domingo under favourable conditions and in the shortest possible time. Use the advanced filters to find real estate in the Dominican Republic that matches your preferences by specifying desired price ranges, square footage, number of rooms, finishing, furniture, amenities, construction stages and location.
You can sort the search results and rank villas in the Dominican Republic by ascending or descending cost, novelty, size and other parameters. Carefully review the characteristics of the property that interests you and contact the seller directly by phone or through private messages. The contact information of the agency or developer will be provided in the listing.
- Minimum cost of villa in Santo Domingo: USD 1
- Maximum cost: USD 2.5 million
- Minimum area of a villa in Santo Domingo: m²
- Maximum size: 1,200 m²
Purchasing villas or apartments in the Dominican Republic qualifies you for an automatic residence permit if the investment comes from foreign resources. As per the General Immigration Law and its provisions, as well as the Foreign Investment Law, real estate buyers in the Republic can obtain a one-year visa with the possibility of extending it for four additional years.
As part of the programme, after two years of continuous residence in the country, residents have the right to apply for citizenship by naturalisation if all investment requirements are still met. They must be proficient in Spanish and possess sufficient knowledge of the country’s values and traditions.
To extend the visa and/or apply for citizenship, foreigners must demonstrate that at least USD 2,000 of passive income per month has been transferred to a local bank. For each dependent participating in the programme along with the main applicant, an additional USD 250 is required.
Villas for sale in Santo Domingo
Purchasing villas and houses for sale in Santo Domingo offers a unique blend of historical charm and modern convenience. Established in 1496, the city is the oldest continuously inhabited European settlement in the Americas, boasting a rich cultural heritage and well-preserved colonial architecture. The infrastructure in this bustling metropolis is well-developed, featuring advanced healthcare facilities, reputable educational institutions and a robust transportation network that includes the Metro, the most extensive metro system in the Caribbean and Central America.
When considering real estate in this vibrant city, potential buyers will find a diverse range of villas and houses, each offering unique architectural styles and amenities. The process of purchasing property in the Dominican Republic is relatively straightforward for foreigners. Buyers must obtain a tax identification number (RNC) and can then proceed with the purchase, which typically involves a promissory sales agreement, a title search and the final sales contract. Engaging a local attorney to navigate the legal intricacies and ensure a smooth transaction is advisable.
Investing in a villa or a house in Santo Domingo, Dominican Republic, is especially appealing due to the city's economic stability and promising growth potential. The real estate market here has experienced consistent appreciation, driven by both local demand and international interest. Additionally, the Dominican Republic offers favourable tax incentives for property investors, including no restrictions on foreign property ownership and low property taxes. The city’s strategic location, coupled with its thriving tourism industry, enhances the rental potential of properties, making it an appealing option for investors seeking both capital appreciation and rental income.
In summary, the combination of historical allure, competitive house prices in Santo Domingo and investment-friendly policies makes the area a compelling destination for real estate investment, particularly in the housing market.
Reasons for investing in a villa in Santo Domingo
Investing in a villa for sale in Santo Domingo presents numerous compelling reasons for potential investors:
- High Return on Investment (ROI): The real estate market here has demonstrated significant growth, with properties in tourist hotspots where properties command premium rental rates. The ROI for real estate investments in the Dominican Republic can reach up to 14% annually, making it a lucrative option for investors;
- Attractive Rental Yields: The rental yield for houses in the Dominican Republic ranges from 6.2% to 8.9%, driven by a booming tourism industry that attracts over 862,000 visitors annually. This high rental yield ensures a steady income stream for property owners;
- Market Growth and Stability: The real estate market in the Dominican Republic is projected to grow by 2.85% annually from 2024 to 2029, ultimately reaching a market volume of approximately USD 0.84 trillion by 2029. This consistent growth indicates a stable and expanding market, making it an ideal choice for long-term investment strategies;
- Off-Plan Opportunities: Numerous off-plan units are available for purchase in the capital, providing investors with the opportunity to buy properties at lower prices before they are completed. As of 2023, there are 38 off-plan properties listed for sale, offering a range of investment options;
- Favourable Tax Incentives: The Dominican Republic offers several tax benefits for foreign investors, including reduced property taxes and exemptions from certain taxes for a specified period. These incentives create a highly favourable investment environment for international buyers;
- Strategic Location and Infrastructure: The capital city boasts a well-developed infrastructure, including advanced healthcare facilities, reputable educational institutions and a robust transportation network. The presence of the Metro, the most extensive metro system in the Caribbean and Central America, enhances the city's connectivity and accessibility;
- Tourism and Economic Growth: The Dominican Republic's thriving tourism industry significantly boosts the demand for rental properties. The country's economic stability and growth potential further enhance the attractiveness of real estate investments in the region.
In summary, the combination of high ROI, attractive rental yields, market growth, off-plan opportunities, favourable tax incentives, strategic location and a robust tourism industry makes investing in a house for sale in Santo Domingo a highly appealing option for investors.
Buying a villa in Santo Domingo
Purchasing houses in Santo Domingo for investment offers a blend of historical charm and modern amenities, making it an attractive opportunity. The city's well-developed infrastructure, strategic location and favourable tax incentives enhance its appeal to both local and international buyers. With high rental yields and a growing real estate market, investing in properties here promises substantial returns.
Global Properties simplifies the process of finding your ideal property in this vibrant city. The platform offers a comprehensive listing of houses, making it easy to explore various options. Whether you're looking for a luxurious villa or a cosy house, Global Properties provides detailed information and user-friendly search tools, ensuring a seamless and efficient property search experience across the Dominican Republic.