Distressed Property For Sale By Owner in Dominican Republic
Distressed Property in Dominican Republic For sale by Owner, use a property search to find a distressed property in Dominican Republic.
Featured Property:
Properties North East Coast, Dominican Republic
Location
Las Terrenas,
Property Type
Luxury Condominium
Bedrooms
1
Bathrooms
N/A
Price
$213,000
Distressed Property in Dominican Republic | Run Down Property in Dominican Republic | Derelict Property in Dominican Republic | Broken Down Property in Dominican Republic | Abandoned Property in Dominican Republic
High tourism supports short-term rental income, especially in luxury markets like Punta Cana and Casa de Campo where investors can generate good return on investments (ROI).
If buying in the Dominican Republic investors can use their properties for part of the year and rent the rest of the year if they wished to.
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.
As properties such as beachfront villas or high-end condos can be purchased for less than in locations such as the Bahamas or Turks and Caicos, investing can be an attractive proposition.
