Tourism boom fuels Dominican Republic's property market
This content is archived.
The Dominican Republic’s residential property market is growing fast, thanks to robust tourism growth and the arrival of luxury international and boutique hotels. In 2015, stay-over tourists rose by 8.9% to around 5.6 million, following an average annual growth of 5.2% from 2010 to 2014.
There are no restrictions on foreigners’ buying property in the Dominican Republic. “Tourists come for the surfing and the windsurfing, and many of them end up buying homes here too,” says Josefina Covents of the Cabarete-based agency Josefina Covents y Asoc.
The rest of this archived report is part of Full Access.
