An article titled “Second homes: A gust of new development in the Dominican Republic” recently appeared in USA Today. The article was very positive, which is good news for investors and those considering investing in real estate in the Dominican Republic.
The article’s focus is on the north coast, and specifically the Samana Peninsula, Cabarete and Puerto Plata.
Some of the highlights of the article include:
• The Dominican Republic has long been a favorite of US and international buyers, thanks to plentiful beaches and high-quality golf courses, high-end developments coupled with affordable prices, and a stable, democratic government.
• Now, thanks to infrastructure improvements and the simple desire to find the next hot place, second-home buyers are heading back north, spurred by the development of the Samana Peninsula.
• The newly emerging Samana Peninsula began as a second-home destination for Dominicans but is increasingly being “discovered” by overseas buyers.
• Samana Peninsula: Several towns on this 40-mile-long peninsula are seeing development, but for US buyers, the runaway favorite is Las Terrenas. Already home to several boutique hotels, the longtime fishing village is emerging as a culinary hotspot, with European chefs taking advantage of the seafood.
To read the whole article, go to USA Today.