Purchasing Real Estate in Dominican Republic

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 just two years stay-over tourism increased tremendously.

Tourists come to relax, vacation, and to have a taste of the Caribbean lifestyle. Many of them end up staying and buying homes here, since the benefits of buying property in the Dominican Republic are higher than anywhere else in the Caribbean.

A stable government, improving infrastructure, and easy access via its three international airports & ports further encourage foreigners. Our resort community offers amenities & hospitality services for a comfortable and relaxing lifestyle. On the North Coast luxury villas have shown the highest price appreciation, and construction costs have remained stable, giving this area a valuable reputation.

With long stretches of sandy white beaches and pleasant temperatures, foreign homebuyers are attracted because luxury property is accessible in the Dominican Republic. By investing in a place of your own, your monthly living costs would be much less. This is a realistic and appealing option for affordable luxury & to truly live in the location of your dreams.

Infrastructure Update

Year end update on the Luperon Ocean Estates infrastructure.  While there has been a lot of behind the scenes work on the development progressing along, we are now preparing to get our Engineering drawings completed, commence with the environmental study and put a schedule together for all to follow.

In this process of essentially starting over, there are a large number to challenges and planning documents and procedures to put in place.  Once we have a set of engineering drawings completed, which is typically 2.5 to 3 months we will have what we need to proceed with permit submittal and a number of other tests and procedures.  

Our engineering drawing are essentially our construction documentation set.  These documents sort out the details of the streets, the sewers, the water and power and cable lines. They show and detail the water treatment center and the excavation and land moving that needs to take place during the construction process.

To be very clear.  All aspects of the previous development were scrutinized, most of it altered for the better.  But all of this was and is now designed.  Previously it was not.  My apology for the delays between the last infrastructure blog post and now.  But we are working on all fronts at the same time.  

In the meantime the DR has had some of the most intensive weather and rain storms in recent history.  Roads and bridges were washed away, people have died as a result.  We mention this so that you also understand some of the physical and weather challenges we face ahead of us when we start construction.  As we move into the holiday part of the year, most of our development efforts will be on engineering and completing the lot owners CCR's document for each lot owner by early January.  The CCR's for each development are basically the clarifications and restrictions under which each lot owner must operate within.  It's a guide for all aspects of the development from restrictions on home sizes based on lot sizes, lines of site, materials, rentals, facilities and much more.  Look for our next blog before the end of the year on this subject.

Happy holidays, from all of us at Luperon Ocean Estates.