If you’re a first-time buyer in the Dominican Republic, you’ll want to know where the best place to buy property in the Dominican Republic is. Location is very important whether your new island home is for investment, or for the family to enjoy.
Why The North Coast?
The north coast is constantly growing and is set to soar economically within the upcoming years. With tons of new modern developments, western migrants, and growing tourism attractions, we can expect the north coast to soon become the most
sought-after area to live in the Dominican Republic. The north coast has so much to offer and has such a versatile appeal. With Cabarete being the surf capital of the Caribbean, you can consider this area a haven for water sports. You can expect laid back, luxury living in the evolving surf town of Encuentro, as new resort style developments are under works such as the Connections project – only minutes from the beach, 5 minutes between Sosua and Cabarete
Community & Safety Is Everything….
Community is a huge advantage to living the north coast lifestyle. Many existing and upcoming developments are in gated communities, which is perfect for families or anyone moving from abroad that just wants to feel safe and connected. The people here are very friendly and will certainly make you feel at home, and with such a large community of foreigners, this is somewhere you can truly free yourself of worry if you are considering the safety of your family and children. Rest assured, a study in 2021 revealed Puerto Plata to be the safest city in the Dominican Republic,
with the lowest crime rates.
You Can’t Beat It’s Beauty!
For starters, the North coast offers undeniable beauty in its lush greenery that stretches for miles, mountains, and beaches. Weather conditions here on the north coast of the island are mainly sunny skies with very little to no threat of hurricanes, which can be a concern for those moving to the Caribbean. This means you can enjoy your luxury beachfront property with no worry!
There are plenty of main beaches to visit in the Sosua-Cabarete area. If you’re living in Encuentro, you may often visit Hideaway Beach for surfing, Cabarete beach for kite
surfing and beachfront dining, or even Sosua beach for a more local experience. Most communities on the oceanfront also have their own private-access beaches which are perfect for relaxing in privacy. There is just so much beauty to admire on this coast!
An Investment You Won’t Regret…
The Dominican Republic is one of the top places in the world to invest in rental properties due to a growing demand and its extremely affordable market. Condos and villas are sprouting on the north coast for as low as $150,000 USD and have great rental opportunity as the island is so frequently travelled. As more foreigners began to relocate here to the Sosua-Cabarete region, some beautiful and established communities started to form. You will find that most essential businesses and services you have in North America, you can get here as well… for a fraction of the cost!
This side of the island is booming with new developments, and with a huge project such as a large commercial mall with high end shops coming to Playa Dorada, you can expect the surrounding areas to grow in value.
Predevelopments are already jumping in value as they are closer to completion, so when it comes to investment properties on the north coast, it certainly looks
promising! In years’ time, this side of the island will offer a paradise of modern luxury and is already heading in that direction!