What do I need to know when buying property in Dominican Rep?

"1. It is important to research the area you are interested in buying property in, as well as the local laws and regulations that may affect your purchase. 2. It is recommended to hire a local lawyer to help you with the legal aspects of the purchase, such as title searches and contract negotiations. 3. Make sure to obtain a copy of the deed of sale and any other documents related to the property, such as a survey or title insurance. 4. Be aware that the Dominican Republic has a dual currency system, with both the Dominican Peso and the US Dollar accepted as legal tender. 5. Be aware that the Dominican Republic has a high rate of property tax, so it is important to factor this into your budget when purchasing a property. 6. Be aware that the Dominican Republic has a high rate of inflation, so it is important to factor this into your budget when purchasing a property. 7. Be aware that the Dominican Republic has a high rate of crime, so it is important to factor this into your budget when purchasing a property. 8. Be aware that the Dominican Republic has a high rate of corruption, so it is important to factor this into your budget when purchasing a property. 9. Be aware that the Dominican Republic has a high rate of natural disasters, so it is important to factor this into your budget when purchasing a property. 10. Be aware that the Dominican Republic has a high rate of political instability, so it is important to factor this into your budget when purchasing a property," explained one expat living in Dominican Rep.

VRBO Vacation Rentals
Learn More

With over 2 million bookable vacation rentals, Vrbo connects homeowners with families and vacationers looking for something more than a hotel for their trip. The Vrbo community offers families an array of rental property types such as condos, cabins, lake rentals, beach houses, and more. Discover properties in destinations that everyone dreams of visiting.

VRBO Vacation Rentals

With over 2 million bookable vacation rentals, Vrbo connects homeowners with families and vacationers looking for something more than a hotel for their trip. The Vrbo community offers families an array of rental property types such as condos, cabins, lake rentals, beach houses, and more. Discover properties in destinations that everyone dreams of visiting.
Learn More