According to Rodney R. Brito Santos, a specialist in real estate law & corporate business, the real estate market on the north coast of the Dominican Republic is currently on the rise.
Rodney R. Brito Santos
During the first months of the corona pandemic, you saw not only a decline in tourism, but also a near standstill in the real estate market.
But at the moment you see in Europe, the USA and Canada that house prices are rising enormously.
However, prices for villas and apartments in and around Sosúa and Cabarete have remained stable.
As a result, the price differences for equivalent homes in the USA, Europe and Canada with the Dominican Republic have grown enormously.
For an equivalent villa in Sosúa of USD 700,000 you pay USD 2 million in the USA.
Apparently this has not gone unnoticed because we are now seeing an increase in buyers who purchase an apartment or villa in Sosúa and Cabarete.
It remains to be seen how long the prices will remain stable here, but this increasing interest from buyers is also creating a price-increasing tendency.
