| Local
currency. |
Monetary unit of
Dominican Republic is the peso, second currency is the USD. The euro is largely
used. In July 2007 one euro is equivalent to 44 pesos and one USD is equivalent
to 33 pesos. Most of real estate
sales, especially of prestigious real estate, happens in USD. |
| To invest in Dominican
Republic. |
Always, dominican
goverment considers foreign investments fundamentals for to favor the
entrance of hard currency in country economy. Foreign
investments are specifically protected by the law 16-95 of 20-11-1996. |
| Real estate market
in Dominican Republic. |
In Dominican Republic,
there is a prosperous real estate market both touristic and commercial,
above among foreigns. North-Americans (USA
and Canada) and Europeans are presents in prestigious real estate market
in the Capital city and in the most known touristic
areas: Boca Chica, Bayahibe-Casa de Campo, Bavaro-Punta Cana, Las Terrenas,
Sosua, Puerto Plata. Real estate market
has registered an annual increase of 7% from 1995. |
| Why to invest
in Boca Chica. |
Boca Chica is strategical
located, 8 km far from Las Americas airport and 30 km far from Capital
city Santo Domingo, one of the most lively
Caribbean city, with international hotels, restaurants, stores, casino,
discos, nightclubs, and excellent health structures.
Boca Chica is a perfect starting point for the excursions in the island, too. Rich of services with a lively night life, Boca Chica has a wonderful and long beach very well equipped, with numerous restaurants, deep sea fishing boat hire, diving
school. The sea is always
calm and safe inside the reef, and the climate is mild all year round. |
The most interesting
real estate market in Boca Chica, for sales and rents, is costituted
of high level residences, that consents to
live in structures of european quality with all services, electricity
24 hours, water 24 hours, security 24 hours. All with lower prices
among 50% and 75% compared to the prices of european structures of the
same quality, and with a cost of living much more
moderate. |
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