FAQ

How does building density work?
Each province dictates its own rules and limits in terms of how much can be built, where, and how. In Las Terrenas, Samana, for example, they are different ...
Tue, 14 Dec, 2021 at 9:42 AM
How to get financing with a local bank?
The main banks in the DR are; Banco Popular, Banco del Progreso, and BHD. These, like most financial institutions in the DR, lend money to future buyers at ...
Tue, 14 Dec, 2021 at 9:44 AM
LAW 158-01 / Confotur
This law passed in October 2001 is born from a search by the Dominican Government for incentivizing real estate investments and large infrastructure project...
Tue, 14 Dec, 2021 at 9:59 AM
Legal Fees
In the Dominican Republic, most real estate transactions carry legal fees of approximately 1% of the amount of the transaction. Those fees cover the servic...
Tue, 14 Dec, 2021 at 10:11 AM
Property Transfer Tax
As its name states, the property transfer tax is the tax the buyer pays to transfer the ownership of the property. In the Dominican Republic, the property t...
Tue, 14 Dec, 2021 at 10:15 AM
The Deed of Sale
This is also a formal document binding on both parties and signed by them in the presence of a Notary Public. It is used primarily for the purpose of convey...
Tue, 14 Dec, 2021 at 10:16 AM
The Promise of Sale
This is a formal document, binding on both parties, and signed by them in the presence of a Notary Public. From a practical point of view, it is more import...
Tue, 14 Dec, 2021 at 10:19 AM
The Purchase Offer
Real estate purchases in the Dominican Republic do not usually follow the North American pattern of a written offer tendered by the buyer to the seller, fol...
Tue, 14 Dec, 2021 at 10:26 AM
What are the prices of the DR real estate market?
According to the World Bank (Sept. 2017); the Dominican Republic (DR) has been one of the fastest-growing economies in the Latin America and Caribbean Regio...
Fri, 31 Dec, 2021 at 5:54 AM
What are the transfer taxes when buying a property?
The property transfer tax is the tax buyers to the government to transfer the property under their names. In the Dominican Republic, the property transfer...
Tue, 14 Dec, 2021 at 10:33 AM