More and more investors are setting their sights on Cana Alta properties, and it is not for less. It is one of the most important destinations in the Caribbean; From here come visitors from different parts of the world, such as North America, South America and Europe.
It is estimated that it receives around 3.5 million tourists a year, so it can be a good place to buy a property and rent it, or to wait for the price to rise and sell it for a good amount.
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Why are you interested in investing in properties in Cana Alta (Punta Cana)
One of the most important reasons for buying a home in Cana Alta as an investment is the 70 flights a day it receives from destinations as influential as Europe or the United States. In addition, in recent years direct international flights have increased significantly.
Due to this characteristic expansion of tourism, the demand for short-term rentals has skyrocketed. There are many tourists who prefer to stay in luxury condos that are equipped with all the details, instead of staying in a resort or hotel.
Some, impressed by the beauty of the place, look for a property to live. And they won’t mind paying a little more, as long as they’ve found something they really like.
Another reason to buy a home in Cana Alta is found in the CONFOTUR law. It establishes that new properties for sale are exempt from the transfer tax on real estate rights (this amounts to up to 3% on the value of the property), as well as the IPI (real estate property tax) which is 1% on the sum of all the buyer’s assets in the last 15 years.
Whichever way you look at it, investing in property in the Dominican Republic is a very good idea. In our real estate in the Dominican Republic we have authentic opportunities that are waiting for you to take a look at them and get hold of them.