Dominican Republic Real Estate Market
Many positive changes have happened to the north coast of the island and for that reason, the Domincan Republic real estate market is picking up.
Flights from the US, Canada, and Europe are bringing thousands of tourists to the north coast resort communities of the Dominican Republic. Real estate professionals, including the dedicated agents at Select Caribbean Properties, noted a distinct uptick in inquiries and showings as the “high season” of Dominican Republic Real Estate in Cabarete and Sosua appeared to be off to an early start.
The long-anticipated opening of Amber Cove, the luxurious new Carnival Cruise Lines port and tourist village at Maimon, just west of Puerto Plata, kicked off in early October with the arrival of the first ship of the 2015-16 season. The Carnival Victory arrived on October 6, carrying nearly 3000 guests, and hundreds fanned out into Puerto Plata and nearby North Coast towns wanting to experience the beauty of the Dominican Republic’s historic North Coast. A second ship, Carnival Fantasy, tied up at Amber Cove on the 15th of October. Dozens more arrivals are scheduled between now and April of 2016, and the exciting new Dominican Republic destination is proving to be a huge success, according to Carnival.
At the moment, Carnival Cruise Lines and associated companies, plan only 1-day stops at Amber Cove as part of 1-week cruises originating in Miami. But in years to come, Carnival will offer 2-week packages that include a week aboard ship and a week ashore in the beautiful North Coast of the Dominican Republic. Many view this as a potential boom to
Many view this as a potential boom to the Dominican Republic Real Estate market as Cruise Line guests seek Rental Villas and Rental Condos in Cabarete, Sosua and greater Puerto Plata. Real estate professionals agree that some of these visitors will end up as buyers in the quickly-expanding North Coast Dominican Republic luxury real estate market.
Those of us who live here see excitement and action in coming years as more and more visitors explore the beautiful North Coast of the Dominican Republic. Aside from Carnival Cruise Lines’ newly-opened facility, Royal Caribbean is planning a port near Playa Dorada, between Puerto Plata and Sosua. Airlines have begun increasing service into Puerto Plata (POP) International Airport as well as nearby Santiago (STI) International Airport. A wave is coming, and now is the time to invest in everything from luxury villas to beachfront condos in the expanding real estate market on the Dominican Republic’s North Coast.