First of all, when you own a place in Punta Cana you will immediately start saving money as you won’t have to worry about paying for a resort again. Also, you will be able to take advantage of the rapid rate of appreciation as prices increase. Plus, your investment will begin to earn you money as you offer out your home as a short-term rental for tourists when you are not using it.
A Hot Destination
Tourism in the Dominican Republic generates over five million arrivals each year making it the most popular tourist destination in the Caribbean region and the 6th most popular overall in the Americas. With tourism continuing to grow and develop in Punta Cana, this destination is predicted to become even more popular in the future.
Second Homes – Always a Sound Investment
Real Estate in Punta Cana has experienced an enormous amount of growth over the last decade. The Dominican Republic has a solid economy that is growing, low taxation and low prices.The increase in tourism has contributed to the increase of the country’s economy and has generated employment opportunities. There are a number of major developers and companies investing in the area, as well as 40 hotels with 30,000 rooms and 90% occupancy rates.
Renting Out Your Second Home
With the popularity of Punta Cana as a travel destination, your second home will be in high demand. You will be able to earn a steady income renting out your property on Airbnb. The rental income will be a way to offset the costs of the property and pay down the investment.
Your property will be very popular during the high season from October to May when many short-term visitors come to Punta Cana, but it will also receive steady interest all year round. The more desirable the size, condition and location of your property, the more popular it will be and the higher rates you will be able to charge.
Most of the residential developments in Punta Cana have on-site rental management companies that are designed to make it easy to rent out your home even when you aren’t there.
In order to find the best real estate deals in this gorgeous slice of paradise, you need a local market expert to show you the way. To find out more details about investing in a second home in Punta Cana, contact us today.