Investment Property in Santo Domingo

Investment Real Estate in Santo Domingo

Santo Domingo property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Santo Domingo and LATAM .

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Searchable Map of Santo Domingo Investment Real Estate

Santo Domingo (Spanish pronunciation: [ˈsanto ðoˈmiŋɡo] meaning “Saint Dominic”), once known as Santo Domingo de Guzmán, is the capital and largest city of the Dominican Republic and the largest metropolitan area in the Caribbean by population. As of 2010, the city had a total population of 2,908,607, when including the metropolitan area. The city is coterminous with the boundaries of the Distrito Nacional (“D.N.”, “National District”), itself bordered on three sides by Santo Domingo Province.

Founded by the Spanish in 1496, on the east bank of the Ozama River and then moved by Nicolás de Ovando in 1502 to the west bank of the river, the city is the oldest continuously inhabited European settlement in the Americas, and was the first seat of the Spanish colonial rule in the New World. Santo Domingo is the site of the first university, cathedral, castle, monastery, and fortress in the New World. The city’s Colonial Zone was declared as a World Heritage Site by UNESCO. Santo Domingo was called Ciudad Trujillo (Spanish pronunciation: [sjuˈðað tɾuˈxiʝo]), from 1936 to 1961, after the Dominican Republic’s dictator, Rafael Trujillo, named the capital after himself. Following his assassination, the city resumed its original designation.

Santo Domingo is the cultural, financial, political, commercial and industrial center of the Dominican Republic, with vast majority of country’s most important industries being located within the city. Santo Domingo also serves as the chief seaport of the country. The city’s harbor at the mouth of the Ozama River accommodates the largest vessels, and the port handles both heavy passenger and freight traffic. Temperatures are high year round, with cooler breezes during winter time.

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The increasing financial and political stability of Santo Domingo has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Santo Domingo

Renting out your Santo Domingo buy-to-rent out investment property can grow wealth and income.

Whatever your goals with investment property in Santo Domingo are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Santo Domingo and be prepared to change your initial outlook.
Thoroughly research the Santo Domingo location with a special emphasis on fringe areas outside the main Santo Domingo metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Santo Domingo.
Ensure that your target investment property in Santo Domingo appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Santo Domingo properties yourself is an easy option, but are these savings justifiable when you run into Santo Domingo red tape? Physis Realty Santo Domingo office in downtown Santo Domingo provides you with peace-of-mind and leaves you time to plan your next move in the growing Santo Domingo buy-to-rent sector.

With our expert guidance, investing in Santo Domingoprovides the secure knowledge that your money is working harder than it would in a local Santo Domingo bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Santo Domingo, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Santo Domingo property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Santo Domingo

Flipping property in Santo Domingo

Flipping property is when we advise clients to buy a Santo Domingo property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Santo Domingo market has a time to react to the renovation.

The Flipping Strategy in Santo Domingo

Investment property flipping in Santo Domingo is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Santo Domingo real estate investments are sometimes referred to by professionals as ‘distressed’ Santo Domingo real estate.

What is distressed Santo Domingo property:

Santo Domingo property in need of renovation
Santo Domingo real estate with a change of purpose and use
Oversold Santo Domingo property
Bank repossessions in Santo Domingo

Put simply, long term investors in Santo Domingo purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Santo Domingo investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Santo Domingo property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Santo Domingo use a minimum profit value of 22% when looking at potential Santo Domingo projects. The reason for this is because there are lots that can go wrong in Santo Domingo property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Santo Domingo

For luxury property investors hoping to add a superb property in Santo Domingo to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Santo Domingo, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Santo Domingo should be entrusted to only the highest-quality agency.

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