Frequently asked questions
Clear answers to the most common questions from buyers and investors.
Can a foreigner buy property in Punta Cana?
Yes. In the Dominican Republic, foreigners can buy land, houses and condos without restrictions and with the same rights as Dominican citizens.
What documents do I need to buy?
You'll typically need a valid passport, proof of income and an apostilled criminal background check. Your attorney will confirm the exact list for your situation.
How long does the buying process take?
Roughly 30 to 60 days, from signing the contract to the final title registration.
What additional costs are there when buying?
The 3% transfer tax (exempt for CONFOTUR developments), attorney fees of 1% to 2.5%, registration of about 1% and an inspection of US$500 to US$900.
Can I finance the purchase?
Some Dominican banks offer mortgages to foreigners, and many developers offer in-house financing or payment plans during construction.
What annual taxes do I pay?
The IPI, an annual tax based on the property's assessed value, and in some cases municipal fees. CONFOTUR developments are exempt from the IPI for 15 years.
Can I use my property as a vacation rental or on Airbnb?
Yes. Punta Cana has a very active vacation rental market and companies that manage the property for you. Make sure the condo association rules allow it.
What should I check before buying?
That the title is clean, that the development has building permits, the availability of utilities (water, electricity, internet) and a full legal review.
Do I need an attorney?
It's not mandatory, but we always recommend one to verify documents and protect your purchase.
What are the best areas to buy in?
Cap Cana, Bávaro, Punta Cana Village, Vista Cana and Downtown Punta Cana, as well as Bayahíbe (La Romana) and Santo Domingo, depending on what you're looking for.
How much does it cost to maintain a property?
HOA/condo fees usually run US$100 to US$500 per month, and insurance US$500 to US$2,000 per year, depending on the size and type of property.
