{"id":13621,"date":"2021-12-10T13:34:11","date_gmt":"2021-12-10T12:34:11","guid":{"rendered":"https:\/\/casa-dominicana.com\/poles-buying-exotic-properties\/"},"modified":"2026-06-22T21:05:07","modified_gmt":"2026-06-22T19:05:07","slug":"poles-buying-exotic-properties","status":"publish","type":"post","link":"https:\/\/casa-dominicana.com\/en\/poles-buying-exotic-properties\/","title":{"rendered":"Poles Buying Exotic Properties"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\" style=\"font-size:30px\"><strong>FACTS<\/strong><\/p>\n\n<h5 class=\"wp-block-heading\">Summing up 2021 regarding real estate sales in the Dominican Republic, I can confidently state that after 2 years of the so-called pandemic, the Dominican Republic, despite its distance, has become a favorite exotic investment destination for Poles (and not only Poles). We fell in love with the Dominican Republic for what it offers during holidays. I can confidently say today that Poles are not afraid to buy real estate on the other side of the Ocean.   <\/h5>\n\n<p class=\"has-text-align-left wp-block-paragraph\"> They started buying much more frequently and making decisions more quickly than before 2020. This may seem obvious, as the uncertain financial situation of many business owners (who currently constitute 99% of real estate buyers in the Dominican Republic) prompted them to invest their savings in a country that, as it turned out, suffered relatively little economically. It is worth mentioning that <strong>tourism accounts for 20% of the entire economy in the Dominican Republic<\/strong>. The authorities of this country showed how to approach the difficult situation that affected all of us. The Dominican Republic was one of only three places in the world, like Zanzibar or Mexico, that did not close its borders to tourists. It did not require tests, quarantine, or vaccination.     <\/p>\n\n<h4 class=\"wp-block-heading\"><strong>Why is the Dominican Republic such an attractive destination despite the distance? <\/strong><\/h4>\n\n<p class=\"has-normal-font-size wp-block-paragraph\">Of course, beyond the beauty of the country itself, it&#8217;s the effect of numbers and how the facts about this seemingly small country\/island in the middle of the Caribbean Sea surprise us.<\/p>\n\n<h5 class=\"wp-block-heading\">Precisely. The Dominican Republic is not an island but a country on the island of Hispaniola. The formerly used and, in my opinion, much prettier name was &#8220;Hispaniola.&#8221; Hence, I like to &#8220;correct&#8221; clients by saying they are flying to the Dominican Republic, not on the Dominican Republic, but that&#8217;s a minor detail. However, even Google or Facebook ads unfortunately &#8220;perform&#8221; much better when a common misconception is used. Oh well&#8230;     <\/h5>\n\n<p class=\"wp-block-paragraph\">Returning to the numbers. I won&#8217;t go into detail about the economy here, but that&#8217;s often a surprise too. The Dominican Republic is a larger country than everyone thinks. <strong>For example, from Punta Cana airport to the country&#8217;s border is over 500 km<\/strong>. Despite this, the economy is doing very well. Most of our work at Casa Dominicana focuses on showing that this is not a country resembling Cuba or Jamaica. The mentioned countries overshadow economic problems and the issue of feeling safe. Clients are unfortunately scared by large tour operators and the media about how dangerous Latin American countries are. The Dominican Republic also suffers from this in a way. What to do with information when a taxi driver, guide, or hotel resident tells you not to leave the resort because it&#8217;s dangerous? They have their financial motives, but decades of such practices have given us a distorted image of many countries in that region today.         <\/p>\n\n<p class=\"wp-block-paragraph\">We like to present Dominican facts and figures. This way, with every minute of conversation, our clients&#8217; desire to buy property there increases. We could talk about the Dominican Republic for hours.  <\/p>\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/casa-dominicana.com\/wp-content\/uploads\/2021\/12\/3-Slide-1-copy-10-1024x572.jpg\" alt=\"\" class=\"wp-image-3234\"\/><\/figure>\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/casa-dominicana.com\/wp-content\/uploads\/2021\/12\/2-Slide-1-copy-11-1024x572.jpg\" alt=\"\" class=\"wp-image-3235\"\/><\/figure>\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/casa-dominicana.com\/wp-content\/uploads\/2021\/12\/1-Slide-1-copy-9-1024x572.jpg\" alt=\"\" class=\"wp-image-3236\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\" style=\"font-size:30px\"><strong>NUMBERS<\/strong><\/p>\n\n<h5 class=\"wp-block-heading\">Alright, but how much does a holiday apartment in the Dominican Republic cost? How much does it cost in an intimate development near the beach, how much in a guarded development right next to golf courses, and how much for a beautiful, for example, 150 m\u00b2 apartment with an ocean or Caribbean Sea view? Well, not much by Polish standards. We can assume an average of PLN 10,000 per m\u00b2 for a finished apartment. The so-called white line means that essentially, we only need to buy furniture for the bedrooms, rooms, and living room. The developer offers the rest in the price).       <\/h5>\n\n<p class=\"wp-block-paragraph\">For example: a new 75 m\u00b2 apartment in the tourist town of Bayahibe, in a gated community, a 10-minute walk to the Caribbean Sea beach, costs between PLN 480,000 and PLN 560,000. A 150 m\u00b2 apartment with a 50 m\u00b2 terrace right on the beach in Punta Cana with an ocean view can be purchased for PLN 1,300,000. For similar money, we can become owners of a 155 m\u00b2 apartment with an ocean view at the beautiful marina in Cap Cana.  <\/p>\n\n<p class=\"wp-block-paragraph\">No matter how we calculate it, most modern apartments and houses currently offered by developers in the Dominican Republic do not exceed PLN 10,000\/m\u00b2. Naturally, there are enclaves that are somewhat less touristy, locations that are harder to call typical holiday destinations like Casa de Campo or Cap Cana, and there the market operates under different rules. Some time ago, <strong>actor Jamie Foxx bought a 500 m\u00b2 house in one of these locations for USD 14,000,000<\/strong>. As you can see, you can buy more expensively if you really want to.  <\/p>\n\n<p class=\"wp-block-paragraph\">It is also worth noting that apartments in the Dominican Republic have increased in value over the last 2 years. We see that properties purchased at the design stage a year ago, today <strong>their price is most often at least 125% of the initial purchase price<\/strong>. <\/p>\n\n<p class=\"wp-block-paragraph\">It is clear that it is both a beautiful country and has quite good prices, but what about returns on investment? Here again, no matter how we calculate it, the returns are attractive. This is mainly because it is a very safe country. It is also a mature market and a popular destination for demanding clients. These are mainly Americans, Canadians, and citizens of the so-called Old Europe and Russia. They are the ones who mainly fly to the Dominican Republic for holidays, pay in dollars, and allow for a good profit on purchased apartments.      <\/p>\n\n<h5 class=\"wp-block-heading\">The calculation can also be proportionally applied to larger and more expensive apartments. To illustrate this, I will assume an apartment in an intimate development near the beach &#8211; 75 m\u00b2 for PLN 500,000. <\/h5>\n\n<p class=\"wp-block-paragraph\">We start, of course, with the contract. The client receives a range of <strong>services that are simply essential in a market linguistically and culturally different from ours here in Poland<\/strong>. By making the right choice, we can propose a property that is covered by special investment law. Incentives under this law include exemption from property tax or transfer of ownership tax. If the client gives us a free hand in negotiations, the developer will also cover the notary fees. Knowing when, what, and where to buy gives us <strong>even a 10% lower property price than what we initially see in the offer.<\/strong>     <\/p>\n\n<p class=\"wp-block-paragraph\">To start, we buy some furniture and essential accessories for our guests, spending no more than $10,000. The costs charged by the property administration are ~ $2\/m\u00b2. Electricity, apartment insurance, and internet amount to no more than $800\/month. Property administration and rental management, including all fees associated with finding tenants, such as commissions for Booking or Airbnb, typically range between 15% and 30% of the rental income.    <\/p>\n\n<p class=\"wp-block-paragraph\">And what about profitability? We can safely assume an average daily income of $70 from such an apartment. The Dominican Republic has three seasons, which differ only in how we perceive the paradisiacal weather, as the mildness of the Dominican climate is legendary. There are no 40-degree Celsius heatwaves here. Every day, practically all year round, it is warm or pleasantly hot from morning to evening and all night (the temperature essentially does not drop below 20 degrees Celsius).    <\/p>\n\n<p class=\"wp-block-paragraph\">To summarize, considering the above and, for example, 70% occupancy, which is absolutely feasible throughout the year, 20% administration costs, and choosing a property eligible for tax relief, <strong>Excel<\/strong> indicates that we can easily achieve over 7-8% annually.  <\/p>\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>In Poland, we have such inflation today, and in the Dominican Republic, a quite sensible return on investment.<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">In summary, I will only say that half of our clients make purely investment purchases. Although I regret this, they have never been to the Dominican Republic and I don&#8217;t even know if they want to go ;). I assume that the numbers do the work for them, and there&#8217;s always time to fall in love with the Dominican Republic.  <\/p>\n","protected":false},"excerpt":{"rendered":"<p>FACTS Summing up 2021 regarding real estate sales in the Dominican Republic, I can confidently state that after 2 years of the so-called pandemic, the Dominican Republic, despite its distance, has become a favorite exotic investment destination for Poles (and not only Poles). We fell in love with the Dominican Republic for what it offers [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13622,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-13621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reports-and-statistics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Poles Buying Exotic Properties - Casa Dominicana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/casa-dominicana.com\/en\/poles-buying-exotic-properties\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Poles Buying Exotic Properties - Casa Dominicana\" \/>\n<meta property=\"og:description\" content=\"FACTS Summing up 2021 regarding real estate sales in the Dominican Republic, I can confidently state that after 2 years of the so-called pandemic, the Dominican Republic, despite its distance, has become a favorite exotic investment destination for Poles (and not only Poles). 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