For viewing – contact Playa Laguna Real Estate – 1-809-901-3959

Playa Laguna Real Estate is located right between Sosua and Cabarete on Highway 5, just up Playa Laguna Road and right next to the famous Playa Laguna Hotel.   Playa Laguna Real Estate has Villas, Condos, Lots, and Rentals available to view today.    We also provide Construction contracting services if you plan to build.   Visit the website today or give us a call at 809-901-3959.   From the USA or canada call us toll free at 1-866-459-5596.    We’d like to make Playa Laguna Real Estate your source for Real Estate in the Dominican Republic.

The blue of the sea and the green of nature coexist in a perfect harmony to create a unique space, where the ocean breeze and the magnificent view merge to create a singular project in the north coast.

A special place where the privacy of the environment, the nature and above all, the 380 lineal Mts of exclusive beach, make of this project a unique, one of a kind place.

The project is located at a land of approximately 13,500 Mts2, covered by the endemic vegetation of the zone, prevailing palms, coconuts and beach grapes.

Our beautiful beach guarantees a very special environment, full of joy and superb landscaping.

Located at Sosua, just aside of the most important tourist complexes of the zone, and just at ten minutes from the International Airport of Puerto Plata, is found this magnificent project of condominiums.

Bluegreen is the only project with private beach in the zone between Sosua and Cabarete,

The project counts on 34 apartments and 17 penthouses with the following characteristics:

• 3.20 Mts height between ceilings – floors.
• Imported floors made in Marble or porcelain.
• All closets and doors in oak.
• Modular kitchens (white line included)
• Ready to install air conditioner in all rooms.
• Bathrooms coated in marble, showers with floating glass doors.
• Ready to install cable TV, telephone and alarm.
• Wi-Fi Connection
• Maximum quality windows with saltpeter resistance
• Electric heaters

Located in a beachfront gated community this spacious 2-bedroom, 2-bathroom home features a very large outdoor living area that extends to a family size pool area landscaped for maximum privacy. The large lot allows room for expansion such as a guest house. This community has one of the largest private beaches in the area.

Just a one minute walk to beautiful and private Laguna Beach locally referred to as Playa Laguna. This beach will become your beach where you go to relax and enjoy the sun without anybody trying to sell you something, this is your beach, it is quiet and accessible only to locals.

The Dominican real estate market is a cash market, meaning nobody here is financed, they own their properties. This makes housing prices here extremely stable and extremely safe. This community is growing with newly added:

• Gold’s Gym Ocean front Water park, and 5-star Italian Restaurant – also includes huge kids play area for kids 2-12
• American style supermarket
• La Sirena – the Wal-Mart of Dominican Republic
• 3km from Kite Surfing Beach Cabarete – huge european surfing community
• 1km from Sosua Beach – the ultimate tropical cove and reef setting located in a beautiful 1.5 km Bay
• 2km from Breezes Sol De Plata Resort, home of the largest pool on the North Coast with swim-up bar!
• No property taxes – the Dominican Republic does not have any property taxes, and has very easy immigration procedures. You can bring in one container per person free of any taxes or fees with your immigration. Rubber stamp procedure under $2000. Easy land transfer fully sanctioned by the local government and fully approved. GPS survey’s are mandatory. You are fully protected in owning your property in Dominican Republic.

Viviun Link: Villa in Sosua for Sale

For more information call David Logan:

USA & Canada 1-866-459-5596
Cell Phone Dominican 809-901-3959
Dominican Republic Office 809-571-1317
Email: info@playalagunarealestate.com

“The 52 exquisite Founder Residences are moving along at a rapid pace most recently reaching the rooflines,” stated Luis Jose Asilis, CEO of Group Metro. “The 18-hole Greg Norman Signature Golf Course is also progressing at a steady pace. The irrigation system has already been completed for the first nine holes and we expect them to be ready for grassing before the end of the year,” he added.

Spanning 580 acres along the coastline of Juan Dolio Beach, just twenty minutes from the Santo Domingo International Airport, Costa Blanca is a billion dollar development that will encompass luxurious residential homes, retail, a full-scale marina, an 18-hole Greg Norman Signature Golf Course, and other sporting components. The private golf clubhouse will feature the Hole 19 Bar, fine dining restaurant, cigar lounge, pro shop, and more.

The General Manager of Banreservas, Daniel Toribio, confirmed that by approving this loan their Board of Directors is committed to the growth of the real estate market in the Dominican Republic. More specifically in the tourist areas, and therefore they are pleased to partner with Group Metro, a respected company in the real estate and construction industries, to complete the first phase of Costa Blanca in Juan Dolio.

The Founder Residences have enjoyed tremendous success, with 45 of the 52 Villas already sold. Residents of the Founders are part of the exclusive Founder’s Club, which presents numerous benefits. The Founder’s Club package includes a luxurious 4,500 sq. ft. private villa with golf, bay or marina views, as well as two condominiums, a private boat slip in the marina, and membership to the prestigious golf club. Members will also enjoy VIP treatment in addition to various properties and onsite amenities.

About Group Metro

Group Metro has established a formidable international reputation throughout its four decades of experience in transportation, tourism and real estate. From its landmark property, Metro Country Club, to the oceanfront condominium developments of Costa del Sol, Marbella, Costa Blanca and Las Olas, Group Metro is the definitive company for real estate and tourism in the Dominican Republic. Led by CEO, Dr. Luis Jose Asilis, the company has played an integral role in putting the Dominican Republic on the map as a top Caribbean destination. Please visit www.groupmetro.com, www.metrocountry.com or www.costablanca.com.do.

Caribbean Sea and is 288 square miles with a population of 71,242. The beautiful landscape and the temperate climate are two of the things that make Dominica real estate so attractive to investors. Average temperatures in the daytime range from 75F to 85F but in the mountains the temperatures are even cooler. July through October marks the rainy season and January through April are the dry season. The island has their hurricane season from September through November.

Dominica real estate can range from the beachfront home to the estate in the mountains. Its natural beauty is a feature that is sought after by those who wish to get back to nature, whether it is in a vacation home, rental property or a fine inland estate. With tourism and agriculture being the mainstays of the island’s economy, Dominica real estate is still somewhat untapped.

Life in Dominica
Relocating to Dominica places you in a life that is not so different from living in the States or Europe. The government is democratically elected, but some of the political parties are not the same as in the States. For instance, the May 2005 elections voted the Labour Party in to a second term of office.

The cost of living in Dominica makes Dominica real estate very appealing because it is comparable and usually lower than living comfortable in the United States. Dominica real estate is very reasonably priced and rental properties and lower than many US properties. Additionally, most supermarkets in Dominica carry most of the same food items as those in the United States and Europe. Finally, Dominica is considered to be one of the safest countries in the Caribbean.

Building, renting and purchasing in Dominica

Dominica real estate is very inexpensive when compared to real estate in the United States. The most common home structure is concrete. The approximate cost for building your own concrete home ranges from $55 to $63 per square foot of living area. The price, of course, can go up, but a home built from wood is generally less expensive.

It does, however, require a great deal of work. Rentals in Dominica are very reasonable and are average or comparable to rent in the United States. The price does increase in certain areas, but the average is around $650 per month.

It would be a real treat to live in such a lush, splendid, mountainous area. A location that is perfect for snowbirds, Dominica is a little paradise tucked away in the Caribbean. Its mild, temperate climate is a major attraction for tourists and home owners alike, although you can expect somewhat heavier rains the farther you go inland. If you are a naturalist and love rain forests, mountains and natural beauty, then Dominica is the home for you.

The authenticated Contract of Sale is then taken to the nearest Internal Revenue Office for payment of the appropriate taxes .The property purchaser will have to pay property purchase taxes in the region of 7.5 property tax (IVSS) on the value of the property above that amount.

The Contract of Sale and the sellers Certificate of Title are deposited at the Title Registry Office in the jurisdiction where the property is located, and the sale is recorded. The Title Registry Office issues a new Certificate of Title in the name of the purchaser and cancels the old certificate issued in the name of the seller; this may take a few days or a few months depending on the Title Registry Office where the sale is recorded.

Your agent in the Dominican Republic will make sure that this process is done smoothly, making sure that all of the following are checked out before closing .
1 Copy of the Certificate of Title to the property
2 Copy of the survey to the property or plat plan
3 Copy of the seller’s identification card or passport
4 Copy of receipts showing all taxes being paid should they be required (IVSS) or the copy of the certificate stating that the property is exempt from the IVSS tax
5 If the seller is a company, copy of corporate documentation authorizing the sale and a certificate from the Internal Revenue showing the company is current with its income tax returns.

Your agent will also make sure of the following,
If the property is part of a community (condominium)
1 Copy of the community declaration
2 Copy of the community regulations
3 Copy of the approved construction plans
4 Certificate from the community showing all dues are paid
5Copies of the last three community meetings

If the property is a house
1 Copy of the approved construction plans
2 Inventory of furniture etc
3 Copies of utility bills, and receipts showing the seller is current with his payments
4 If there are works being carried out on the property he will make sure that all the people involved are paid off buy the seller, and the workers have their legal severance papers, otherwise the buyers may find themselves liable for payment later.

These guidelines are meant for guidance only and describe a straightforward purchase scenario. However this information is not meant to replace proper legal advice, which we always insist you take.

Popular areas for buying property for sale include Puerto Plata, Sosua and Cabarete on the north coast and, on the east coast, around Punta Cana, where several major luxury resorts are being built, notably Cap Cana, the biggest development in the Caribbean. Covering 14,000 hectares, the resort will see 10,000-holiday properties built over the next ten years along with six golf courses (including three Jack Nicklaus signature courses), five hotels and the biggest marina in the Caribbean. Prices of property for sale in the Dominican Republic start at 230,000 and go up to several million pounds. Next door is Caso de Campo, another luxury development, where Oscar de la Renta has a property. Prices of property for sale in Caso de Campo start at 250,000 for apartments.

It is hard to get hard and fast figures for capital growth experienced in the Dominican Republic, but most people suggest prices of property for sale in the Dominican Republic are going up by ten to 20 per cent a year, and rental yields can be as high as eight to ten per cent in prime locations. There is a one per cent property tax, 25 per cent capital gains tax and a six per cent exchange tax; but, like Antigua, some of the bigger resorts are negotiating lower rates of tax in Cap Cana, for example, there is a ten-year exemption on property taxes and no capital gains tax when properties are sold.

The Dominican Republic is a good place to look into investments because the country encourages foreigners to come and buy property. They have made the buying process very simple for any buyer that is interested regardless of their citizenship. There are an endless number of Dominican Republic investment real estate properties available. Whether the buyer is searching for a vacation or rental home, apartment complex, or business there is an endless amount of properties to choose from. The prices of Dominican Republic investment real estate properties are very reasonable and are below average when compared to similar properties in other parts of the world.

This is a great time to take advantage of Dominican Republic investment real estate properties. With the increasing economic boom it has become easier to rent out properties. Oceanfront homes and businesses have become increasingly popular and they are relatively easy to rent. Most Dominican Republic investment real estate properties are great money making opportunities when utilized properly. However it is important to research the area that is being considered and make sure to be well informed before undergoing any business ventures. Before buying take into account any maintenance or other things that may need to be taken care of. If the buyer is not going to reside on the island full time he or she must make sure to hire dependable people that can take care of any problems that may arise. For those who are going to reside on the island and run their business it is important to find a good area to establish oneself. Properties in high tourism areas generally garner more attention and more amenities are available to produce a thriving business. These are things that may help to determine if an investment property is a good idea.

Dominican Republic investment real estate properties have several advantages that make them worthwhile. If a person chooses to rent out their properties the income obtained from the rent is tax-exempt which can make buying investment properties very appealing. The buying process is not complicated and positive results are usually obtained. There is no restriction on what foreigners may buy or sell and the government encourages foreign investors. Land permits are also easy to obtain however one should be knowledgeable of the rules and regulations that do exist. For example in some areas construction cannot take place within so many yards of the beach. Things like this should be taken into account before purchasing a Dominican Republic investment real estate property. The tourism market shows no sign of slowing down so as long as the weather and the beaches stay beautiful their will not be a shortage of patrons.