What are the Starting prices of properties?

The average 2 bedroom apartments start at €283,000 (Bahamas)
The average 1 bedroom apartments start at €26,000 (Dominican Republic)

What are the other cost's involved?

You will need to budget for 7% for others costs in Dominican Republic and up to approx 15% in Bahamas

Are mortgages available?

DOMINICAN REPUBLIC
Typical Rate : 4.65%
Term : 15 years
Max Age : 65

BAHAMAS
Typical Rate : 7.45%
Term : 20 years
Max Age : 65

Is there a rental market?

A healthy market with returns up to 10-15%

Do I need a visa?

UK Citizens do not need visa and may stay 6 months in Bahamas
Visitors who do not obtain a Dominican visa prior to entry must purchase a tourist card upon arrival to enter the country.  Tourist cards cost ten U.S. dollars, which must be paid in U.S. currency.

Will I need a Lawyer?

We always highly recommend instructing lawyers with regards to property sales our local team will assist with this

What's included on the inspection visit?

Please see inspection trips link

How does the buying process work?

Dominican Republic - A 10% deposit is required to reserve the property and take it off the market. Subsequently, the lawyer will conduct the process of due diligence. This involves title search, overseeing the survey, and obtaining important documents from the seller, including a photocopy of the title. When this has been done and the buyer is satisfied with the supplied information, the buyer proceeds to making payments of the remaining balance.

Bahamas - First you will have to put down a deposit to secure your property this can vary from £2,000.00 to £3,000.00 * 20% when you sign contract
30% 30 days
30% 30 days
20% on completion (keys – title deeds )