The Dominican Republic enjoys socio-political stability and a modern and transparent legal framework, which, together with its renowned natural beauty, has contributed to a veritable explosion in the real estate industry. Combined with the absence of any legal restrictions on foreigners buying property, the country has seen a boost in the real estate business and investment in villas, apartments and plots of land.

While it is true that we are in the midst of a global economic slowdown, the macroeconomic development of the Dominican Republic in recent years has seen a sure and steady growth.

The country stands out for the efforts it has made to boost the economy over the last few decades, where tourism has come to play a key role throughout the region: Punta Cana – Bávaro. This has inevitably led to a high demand for hotel rooms in the region, and has resulted in a number of housing projects for workers and suppliers in the tourism industry. In addition, luxury housing developments and condominiums have emerged, where tourists are moving from a hotel-based vacation to a vacation-home type model. These properties are mainly second homes for middle and upper income families from the island and from abroad. In fact, according to a study by the Madrid Chamber of Commerce, domestic demand for luxury products is close to saturation point.

Residential real estate in the area is highly fragmented, which means the Iberostate Bávaro project has become a novel idea and concept, which stands out for aiming to combine the most successful ideas from other projects in the area, improving the handicaps suffered by neighboring communities. For example every aspect of real estate (from construction, sale, maintenance and operation of the complex) is supervised by Iberostar, who has not left any details to third parties, and can therefore ensure that the services, security and quality of the chain are present in every aspect.