Let DOMO Caribe give you the ins and outs of Las Terrenas properties market. For many in the U.S., Canada, and Europe, the Dominican Republic is a go-to Caribbean vacation destination. Just under 6.2 million tourists visited the country in 2017 (2 million of those from the U.S.)—that’s a 3.9% jump from the previous year.
The majority of these visitors hit all-inclusive beach resorts, especially in Punta Cana on the far eastern tip of the island.
But following the global trend, many travelers now want a more personal experience, the flexibility to do their own thing, and the chance to explore the vibrant Dominican culture.
Many vacationers also want to stay beyond the five to seven days or so offered by the typical package vacation. They want to immerse themselves in a laidback beach town and soak it all up…
You can’t do any of that at an all-inclusive.
But you can by renting a condo or villa in one of the small but thriving beach towns on the country’s north coast. Large resorts are few and far between here. There aren’t even many large hotels.
Owners on this stretch who offer their condos up to vacationers can see a significant return on investment thanks to high occupancy rates throughout the year. Low season just isn’t that low anymore. High season is the highest it’s ever been. I spoke to property managers in the area who said occupancy of 85% to 90% is common. Returns of 5% to 6% gross are common. Folks who are smart about their marketing can see gross returns of 8% to 9%.
Las Terrenas properties, on the Samana Peninsula, are ideal to take advantage of this market.