DR
Questions buyers ask

Questions buyers ask

Foreign ownership, closing costs, CONFOTUR, payment schedules, financing, rental and title. Answered plainly.

FAQ

Before you sign anything

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Can foreigners buy property in the Dominican Republic?

Yes. Foreign nationals buy on the same terms as Dominican citizens, in their own name, with no requirement for residency, a local partner or a company structure. The title is registered with the Registry of Titles and is a full freehold.

Do I need to be in the country to buy?

No. The contracts can be signed under a power of attorney granted to your lawyer, legalised at a Dominican consulate or apostilled in your own country. Most of our remote buyers do a video walkthrough, sign remotely, and visit at handover.

What are the total closing costs?

Budget roughly 4.5-5% on top of the price: 3% transfer tax on the government-appraised value, 1-1.5% legal fees, and around 0.5% in notary and registration costs. Where a project holds a CONFOTUR exemption, the 3% transfer tax does not apply.

What is CONFOTUR and does it apply here?

CONFOTUR (Law 158-01) exempts qualifying tourism developments from transfer tax and from annual property tax for fifteen years. It is granted per project by the Ministry of Tourism. Ask us for the current status and documentation for the project you are interested in.

How is the payment schedule structured?

A $5,000 reservation freezes the unit and the price. Then typically 40% on signing the purchase contract, 40-50% in instalments tied to construction milestones, and 10-20% on delivery. Exact splits vary by layout and are written into the contract.

Is financing available?

Yes, two routes. The construction company finances buyers directly on individual terms, which is what most buyers use during construction. Dominican banks also lend to non-residents, usually at 60-70% loan-to-value on completed property; allow extra time for their paperwork.

How long does construction take?

Six to eight months for the villas at Villas del Sol, depending on the layout. Flora Garden Residence is being delivered building by building; ask for the current schedule for the floor you are looking at.

What do the HOA fees cover?

Security, power and water in the common areas, rubbish collection, gardening, pool cleaning and maintenance, common-area cleaning, administration staff, generator maintenance, fumigation and the reserve fund. Villas are charged $75 per bedroom; apartments $220-280 per unit depending on layout.

Can I rent the property out?

Yes, both projects are built with letting in mind and neither restricts short-term rental. Rental income earned in the Dominican Republic is taxable there; non-resident individuals are withheld at 27% on gross rents unless they operate through a local structure. Take local advice before you buy.

Who handles the legal work?

García Tallaj, the project's law firm in Puerto Plata, run due diligence, contracts, notarisation and title registration. You are free to appoint your own lawyer instead.

What happens if the delivery date slips?

The contract sets the delivery date and the penalties that apply on both sides. Ask to see that clause before signing; it is a fair test of any developer in this market.

Is the water and power supply reliable?

Both projects run 24/7 power and water independently of the town supply: Villas del Sol through per-villa water tanks and community infrastructure, Flora Garden through a backup generator and its own water well.

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