Real Estate Investments

Jersey Devil

Bronze
Jul 5, 2002
686
0
16
How difficult is it to purchase property in the DR and obtain a
clear title? Can someone recommend a broker and/ or lawyers
to contact?

Gracias!
 

Hillbilly

Moderator
Jan 1, 2002
18,946
506
113
It is not hard

Send an e-mail to Fabio Guzman over on the Legal BB. He can help....

HB
 

arturo

Bronze
Mar 14, 2002
1,333
94
48
anecdotal and unscientific real estate comment

What I am about to say is based on my personal research (I was considering a residential investment at one time and I have some legal training) and anecdotal evidence from friends on the island. It's important to note those qualifications because I don't want to give a false impression.

I decided against buying mostly I didn't think it would be a good investment (currency fluctuations, interest rates, a construction pace that apparently outstrips any reasonable demand, and the relatively low rental costs discouraged me) and because I couldn't secure title insurance to my satisfaction. That, along with what seemed to me to be a considerable number of horror stories involving lawyers leaves me happy with my decision, for now. My favorite hard luck story was one that involved a Spanish colonial land grant.

Good luck.