Dominican Real Estate Tourism Working on All Six

The tourism industry in the Dominican Republic has registered a significant variation with a boom in the sector’s real estate offer, according to Luis Lopez, president of the National Hotels and Restaurants Association (Asonahores).

Mr. Lopez stated that Dominican tourism is undergoing an interesting evolution toward real estate tourism and that “many foreigners have found in the Dominican Republic a second home.”

He went on to say that the sector is developing numerous housing projects with a view to selling homes to foreigners. Mr. Lopez cited such projects as Cap Cana, Roco Ki and others in Punta Cana and in Cabarete.

This variation of tourism activity began to emerge in the Dominican Republic as early as the 1980s in Puerto Plata, with construction of residential tourism projects and condos.