HELEN MITCHELL
Las Terrenas The Samana Peninsula
LAS TERRENAS REAL ESTATE REASONS TO INVEST NOW
The Property Market Today Sales in Las Terrenas have seen an increase of 20% from 2015 to 2016 This year 2017 is up 11% on last year Available sellable property stocks are at the lowest levels ever New developments are selling out before construction is finished.
PREVIOUS YEARS INTRODUCED Various Pre Construction Deals
The Coson Beach Apartments Only 2 left The first was sold in 2016
Coson Beach 2 Bedroom Apartments Selling Costs 2016 US$360,000 2017 US$400,000
The Aligio Beach 9 apartments left out of 77
The Aligio Beach 2 Bed Penthouse Apartments Selling cost 2016 US$399,000 Selling cost 2017 US$435,000
Why are Property sales Booming North Americans have finally found out what Europeans thought was their own secret tropical paradise. Ease of air and road travel nationally and internationally has the area accessible to the World. Compared to other Caribbean Islands property and cost of living are cheap.
The introduction of mortgages to both national and international clients Why are Property sales Booming High demand from both International and local buyers who purchase around 30% of property. The disposable income of both the rich and in particular the Dominican Middle class, which has only evolved over the last 6 years.
The Rental Market Buy to Let property sales are a significant proportion of sales due to the high occupancy rates and rental rates The Dominican tourist accounts for around 45% of all rentals due to over 16 long weekend holidays and other vacation time they have.
The Aligio Beach 2 bedroom apartment
Aligio Beach 2 bed Apartment 2 Bed apartments from US$259,000 SOLD Condo fees US$190 month Average Nightly Rent US$200 Average annual occupancy-net profit-net yield 40% US$13,468 5.20% 50% US$16,576 6.40% 60% US$20,331 7.85% 75% US$23,957 9.25% Includes condominium reception services, valet, parking, housekeeping, laundry, wireless internet, basic cable, income taxes and administrative expenses.
Why are Property sales Booming The Area is one of simple and natural beauty that is protected by the government. People have the desire for a life style change. People are looking to remove the shackles of high taxes and money controls.
Over 17 miles of Beaches
Why are Property sales Booming Supply and demand there are not enough new properties being built. High rental income means that owners don t want to sell unless circumstances force them too. The ease of buying and owning property when compared to other countries, there are no restrictions of different laws for foreign investors
Why are Property sales Booming European owners offering lower prices on private sales due to the US$ to Euro. Government investment in infrastructure and logistics continues Capital Investment gains Property prices continue to increase
PRE CONSTRUCTION OFFER FROM THE DEVELOPER OF ALIGIO BEACH 7 th Successful Development in Las Terrenas
The Louisa Apartments Louisa Apart Hotel is only 50 metres from Las Ballenas beach and 500 metres from the center of town. The Project comprises 32 luxury apartments arranged around a pool with Jacuzzi and relaxation areas, 24hr reception service, independent emergency generator, remote control gate and night security.
The Louisa Apartments Ground floor with garden A choice of 1- and 2-bedroom apartments; Second floor 1-bedroom apartments with private access to the terraced roofs Buyers also have the option of owning their own private, enclosed garage.
The Louisa Apartments This complex is being developed as an apart-hotel managed internally by a hotel management team, guaranteeing you a flow of hotel clientele and rental income.
Louisa Prices 2017
Valcaoba Apartments The development is made up of small and medium-sized accommodation units, from 40 to 150m² Aimed mainly at local and foreign investors who are looking to take advantage of the tourist activity in the region. Only 500m from the sea and beautiful beaches and 300m from the town centre.
This residential complex of 26 apartments consisting of studios, 1 & 2 bed with an option to have a 3 bed. Built over 3 floors with a semiunderground level The development will include a swimming pool and terraces areas, gardens, a barbecue area, a lobby-reception area and Spa services. Solar power, back up generators and a filtered drinking water system.
Tax Exempt for 15 years NO PURCHASE TAX NO RENTAL INCOME TAX IF THROUGH THE RENTAL POOL SCHEME NO ITBIS 18% TAX ON FURNITURE IF PURCHASED THROUGH THE SCHEME NO 1% ANNUAL IPI TAX (only property over US$153,000 has to pay) see this link TAX
Studio US$76,900
1 bed Apartment US$104,900
2 bed apartment US$154,000
Valcaoba Rental Projections Profitability
Marena Beach
Marena Beach A true beachfront development with almost 50 meters of beach front. 18 apartments and 12 bungalows will be built in tropical gardens. The apartments are distributed in a modern 3-level building with an elevator. 1 and 2 bed and 2 & 3 bed penthouse apartments 2 bed bungalows with private pool
Marena Beach Only 11 apartments remain out of 18 Only 5 Bungalows remain out of 12 Ask us for our special promotion offers exclusive to our clients.
Marena Beach 2 bed bungalow 104m2 US$230,000
Marena Beach 3 bed bungalow With pool 116m2 US$250,000
Marena Beach 2 bed apartment Ground floor 77m2 US$198,000
Marena Beach 1 bed apartment 2nd floor 46m2 US$135,000
Marena Beach 3 bed apartment 3 rd floor 145m2 US$245,000
Marena Beach 3 bed apartment 4 th floor Roof top
DESIGN AND BUILD AFFORDALE OPTION Cheaper than buying resale or from a project. Homes built to your life style requirements Custom build options with no limitations Structured payment plans that are interest free Instant capital gains if you decide to flip it Choice of location and price of land lots.
LT-Property Services We offer clients full services from our legally registered construction company Locating and securing the best deal on land and building lots. Full design and architect services, plans and fully itemised fixed price quotes. Legal building permits, permissions, taxes and workers insurance and pensions paid
What does it cost? An average 3 bed 3.5 bath house with an open plan design with swimming pool, laundry, technical/store rooms, gardens, terraces, covered car port, electronic entry gates. From US$250,000 including all fees Smaller houses of course cost less 2 beds from US$120,000
This house is our one of our latest build projects On a stunning ocean view lot of 3889m2 inside a gated community. Total cost all in to our client US$353,000
334.86m2 only US$250,000
421.50m32 US$288,254
526.29m2 US$385,650
635m2 US$480,000
Ocean View lot Coson 4280m2 US$98,000
Ocean View Lot gated community 2200m2 US$200,000
Ocean View lot gated community 5212m2 US$120,000
Ocean View lot gated community 4222m2 US$165,000
The property market in Las Terrenas has moved from being a negative market to a sellers market. Over the next 3 years this will be more evident as property availability becomes less and less. I know as I have lived here over 10 years The time to purchase is today if I had a US$1 for every client who said I wish I had of brought when I first looked I would be wealthy.
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