Low Cost Of Entry And Double-Digit Yields On This White-Sand Coast—My Current Favorite Buy In The Caribbean
Plus: A Good Choice For Pacific Beachfront
March 17, 2015
Las Terrenas, Dominican Republic
Dear Overseas Property Alert Reader,
My first insight into the current opportunity for rental yield in the Dominican Republic coastal town of Las Terennas came when I tried to book a hotel for my visit a few weeks ago. I was traveling to the island during Carnaval but had confirmed with contacts on the ground that Carnaval isn’t anything near as big a deal in the D.R. as it is in Brazil or even Panama.
Still, I had to spend the weekend in capital city Santo Domingo because I couldn’t find an available room anywhere in Las Terrenas. Finding a place in Las Terrenas for the rest of the week was a challenge.
I was traveling during high season, but I’ve heard similar stories from others. Bottom line, the supply of rentals (both long- and short-term) hasn’t kept up with demand in this resort town on the country’s northeast coast.
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