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Jan 18, 2014

Investment properties in Dominican Republic Puerto Plata is buoyant


Last Updated: Jan. 18, 2014
PUERTO PLATA - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
40 sq. m. 44,880 n.a. n.a. 1,122 n.a.
75 sq. m. 80,400 n.a. n.a. 1,072 n.a.
120 sq. m. 197,040 n.a. n.a. 1,642 n.a.
200 sq. m. 407,600 n.a. n.a. 2,038 n.a.
PUERTO PLATA - Houses
120 sq. m. 175,200 n.a. n.a. 1,460 n.a.
200 sq. m. 298,800 n.a. n.a. 1,494 n.a.
450 sq. m. 660,600 n.a. n.a. 1,468 n.a.
Districts researched:
Puerto Plata Province: San Felipe de Puerto Plata and Sosua, which inlcudes Cabarete. Beach area of Costambar is also included.
Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule

Average apartment prices in Puerto Plata have increased by a whopping 23%, according to the latest Global Property Guide survey. Bigger apartments showed the highest price appreciation. Last year, a 200 square metre (sq. m) apartment cost around US$2,042 per sq. m. This figure has jumped by 19% and now it costs around US$2,426 per sq. m to buy a 200-sq. m apartment in upscale neighborhoods of Puerto Plata, like Sosua.

The same trend is evident for house prices in Puerto Plata, though the price appreciation is not that high. Last year, the average house price in Puerto Plata was US$1,578 per sq. m. This has slightly increased to US$1,689 per sq. m. now.






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