Investment properties in Dominican Republic – Puerto Plata is buoyant
Last Updated: January 18, 2014
|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.|
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.