Five reasons to retire to the Dominican Republic

There are many reasons why the Dominican Republic is listed among the world’s top places in which to retire.

For instance, it is included in a Forbes article aimed at United States seniors, highlighting six great places where you could retire right now.

Forbes says, “As the world begins to come out the other side of the pandemic crisis of the past year-and-a-half, some of the most appealing options for living and retiring overseas are open for business.

“One of the most affordable and most diverse Caribbean lifestyle options, the Dominican Republic is working hard to re-attract the attention of American retirees.”

Luxury resort homes in the top tourism town of Punta Cana from leading developer Noval Properties are ideal for retirees, as they are on prime sites by the water, golf course or beach and within easy reach of essential amenities.

Here are more benefits of retirement living in deluxe Noval Properties resorts in the Dominican Republic.

Affordability

Retirees can live in luxury for less in the Dominican Republic. It is around 40% more affordable to live in the Dominican Republic than in the United States, says the Numbeo website. Integral to that is the relatively low cost of real estate. For instance, retirees can buy one-bedroom condos in Noval Properties’ new waterside community from just US$159,000 and enjoy CONFOTUR LAW-158-01 tax exemptions, including 1% of annual real estate tax for 15 years and 3% property transfer tax. Another popular waterfront community for retirees is the new Ocean Bay resort on Bavaro Beach. One-bed apartments start from only US$229,000, two-bedroom condos from US$384,000 and premium three-bed oceanfront private rooftop penthouses from US$858,000. In addition, Ocean Bay buyers benefit from a special offer, by receiving free membership of Third Home, an international second-home community, allowing them to trade time for stays in luxury property around the world.

Living the Caribbean Dream

Punta Cana is the “perfect tropical paradise” for retirees. But don’t just take our word for it. Hear from Noval Properties homeowners, Katherine and Charles, about the laid-back lifestyle that seniors can enjoy while living the Caribbean Dream. Katherine explains, “We decided to look for a warm, safe and quiet place that would allow us to relax and where we could invite our family and friends to come and visit us. We love swimming and socialising at the clubhouse pool as well as many other activities in the community, such as golf, paddle tennis and taking advantage of the many culinary options in the area. Charles says they are living the Caribbean dream whilst enjoying strong investment solutions. “We are a professional, semi-retired couple who want to secure our long-term savings in a profitable project that maintains its value over time. We plan to retire in the near future and that is why we decided to invest in Noval Properties, where we can live the Caribbean dream.”