The real estate market of Cap Cana is booming, and that is not because it has beautiful beaches and luxury amenities. One contributing factor is its affordability compared to Western markets such as the U.S. and Europe. This is the reason why the Dominican Republic has become more and more attractive to buyers and investors due to its inexpensive lifestyle and exceptional investment returns.

Read on to discover why the DR is more affordable and what makes Cap Cana a fruitful investment destination for foreigners.

What Contributes to the Cost of Living in Cap Cana and Western Countries

Cost of living is a personal experience and varies from one person to another. It depends on your lifestyle, number of family members, housing preferences, and everyday choices. For instance, a student staying for a short while will spend considerably less than a family living long-term in a large house with private schooling and healthcare expenses. Even after considering all these factors, living in the Dominican Republic is still much more affordable than its counterparts.

Just to generalize a little, check out the data from Numbeo.

The daily cost of living in the Dominican Republic is 48.8% lower than in the U.S. (not including rent).

The total cost of living with rent is 58.1% lower than in the U.S.

Rent alone is a whopping 76.7% lower in the DR compared to the United States.

Top Factors That Affect the Affordability of Living in Cap Cana

Tourism Growth— High tourist traffic boosts infrastructure that keeps prices of Cap Cana properties competitive.
Low Taxes— Income taxes and property taxes are comparatively lower here.

Affordable services— Labor, maintenance, and daily services cost less than in the West.

In Conclusion
So, do you want to grab the opportunity of investing in real estate in Cap Cana and enjoy a beautiful and affordable lifestyle? Then get in touch with Coldwell Banker Prime Realty today and find the perfect apartment, villa, or condo in Cap Cana that meets your budget and lifestyle needs.