International Real Estate and Luxury Property Developers
Navigation : IPD
 
 

Dominican Republic Currency

Dominican Republic real estate

The Dominican Republic is the Caribbean region’s largest economy and biggest tourist destination. The Dominican Republic has over 9 million people with a fairly large landmass by the Caribbean standards of 48,072 sq km.

 
Translate this page:
Dominican Republic
PROPERTY FOR SALE
Dominican Republic
INVESTING
CURRENCY
BestPrice   Brochure   Mortgages   Consultant   BuyersGuides
 
Dominican Republic - Luxury Real Estate
 
map dominican republic
 

Buying a property abroad is often the realisation of a personal dream and probably represents one of the greatest expenses of your life. As part of the purchase process, you will inevitably need to transfer a sum of money via a currency exchange into another currency in order to pay for your property. This vital element of the purchase process - one that is often overlooked - can make a huge difference to the price, in sterling, that you will have to pay for your dream home.

Exchange rates change constantly and 10% fluctuations in a relatively short space of time are not uncommon. This could effectively increase, by 10% or more, the sterling amount that you will have to pay.

There are various organisations that can convert your sterling into whichever currency you need. Specialist currency dealers will normally offer you a better rate of exchange than your bank and provide a more personalised service.

If you ask your bank to send the money you should expect them to charge you for doing so. The local bank may also make a substantial charge for receiving the money. A reputable currency trader may well be able to reduce those overseas charges substantially by sending the money via a cheaper route.

Your currency can be delivered any time within two years at an exchange rate fixed at the time of purchase. This is called 'forward buying' and it will help you secure an exchange rate at an advantageous level even if you do not have all your sterling available to transfer at the time of purchase. Forward buying removes the risk of adverse currency movements that could lead to the currency value of your overseas property increasing between the time of signing and the contract and the actual payment.

 

 

Completed investment opportunities in the Dominican Republic - Luxury Golf and Spa Resort.

 
 

Capital: Santo Domingo

Government: Representative democracy

Currency: Dominican peso (DOP)

Area total: 48,730 km2
land: 48,380 km2
water: 350 km2

Population; 9,904,000 (2008 est.)

Language: Spanish

Religion: Roman Catholic 95%

Electricity: 110/60Hz (USA plug)

Calling Code: +1-809 +1-829

Internet TLD: .do

Time Zone: UTC/GMT -4 hours

 

     
 
Luxury Golf Resort Apartments

Under construction - approximately 1000 acres, golf, lake and beach resort
>> Contact us for details

Luxury Golf Resort Apartment

Under construction - approximately 1000 acres, golf, lake and beach resort
>> Contact us for details

Luxury Golf Resort Villas

Under construction - approximately 1000 acres, golf, lake and beach resort
>> Contact us for details

IPD offer luxury Dominican Republic resort property in key locations

We specialize in supplying investment and lifestyle properties for those looking to purchase property in key locations in the Dominican Republic . Luxurious Villas and apartments built to the very highest specification. Plots also available.

Our projects are suitable for investors looking for safety and luxury in a key investor market.

 
 
 
 
Retirement Communities
 
Contact IPD
 
 
© IPD Property Group | 2003 - 2012 | Disclaimer | Legal | Privacy Policy | Site last updated 5/19/2012
Bookmark and Share
Follow IPD