Real estate for Air BNB attracts more and more interest from young people

For the specialist in the real estate sector, Gisselle Ventura, an investment in the future that is attracting many young Dominicans are real estate properties for rent on platforms like AIRBNB.

According to Ventura, this niche is encouraged to invest in the local tourism sector due to the double condition it generates, since beyond making economic profit through renting on digital platforms, it also serves as a second home in a tourist area for family enjoyment.

According to the expert, the market has become very dynamic more nowadays in relation to past years, where cycles of low, medium and high season were seen, of people renting their tourist properties on digital platforms. “However, this last year has always been high season,” he points out.

Ventura points out that an added value that these properties have published on digital platforms is that it motivates people to leave their house or apartment and get to know the attractions of the town where they are, also representing an opportunity for nearby restaurants and businesses and generating indirect jobs.

“It is incredible what is happening in areas like Punta Cana, Bayahibe and Las Terrenas, where you go to look for apartments that are rented on these platforms with two and three months of occupancy in advance and they are already sold out. It’s nice that this is also happening in Puerto Plata, an area that is having a great local and international boom,” says Ventura, who is also CEO of the agency Offer Inmobiliaria RD.

tax measures

According to the tax regulation for rent on digital platforms such as AIRBNB, Ventura expresses that these actions taken demonstrate the strength that this type of tourist real estate business has gained.

In addition, it states that with greater regulation there will be a validation that users are effectively renting a property with all the conditions that guarantee that quality is being offered to tourists.

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“This is going to serve as a filter for investors to provide a higher level of service to tourists. We see this as very positive. On the investor’s side, as long as it is the same for everyone, it will not affect them. AIRBNB manages about 70% of the apartments that are as rooms on the platform, as long as they are all regulated, it does not have to harm”, Ventura clarifies.

real estate fairs

Given the boom that the rentals by certified digital platformsReal Estate Offer, the agency that Ventura directs, is organizing fairs so that more young people and interested people can select the house, villa or apartment that will help them get started in tourism investment.

The most recent fair held by Real Estate Offer It was between August 19 and 21 in Punta Cana, which represented an opportunity to mobilize foreign capital in the local tourism sector and where about 28 construction companies participated with 40 projects.

Ventura points out that, in these meetings95% of customers are people residing abroad, from the United States, Canada and Puerto Rico, a very assiduous public to buy the properties offered. 5% are Dominicans residing in the country or abroad.

“At Expo Inversiones Punta Cana 2022 there were very happy faces. We were reimbursing the cost of the flights to those who came from abroad as long as they did not exceed US$1,500 and to those who did not have time to come, we give them the facility so that they can do so later. We broke records with this fair. Next year we will return with a bigger fair”, he pointed out.

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