When looking in Punta Cana at New Villas or condos there is a law that applies...the CONFOTUR Law No.158-01 which is "Promotion of Tourism". The law is aimed at projects in tourist real estate destinations in order to encourage tourism in the area. The law saves the buyer the 3% Transfer Tax (3% of value of property) and if spending over approx $148,000US it saves you the 1% property tax for period of 15 years, under $148,000US (approx) property is tax exempt. My question is why don't I see this incentive listed in any new construction communitee listings when looking at the North Coast real estate?