Puerto Rico is a United States territory, which means purchases are made under US law and in US dollars, though the market differs meaningfully from the mainland. The economy is driven by tourism, pharmaceuticals and manufacturing, healthcare, and government, and the territory offers tax incentive programs that have attracted relocating investors and businesses. Property rentals and short term rentals, such as vacation rentals, can be popular in San Juan and coastal municipalities due to strong year-round visitor traffic. Investors should carefully weigh hurricane exposure, insurance availability and cost, electrical grid reliability, and title and permitting practices that can differ from the mainland. When considering real estate investing in Puerto Rico, it is important to research local market conditions and do your due diligence before making any real estate investments.
