Low. Some re-sales are still set high but can be had for much less (sometimes). Builders of new construction (gated communities) have not raised prices much in quite awhile.
There are deals to be had if you look hard enough.
.............What the property is worth is really based on what other comparable properties have sold for in the same area...........Good luck.
And IMHO, that right there is the big problem with buying RE here....very difficult to actually get "comparables". Plus there does not appear to be any type of central MLS (multiple listing service). Oftentimes you will see the same property listed with different brokers for DIFFERENT list prices. Crazy!
The standard advice seems to be "rent here awhile before you buy". (And that's good advice for all sorts of reasons).
Good luck with whatever you decide.
And IMHO, that right there is the big problem with buying RE here....very difficult to actually get "comparables". Plus there does not appear to be any type of central MLS (multiple listing service). Oftentimes you will see the same property listed with different brokers for DIFFERENT list prices. Crazy!
The standard advice seems to be "rent here awhile before you buy". (And that's good advice for all sorts of reasons).
Good luck with whatever you decide.
Do you think the prices of condos or houses are at a low or high?
Do you believe there would be a profit in future if one purchases now? For example in Sosua or Cabarete...
Just curious...
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Honestly speaking....this is my advice
if i had to do it all again after buying real estate here.
1/ use Guzmans
2/ trust nobody
3/ Do not do business with any national period. PERIOD
4/ Do not expect any national to hold up his end of the bargain /contract
5/ Invest what you can afford to lose.
6/ Do not believe you will win in court, if you are scammed. YOU WONT. Don't trust your lawyer unless its Guzmans
7/ Do not do business here
8/ rent here, and keep your money safe in your country of origin.
9/ Never believe you can flip homes here, you cant
10/ Do not let a national move into your house under any circumstances
11/ Do plan to keep the house until your death
12/ Do plan to actively use your home or rent it... because you sure as hell wont sell it.
13/ Do deslinde it and fence it ...fencing here actually means something.
My 2 cents
In short...Dont f!@king bother. This country is far far to dangerous to engage in business safely.
When one says Guzmans, I am assuming Guzman Ariza.
These lawyers are always recommended.
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