According to DR1 travel News there was supposed to be an episode of CNBCs On the Money tonight ref real estate and the DR. Watched the show but nothing on DR. Anyone have an idea when this episode is supposed to air? Thanks tom
DR goes prime time[FONT=Verdana, Arial]
The Dominican Republic's luxury resort and residential tourism developments will be featured in an investment story scheduled to air at 7pm this Monday on NBC's On the Money program. Correspondent Kerry Sanders toured several of the Dominican Republic's leading luxury residential developments to produce the report. The NBC crew visited Puerto Plata (Velero in Cabarete), Cabrera, Casa de Campo in La Romana and Cap Cana and Roco Ki Westin in the Punta Cana area. Producer Nery Ynclan said they also visited a Haitian village where women wash clothes in the river to show that the DR is "a country of contrasts."
The Ministry of Tourism provided a guided tour, but NBC producer Nery Ynclan clarified that it was a NBC story. "It's completely a news story on the boom in American investing and construction on the island," she explained. She reports that interviewer Kerry Sanders was so enamored that he's in touch with a realtor about buying some land and that she herself would be returning to a villa on the north coast with her family in the spring.[/FONT]
Producer Nery Ynclan said they also visited a Haitian village where women wash clothes in the river to show that the DR is "a country of contrasts."
The Ministry of Tourism provided a guided tour, but NBC producer Nery Ynclan clarified that it was a NBC story. "It's completely a news story on the boom in American investing and construction on the island," she explained. She reports that interviewer Kerry Sanders was so enamored that he's in touch with a realtor about buying some land and that she herself would be returning to a villa on the north coast with her family in the spring.
twhitehead said:Very impressive report. All very positive. Some BIG BIG numbers in sales. Future looks bright for DR:classic:
gary short said:It's going to drive prices through the roof.....for everything. How is this good.....unless of coarse you're business is shleping brewskis on the beach......and if you're in real estate you can start polishing up your cheezy grin...
twhitehead said:Good for the economy. Good for the locals (eventually). Good for those who already own. Good for tourism. All positive for the DR as a whole. If the report had been all negative would that have been better??? Tom
gary short said:How are prices for everything increasing going to help the rank and file. I guess I better unbusy myself and get the hell down there and buy.
This should be a seperate thread.gary short said:Here's what may happen .....price inflation, a given........real estate speculation for sure......the rank and file moving from the countryside to slum like conditions in order to gain employment for poverty wages. A population fed up with liberal foreign property ownership laws......you see where this may go...better to be under the radar screen.