My family has always been involved in residential real estate-single family homes in middle class neighborhoods in large Sun Belt suburbs. I have done the same here in Tampa. Unlike my family, I do not hold my properties indefinitely. I sell when I believe their rental and market values have maxed out, and I try to do it while everybody else is buying.
I have sold most of my properties in the last 9 months. There is no doubt the market here in FL (and elsewhere, for that matter) is flat and declining as the price of oil and fuel trickles down through the economy, slowing it down, and redirecting the utilization of personal income.
I'm *guessing* there may be some significant buying opportunities in the 12-24 month time frames.
I do not keep track of the Canadian or European economies that much. I suspect they are under the same economic pressure driven by the cost of fuel, perhaps to a slightly lesser extent, as here.
I also understand that Europeans, Canadians and Americans are primarily responsible for the strong run-up of real estate values in the DR the last 24+ months.
I'd like to solicit some opinions from the braintrust on this forum about what you think the future value of the vacant land (for non-resort development), single family home and villa markets might be in the next 24-36 months.
To what extent do you think a slowing world economy (that I think will happen) will have on the supply/demand (and thus pricing) of "good" Dominican real estate?
I have sold most of my properties in the last 9 months. There is no doubt the market here in FL (and elsewhere, for that matter) is flat and declining as the price of oil and fuel trickles down through the economy, slowing it down, and redirecting the utilization of personal income.
I'm *guessing* there may be some significant buying opportunities in the 12-24 month time frames.
I do not keep track of the Canadian or European economies that much. I suspect they are under the same economic pressure driven by the cost of fuel, perhaps to a slightly lesser extent, as here.
I also understand that Europeans, Canadians and Americans are primarily responsible for the strong run-up of real estate values in the DR the last 24+ months.
I'd like to solicit some opinions from the braintrust on this forum about what you think the future value of the vacant land (for non-resort development), single family home and villa markets might be in the next 24-36 months.
To what extent do you think a slowing world economy (that I think will happen) will have on the supply/demand (and thus pricing) of "good" Dominican real estate?