- Thread starter MickA
- Start date
Property in Santo Domingo
They have steadily increased over the past few years. I'm sure you could still pick up a bargain, just need to do the leg work and pound the streets. I know a couple of people that have brought floors in old buildings in the last couple of months with the intention of sub-dividing them into apartments. I'm sure they will do very well 
What are you looking for?
What are you looking for?
Well I've seen a 1 bed casita with living room on the ground floor & bedroom above on at ?30,000. It's immediately usable, although one would want to have the kitchen and bathroom done fairly quickly. It's in the zona colonial close to Independence Square.
I've only seen 3, so I don't want to leap in feet first, but your comments are interesting. I am serious about doing this, and the strength of the ? against the $ seems to make it a good time to do it.
I have the cash in a UK account paying about 5%, so if the capital appreciation is above this, I have an insurance policy against not being able to get over or not being able to rent it.
I've only seen 3, so I don't want to leap in feet first, but your comments are interesting. I am serious about doing this, and the strength of the ? against the $ seems to make it a good time to do it.
I have the cash in a UK account paying about 5%, so if the capital appreciation is above this, I have an insurance policy against not being able to get over or not being able to rent it.
The other thing to consider are the good and bad locations of the Colonial Zone. What areas have blackouts, low water supply, no parking, what areas have no street lighting etc etc.
The only people I have seen do very well in the Colonial Zone are those that took the time to walk the streets, network and find out what's going etc.
The only people I have seen do very well in the Colonial Zone are those that took the time to walk the streets, network and find out what's going etc.
I have spent about a week making enquiries, and have another trip planned. What I've found is that smaller properties appear to be a bit thin on the ground.
No-one know the future, but would 5% be a reasonable figure for capital appreciation over the last few years?
Thanks for your comments by the way.
No-one know the future, but would 5% be a reasonable figure for capital appreciation over the last few years?
Thanks for your comments by the way.
Hello:
I am new this site, my name is Sue, from Canada.
My Aunt and a few of our family friends love to retire to Dominican Republic but we are amazed to find out how high the reals estate market is there: you can buy a nice place in many parts of Canada much cheaper than that. We are wondering as how Dominicians can afford those prices?
I am new this site, my name is Sue, from Canada.
My Aunt and a few of our family friends love to retire to Dominican Republic but we are amazed to find out how high the reals estate market is there: you can buy a nice place in many parts of Canada much cheaper than that. We are wondering as how Dominicians can afford those prices?