The US real estate bubble blows out with a big bang the last months. The buildings of private houses crashes since around one year. The old FED-Pr?sident Mr Greenspan said 2 times in the last weeks that he fears also an economic recession.
In the area of Cabarete also are many signs for a Condominium-bubble:
1. The last 1 or 2 Jahr were built around 5 times more Condos than the hole 10 years before.
2. On around every second corner starts a new Condo-project.
3. Around 99% of all new buildings are Condos.
4. The prices have grown around 4-5 time higher then before 10 years and are for an developing country of the lower level like the D.R. very high.
5. Many speculators are in the market and buying with credits, the think they can make the fast money.
6. Cabarete has now more real estate brokers then supermarkets
7. Many Investors think that they can rent the Condos easy on the other side big hotels like the Barcelo are closing and were distroyed because the have no guests.
For me the question is only when the bubble blows out.
In the area of Cabarete also are many signs for a Condominium-bubble:
1. The last 1 or 2 Jahr were built around 5 times more Condos than the hole 10 years before.
2. On around every second corner starts a new Condo-project.
3. Around 99% of all new buildings are Condos.
4. The prices have grown around 4-5 time higher then before 10 years and are for an developing country of the lower level like the D.R. very high.
5. Many speculators are in the market and buying with credits, the think they can make the fast money.
6. Cabarete has now more real estate brokers then supermarkets
7. Many Investors think that they can rent the Condos easy on the other side big hotels like the Barcelo are closing and were distroyed because the have no guests.
For me the question is only when the bubble blows out.