All this is driven by people with too much play money, or those who are buying tropical dream escapes for inflated gringo prices.
Not to forget high USD monthly maintenance and little control over your property with local HOA and DR laws.
Including absent foreign owners, rentals and local management.
Xanadu development in Playa Dorada with small apartments and high costs is another example.
Go have a look.
As long as gringos are willing to pay inflated prices, in relation to world market, location and available infrastructure,
They will continue to build and market.
Look at Wyndy's post #111
Jammed in beach front, just walk along Cabarete beach to see properties too close to the ocean.
See the erosion of older buildings too close to the ocean.
Problems of your electronics and furnishings with exposure to salt air and high humidity.
Those building need constant costly maintenance, to keep up value and infrastructure.
Not to forget property taxes.
The climate in the DR is harsh, with heat, humidity, insects, high cost of electricity, water scarcity and bad roads.
Plenty of highly desirable properties 400K to one mil available.
Buy, buy, buy........
For my money I choose a different country with value for my money, ROI, solid laws and infrastructure.
Sunshine and beaches are available in many locations on this planet.
Calculate your flight time and availability on a comfy business class seat, which anyone who buys for 400K to one mil can easily afford.
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