ok, i'm looking to buy a lot in santo domingo to someday build a house on, i want one in la julia which is right next to zona universitaria, but....THESE THINGS ARE EXPENSIVE!!!!!!!!!!!!! what do they think this is dubai? look at this link...they want 1,100,000 DOLLARS for a lot 1,155 m2 lot i saw another thats 490m2 in the same area for over 15,000,000 pesos. is this some kind of a sick joke or what? can i not find a decent sized lot in a good area of santo domingo ( zona universitaria, gazcue, colonial, etc) for less than 30k US? i dont know anything about this sort of thing here's the link TERRENO EN LA JULIA DN 10109 SANTO DOMINGO, REPUBLICA DOMINICANA
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outrageous lot prices in santo domingo
Its a lot of money when you dont have them. Good luck finding a lot in SD, please keep us updated.
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All the areas that you are looking in are selling the land for building condos! The population is growing... so the prices are geared to a 4 story or higher construction with the subsequent return on investment.
if you want a single family house.. then you had best buy a single family house...
and 30k? hard to find anything for that-- maybe Bonao? or a suburb or Santiago... OR the otro lado... which is indeed up and coming
try looking at alma rosa or la italia... you might find something there...
You absolutely will not find a lot for $30k in any of those areas. You're looking at $300k entry level because as Mountain Annie pointed out all those land pwners believe they'll sell to a developer who'll build condos and thus will pay their price.
I'd skip "Alquiel lado" altogether and look North, between km's 9-20 on the Duarte. That's the next nice patch of urban sprawl in Santo Domingo imo. You should be able to find 500m2 for about 30k and then build.
I'd skip "Alquiel lado" altogether and look North, between km's 9-20 on the Duarte. That's the next nice patch of urban sprawl in Santo Domingo imo. You should be able to find 500m2 for about 30k and then build.
I remember seeing a lot in Sosua that was no more than 30m x 50m for sale for $250,000. To try to get four times that amount for a lot in SD doesn't seem unreasonable. It really isn't a question of if the lot will be worth that much, but when.
Perfect example of a clueless gringo in Santo Domingo, La Julia is a nice sector which gained a lot in value when one of it's residents won the DR's Presidency.
Try Ciudad Modelo in Santo Domingo Norte. They have lots in this price range. The project was originally started to be self-sufficient, with their own water and power, etc. to overcome the city's shortcomings. Also close to the new airport. It will be built out someday, maybe when you are ready to build your house.
I took a look at that ad for La Julia, it's a house to be demolished. The house my husband's mother owns is in the same situation and not far from there - a simple house built in the 60s, needs work, 5 bedrooms, 2 baths, nothing special. What IS special is the land it sits on, and its location in what has become a very commercial spot just steps from Winston Churchill [called Jimenez Moya at the southern end]. It's appraised at 22-25 million pesos. When it is sold, the house will undoubtedly come down, and in its place will be either a high rise or it will become part of the commercial corner next door that was just sold. Interested buyers frequently come and knock on her door. No, there is no 'se vende' sign there. If it was anywhere else no one would be interested in it. Of course, some of them hope the old woman who answers the door doesn't know what the place is worth:ermm: Several offers have been made. The corner that it is on is well known - when I met my husband back in '75 wide, deep, grassy fields were across the street, boy is that different now. Location, location, location is true worldwide.
Since I myself am looking for a property in SD, I sympathize with the OP. Hopefully for us both, prices will soften.
AE
Since I myself am looking for a property in SD, I sympathize with the OP. Hopefully for us both, prices will soften.
AE
Could be, but there's also the truth in it. Santo Domingo real state is really expensive, specially in good areas.
Very much so. Some people might say that the point of this forum is to help out the "clueless gringos," not to be abusive and condescending when they see something that does not make sense at face value.
In SD if they're asking 60K then 30k might be about right, lol. Like El Forestero said Ciudad Modelo is in that price range.
I'm selling 2 lots myself, bought 9 years ago, in ciudad modelo second stage. 780 square meters with a big blocks fence and two entries. I'm selling it because it's not livable yet and i need to buy a condo this year. May be interesting for someone all right with waiting a couple, or more or less, years to start building.
Yes it is crazy.
But then again, in Puerto Plata, along the Malecon, "they" are asking $300+/m2. Haven't sold much thou. I know that's no way near what "Sirena" paid, even thou some sellers will swear to know otherwise.
Then again, it has been my experience that prime land and real estate in main cities of 3rd world countries do command 1st world city prices. Almost 20 years ago, I knew people renting pent houses in Guayaquil (EC) for over US$4000.oo/month. That even seemed almost "fair" even when they often didn't get water pressure up in those apartments, when Lima in these years listed as one of the worlds most expensive cities, for some reasons beyond my comprehension.
Effectively, commercial land can only be worth what it can produce. One has to wonder then, what the heck super commerce or industry they have around there.
SD "Polygono" sector has seen some unprecedented "interest". Some new apartment towers offering homes close around the million USD with maintenance fees often in between US$ 600 and a 1000 or even more! You have to wonder, who is making the money to afford an apartment in these prices and still wanting to stay in a 3rd world city with all the security issues and shaky infrastructure.
I am currently in Florida for another week. Miami is FULL of Brazilians. More or less rich ones. Know what they do? They just ENJOY taking a walk along A1A (the beach road) feeling safe. Coming from Rio or SP where they have to bring their kids to school with a body guard escort, who can blame them really. No comparing to SD implied, which is still quite peaceful but... you get the picture.
Short, just like with big plasma TV's and the sort of luxury stuff, a nice, relatively secure and productive spot, in a 3rd world country it's a luxury, supplies are limited so prices are at times beyond comparison and often even the logic of numbers.
... J-D.
But then again, in Puerto Plata, along the Malecon, "they" are asking $300+/m2. Haven't sold much thou. I know that's no way near what "Sirena" paid, even thou some sellers will swear to know otherwise.
Then again, it has been my experience that prime land and real estate in main cities of 3rd world countries do command 1st world city prices. Almost 20 years ago, I knew people renting pent houses in Guayaquil (EC) for over US$4000.oo/month. That even seemed almost "fair" even when they often didn't get water pressure up in those apartments, when Lima in these years listed as one of the worlds most expensive cities, for some reasons beyond my comprehension.
Effectively, commercial land can only be worth what it can produce. One has to wonder then, what the heck super commerce or industry they have around there.
SD "Polygono" sector has seen some unprecedented "interest". Some new apartment towers offering homes close around the million USD with maintenance fees often in between US$ 600 and a 1000 or even more! You have to wonder, who is making the money to afford an apartment in these prices and still wanting to stay in a 3rd world city with all the security issues and shaky infrastructure.
I am currently in Florida for another week. Miami is FULL of Brazilians. More or less rich ones. Know what they do? They just ENJOY taking a walk along A1A (the beach road) feeling safe. Coming from Rio or SP where they have to bring their kids to school with a body guard escort, who can blame them really. No comparing to SD implied, which is still quite peaceful but... you get the picture.
Short, just like with big plasma TV's and the sort of luxury stuff, a nice, relatively secure and productive spot, in a 3rd world country it's a luxury, supplies are limited so prices are at times beyond comparison and often even the logic of numbers.
... J-D.
Cuesta Brava, eh? Couple minutes from the centre of the city?
Do you travel by helicopter?
I'm sure its a great place, but FAR from the action
Do you travel by helicopter?
I'm sure its a great place, but FAR from the action