Kim Beddall told me in a phone conversation last night that property prices are escalating in Samana. Not just waterfront and ocean-view property, but even rural property without road access. She is thinking about buying a small finca (farm) and was amazed how much more expensive property is than a year ago.
There are two reasons, she said:
1. People are speculating in the belief the highway between Samana and Santo Domingo will be completed.
2. Given the sharp decline in the value of the peso and the uncertainty about the future, people are investing in land.
She said it is not just area people who are snapping up the land, but people from all over the DR. Also foreign investors.
There are two reasons, she said:
1. People are speculating in the belief the highway between Samana and Santo Domingo will be completed.
2. Given the sharp decline in the value of the peso and the uncertainty about the future, people are investing in land.
She said it is not just area people who are snapping up the land, but people from all over the DR. Also foreign investors.