Did the housing market went down a little in Sosua,if yes about by how much? Is the housing market follow closely the USA/Europe economy? What are the expectations and the projections for the next 3 years?
No it didnt go down- I predict a rise in the next three years. People tend to put the prices up if they dont sell them quickly
A person needs money, needs to sell, puts his house on sale for $100 000, there is no interest for this price and he increases the price up to $110 000 ? Did I understand correct? Or I misunderstood something?
Very interesting.
Not sure there is any reasoning behind the price of homes here. It's not like it gets appraised by a bank or a real estate sales rep. I think sellers just come up with a price and if you buy it you buy it. If it doesn't sell then it sits on the market. Just my idea based on what I've seen.
This is also true, I know of someone who bought a property for $150k from an asking price of $225. He put $50k into it and it is listed at $400k.
No offers in the last year however!
Did the housing market went down a little in Sosua,if yes about by how much? Is the housing market follow closely the USA/Europe economy? What are the expectations and the projections for the next 3 years?
so in conclusion ...if you are waiting for property prices to come down before you buy you may miss the boat...like I did in spain
This is the best thread I've yet found that deals with the price of real estate in the DR (offered price vs sale price). I guess the sentiment is that most realty in the DR appears overpriced due to owners simply testing their bait on wide-eyed tourists.
I wonder. Do the prices of real estate tend to be more accurate in community developments (versus non-community sales)?
I'm used to the US market where one can assume a percentage of the price goes to the real estate agent (4-8%) and then from there you can safely offer 10-20% less the asking price (assuming no repairs or otherwise abnormal maintenance is needed).
Is there a way to acquire the sale prices of recently sold real estate in DR? This would seem to be the best indicator to me of what property is selling for in different areas.
I'm chiefly interested in the North Coast and Jarabacoa.
...
Yes, where can you still get a property next to the beaches... but where else too do you see "luxury" real estate with dirt roads and other amenities issues?... J-D.