a year ago they were asking different price i hope prices havent appreciated that much . my ny boricua pr friends tel me i am a psycho to even think of retiring in republica dominicana it is such thid world country . my personal experience dr has much more to offer definitely less crime and drogas
but I'm assuming the Costa del Sol project is the one being built by the concerns that own Los Marlins up in the Villas del Mar part of Juan Dolio, next to the former Metro Hotel & Marina (or is it the former Metro Hotel and Marina conversion to dcondo project??).
Anyway you;ll find the $225,000 asking price about par for the developments in the area.
Personally I think it's a little high (result of the influx of Americans into the island) but that is the going price in the area!
Glad I bought my condo 15 years ago when prices were more realistic (altho' much higher than those on the north coast)!
as an investment property would it be easy to rent out and at what rate for a so called luxury resort i know it is close to boca chica and santo domingo would it be able to compete with hamaca at boca chica :beard:
the pictures on the brochures look like south beach style. planner does it look.anything like that and what daily rate would you rent it out. planner i hear there is alot of activity in that area i wonder if you have any insight as to the reasons. could it be the drcafta agreement or that dominican beach front property is cheap relative to the ripoff southbeach florida prices
Well I think it looks quite a bit like the brochure but they are still doing finishing. I will be down there next week and check it out again.
Why are the prices going up? I think it is all about supply and demand and perceived value! There is only so much beach front property in the caribbean. It isn't just about this island. And as more and more people want to purchase the dream = beachfront in paradise = the prices go up! As well that area is very nice, close to the capital, easy access, nice beach, good construction......
I do know of several other projects as well that are doing good.
Yes all prices are relative. We are very cheap compared to south beach.......... and other islands. Antigua is completely out of line now. Bahamas etc, same story.