LT are you trying to say that the developers have taken there money and are now bailing out of JD
- Thread starter STEVE G.
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Juan Dolio - South Beach of the Caribbean !!!
LT are you trying to say that the developers have taken there money and are now bailing out of JD
Embassy was bought or was taken over by a Mexican guy, Costa del Sol buildings were taken over by Costa Caribe
I don't wanna say they're bailing out, don't think they ever had intentions of doing more than building and selling. They've put the infra structure it's now up to somebody else to do the promoting of the area.
well , i have an apartment in costa del sol ii , and as far as i know the management was changed from metro to the same people who are running marbella , costa del sol could not have been sold as it is a condo building and the apt are owned by the owners . As far as my opinion goes the management is doing alot better then metro was.
also my understanding as far as embassy suite is that it was bought , from metro , but that it lost the right to use the name embassy suites name due to metro not keeping up to hilton standards.
How has your experience been as an owner of costa del so 11, what are your thoughts on the future of Juan Dolio
i bought from metro many years ago , it has taken alot longer then i expected but i do see the changes for the better little by little , i own a couple of apartments and some lots in Juan Dolio and i believe it will get better , but i have to agree it is taking a lot longer then i expected . but i am in for the long haul.
I totally agree that it has improved the last 8 years.. I notice that the ones on this board who are the first to criticize ,offer no solutions. Furthermore, I also believe they have no skin in the game, otherwise no personal financial capital invested...:angry::angry::angry:
Sometimes development takes on different phases, and these pages show a lot of Radio Bemba commentary on the way things have been cultivated over time... clearly there is room for criticism in some respects, however at the same time the area has been a development site that continues to expand.
Look for 5th Phase Metro Country Club to break ground soon..another 780M square meters of residential development.
But what do I know anyway...
Look for 5th Phase Metro Country Club to break ground soon..another 780M square meters of residential development.
But what do I know anyway...
Pinewood Indomina Studios will be getting busy within the next 2 months and really busy before the end of the year.
Filming will start in earnest on the large tank before then.
Juan Dolio will get a jump start by next year, as the whole studio complex will be 100% in action by then. The second phase of the Studio complex kick-starts later on 2014 early 2015.
There's also a major Spanish Studio network doing another smaller Pinewood Indomina-like studio in the area of Juan Dolio.
They are awaiting clearing all the titles for the land before getting to moving earth there.
If you have property in Juan Dolio DON'T sell it! Keep it for the long haul!
Filming will start in earnest on the large tank before then.
Juan Dolio will get a jump start by next year, as the whole studio complex will be 100% in action by then. The second phase of the Studio complex kick-starts later on 2014 early 2015.
There's also a major Spanish Studio network doing another smaller Pinewood Indomina-like studio in the area of Juan Dolio.
They are awaiting clearing all the titles for the land before getting to moving earth there.
If you have property in Juan Dolio DON'T sell it! Keep it for the long haul!
Whats the going price for real estate in Juan Dolio
price per sq. mtr. for bare land as well with per sq. ft. of construction. Looking at properties within 300 meters of the beach not beach front as obviously far pricier.
If you catch a "must sell" property from a cash hungry land owner, very competitive prices. If you hit an "it will sell when it sells" property it could cost you an arm and a leg.
There's no market reference for RE in the DR. A property seating next to one sold just months ago for 20 milion pesos, might get sold for a few as 10 million if the owner needed liquidity fast. That's the state of things for the RE in the country.
It will take the better part of the next 8 to 10 years for a market driven RE pricing with a sound floor and ceiling in the DR. But the bad thing this will muster is that property will catch up to the Caribbean trend of extremely expensive RE pricing. RE in the DR as we know it today is prime grounds for long haul investors. Properties are under priced and the projections on population growth, coupled with an ongoing deficit of housing, will create a sellers market for a long time after the next decade.
Just to keep in perspective RE prices in the DR have considerably appreciated faster than the entire economic spectrum by more than 100% in the last decade alone. Imagine that with the lack of services and overall need for infrastructure improvements today and the ongoing changes as we witness now. In the next decade I can see with ease RE value jump over the 150% mark for the long haul here.
If I was to say what impact the new investments will create for Juan Dolio during that time, I'll have to say that Juan Dolio is not growing too slow, but too fast and trends haven't catch up to it as of yet. All that will change in the short to midterm, before it does elsewhere in the country.
The trend for metropolitan Santo Domingo is to buy small single family homes and waiting it out. SD is going to continue to push up, not sideways as historically was the case. The closer to the D.N. and Sea, the more ROI one will see there.Santiago is more about expansion, think large tracks of land, not existing homes.
Santiago is limited in vertical potential and can only seek to expand sideways. In this case, the farther from the chaos of the city, the more the value. Puerto Plata is bound to be 70% commercial and 30% residential. Just like Punta Cana, it will be always geared to tourism. Not a place you'll want to live unless you have to be on the beach 24/7.
Property in the hills will be the most coveted RE by the end of that decade there. Juan Dolio needs a local economy not focused into tourism but film, tv, arts and the entertainment industry in general. Pinewood will be corner stone of that economy, soon to be followed by the Spanish/local tv studios and related investments around electronic arts. Juan Dolio will be a pricey place to live at...
If I had to say where in the country RE will see a ROI of above 500% to over 3,0000%, it must be the entire border provinces. Barahona will be the new Punta Cana/La Romana of sorts.
I'm buying land in Hato Mayor del Rey and the whole Miches area as fast and title secured as I possibly can. This general area will have some pockets of activity that will make it worth the investments...
If you are an investor seeking short to midterm high ROI in the DR, buy single family homes in nice residential areas of Santiago, SD and Puerto Plata and be prepared financially to plant a nice 5+ story multi unit.
Build it as if you were the one to live there, all comforts you would want for your stay and you can more than make back your investment and a nice long term rental/upkeep income. Rental is the key for that type of investment, not selling.
I tend to keep away from beachfront property in the DR. It's like buying a WWII hand grenade... It's terrific to own and show off, but it can go nuclear in your hand at any given moment due to the gov's flip-flop policies on such property rights. Each new administration thinks they have the right formula to "fix' the RE rights and public access. Each time they make it worst for both sides.
Atop that the tax calculations on property are based on assessed value, changes on a gov's revenues need and this is the property type that most enhances in value when we talk RE overall in the country.
A pain in the arse to own, but if you can put up with the cons, great ROI short to long term. Not for me...
Pichardo, do you include Barahona as one of the aforementioned border areas that should realize big future RE gains or just that it will rival Punta Cana. When do you see it becoming a PC style attraction?
Both ways! RE will appreciate real good and long term the area will parallel PC in the type of tourism targeted.
It will be a major ROI on the long term. This area will give a run for its money to PC once development gets underway.
I have only driven through Barahona to date; I thought it was although beautiful scenic beaches, they were mostly pebble/rocky with dangerous waves. Would these type of beaches provide the tourist what they want where they can safely swim in white sand beaches like PC. I believe the Pedernales famoius beach has all this and more but quite an out of way trip with no decent road access. Tell me more on Barahona beaches please?
That can be easily fixed. People often forget (or simply don't know) that the Playa Dorada (golden beach) in Puerto Plata was named like that because its sand had a golden color. Today the Playa Dorada beach is a white sand beach and nature had little to do with the change. Long Beach in Puerto Plata is now white sand too as is the case in Juan Dolio, another beach that originally had a sort of golden color sand.
Did that Thermal water eco-holiday retreat in Canoa Barahona ever get final approval and start construction?