Kemo - am interested in your Cap Cana property. Green Village was it? Is it a full triplex or a partial?? How much???
Kemo - am interested in your Cap Cana property. Green Village was it? Is it a full triplex or a partial?? How much???
Just spent the past few days looking at and researching the luxury real estate on the east coast (Punta Cana / Bavaro). The market is doing exceptionally well and they are selling. Spent lots of time with sales people, locals and generally getting a feel for what's moving and who is saying what.
The quality of the product by Cap Cana, Punta Cana, Roco Ki etc is exceptional.
The Punta Cana / Bavaro region should be declared as a different country, it's so different from many other parts of the DR In 5 years, I have no doubt it will be one of the premier destinations this side of the world.
Robert--I seem to recall that Bavaro had its own grid(?) providing power 24/7. True? What about the surrounding areas?
Is this part of the attraction for investment or are there other attributes worth mentioning that make it stand apart from the reat of the DR?
Rob, any indication about Trump pulling out of Cap Cana?
So you call bullsh?t on those suggesting otherwise?
March 26, 2008 (Dominican Republic) ? In a special visit to Cap Cana, Punta Cana?s premier luxury resort and real estate community, Donald J. Trump held a press conference to highlight the many recent developments in his Trump at Cap Cana project, announcing a new condo hotel, beach club and world-class golf courses on site.
My experience despite some Public relation comments you will received in this Forum that everything smells like roses is that the Market is slowing down considerably. Casa de Campo is very slow and prices have fell 10% or so, but in general values in Casa de campo are staying their ground. There are allot of owners in Casa de Campo from the U.S specially from South Florida where the housing recession is hitting the hardest and you may run into people that are desperate to sell but generally is slow but there is no crisis and Casa de Campo is very stable in the long term. Cap Cana prices are very Inflated????? there allot of resales that cannot simply sale. Lately what is occurring in Cap Cana that allot of people that have economic difficulty and cannot sale their options are just simply walking away and letting the project keep their deposits. Cap Cana has allot of Investment project so it is the biggest development in the D.R but there is allot to go and the economic situation hitting banks all over the world is having negative impacts in Cap Cana. In regards to Punta Cana resort or grupo Punta Cana this is the most stable financial group in Punta cana they own the Airport and they are getting incredible revenues from it as well as the Punta Cana Resort community is smaller and very exclusive and even thou sales are slow allot of wealthy americans and europeans are still investing in the Punta cana resort. Roco Ki sales are very sluggish but the hotel and group investment are very sound but they are not having Cap Cana fall out of people dropping out of their investment because they can sale or transfer their option, but new sales are slow like Casa de Campo and Cap Cana. Allot of the smaller developments in Bavaro are struggling you will see allot of construction sites with few or no workers this low end developments are private investment mainly from Miami Base investors suffering the credit crunch. I Invested in Cap Cana sometimes my negative and realistic comments contradict a group of Dominicans that simply feel i am just talking bad about their country instead of looking at the reality of the situation you will have some forummers post allot of Periodicals and magazine articles that are simply P.R they themselves have never been investor anywhere they just simply like to hide the dirt under the rug. One thing that you have to understand in the D.R is that Newspapers, Magazines, tv and Government work together in an effort to control any negative or truthful press that may hurt the Touristic economic development of the Island. You will never get full disclosure from magazines,tv or Periodicals you will simply get marketing and more marketing...
I have been looking around the world for a nice warm climat with a beach view ,and so far the DR is the most expensive by far.
There is a tv cable show in the USA call " what can I get for $300 K" ,You will be suprise how much of a house you can get for1/4 mill around the world.
I founded that the houses in the DR are at least %30 to %40 over price ,and the housing market has nothing to stand on (all the price hike) is based on nothing:Not demand and supply ,not on the economy, just standing on thin air?
With the world economy crisis , the DR is becoming out of reach to a ton of peoples and will isolate it self if there is not a price coorection in the housing market?
Barbados,st Lucia,costa rica ,Mexico,Cuba..etc offers so much those day for your buck and are competing very hard with the DR to attrack new investor and residents!
TO RETIRE in the DR and live a high midle class life you need a minimum of $ USA 600 k cash.(not counting your IRA AND FUTURE social security).How many people could cash out their estate with no left debt and that cind of money $. not much?
All that said ,because of my buisness I DO OWN A LOCATION IN THe DR!!! ha!ha!
I love the DR with all my heart(perssonel reasons) and will stay there no matter what ,even if i was the last one standing !love of the people is a powerfull things?
I guess you weren't that far off
My experience despite some Public relation comments you will received in this Forum that everything smells like roses is that the Market is slowing down considerably. Casa de Campo is very slow and prices have fell 10% or so, but in general values in Casa de campo are staying their ground. There are allot of owners in Casa de Campo from the U.S specially from South Florida where the housing recession is hitting the hardest and you may run into people that are desperate to sell but generally is slow but there is no crisis and Casa de Campo is very stable in the long term. Cap Cana prices are very Inflated????? there allot of resales that cannot simply sale. Lately what is occurring in Cap Cana that allot of people that have economic difficulty and cannot sale their options are just simply walking away and letting the project keep their deposits. Cap Cana has allot of Investment project so it is the biggest development in the D.R but there is allot to go and the economic situation hitting banks all over the world is having negative impacts in Cap Cana. In regards to Punta Cana resort or grupo Punta Cana this is the most stable financial group in Punta cana they own the Airport and they are getting incredible revenues from it as well as the Punta Cana Resort community is smaller and very exclusive and even thou sales are slow allot of wealthy americans and europeans are still investing in the Punta cana resort. Roco Ki sales are very sluggish but the hotel and group investment are very sound but they are not having Cap Cana fall out of people dropping out of their investment because they can sale or transfer their option, but new sales are slow like Casa de Campo and Cap Cana. Allot of the smaller developments in Bavaro are struggling you will see allot of construction sites with few or no workers this low end developments are private investment mainly from Miami Base investors suffering the credit crunch. I Invested in Cap Cana sometimes my negative and realistic comments contradict a group of Dominicans that simply feel i am just talking bad about their country instead of looking at the reality of the situation you will have some forummers post allot of Periodicals and magazine articles that are simply P.R they themselves have never been investor anywhere they just simply like to hide the dirt under the rug. One thing that you have to understand in the D.R is that Newspapers, Magazines, tv and Government work together in an effort to control any negative or truthful press that may hurt the Touristic economic development of the Island. You will never get full disclosure from magazines,tv or Periodicals you will simply get marketing and more marketing...