I have a question for those who have lived in the DR for a substantial period of time to have noted real estate trends.
Is the ongoing adjustment in the US real estate market likely to be duplicated in the DR? I've seen other threads in the Real Estate section that indicate that houses (and condos?) in the DR tend to remain on the market for years before being sold, and that sellers are reluctant to adjust their asking prices downward.
Does this mean there is no connection between RE trends in the US and in the DR, and that there is no reason to expect prices to fall?
Thanks.
Is the ongoing adjustment in the US real estate market likely to be duplicated in the DR? I've seen other threads in the Real Estate section that indicate that houses (and condos?) in the DR tend to remain on the market for years before being sold, and that sellers are reluctant to adjust their asking prices downward.
Does this mean there is no connection between RE trends in the US and in the DR, and that there is no reason to expect prices to fall?
Thanks.