I've just joined this site, as I couldn't believe how much sense the posters were actually making! So I'd really appreciate some decent advice...
Anyway, I'm a UK res, living and working in London but looking to invest in some rental property in Cabarete. The idea being I can take advantage of the strong current GBP / USD exchange rate, make a bit of cash on renting it out and have a great place to go windsurfing!
But I've just been reading posts about the state of the DR economy (interest default etc...) and total lack of faith in 'Hippo'. And I'm wondering if this kind of investment in the DR is such a good idea right now? I reckon I probably have about an 18 month window before the USD starts coming back against the GBP.
Am I likely to get more for my buck if I wait a year? Secondly, any general comments on this kind of investment (major pitfalls etc...) would also be of great value.
Thanks.
Anyway, I'm a UK res, living and working in London but looking to invest in some rental property in Cabarete. The idea being I can take advantage of the strong current GBP / USD exchange rate, make a bit of cash on renting it out and have a great place to go windsurfing!
But I've just been reading posts about the state of the DR economy (interest default etc...) and total lack of faith in 'Hippo'. And I'm wondering if this kind of investment in the DR is such a good idea right now? I reckon I probably have about an 18 month window before the USD starts coming back against the GBP.
Am I likely to get more for my buck if I wait a year? Secondly, any general comments on this kind of investment (major pitfalls etc...) would also be of great value.
Thanks.