I agree with pricing going up. I bought a house march 2002 and it's nearly doubled since then. And, as others say, this is just the beginning. My realtor told me a year ago that 5 yrs ago, 90% of buyers were europeans and now 90% are north american. North americans are finally discovering a nice country with really cheap real estate compared to north america or to the rest of the caribbean. I looked everywhere before buying, and there is nowhere near the level of price that the DR can offer.
Also, real estate pricing has not much to do with the economy, political stability, etc.. but rather the law of demand and supply. I think there are more buyers than sellers on the market, so prices are going up.
Also, it's nice to have a "cottage" in the carribean. Also, don't forget that villa or condo rental is up from last year quite a bit too, so keep that in mind. It's not cheap to have an empty house in the DR usually.
Good luck to anyone wanting to buy DR real estate, I did and it turned out to be a very good move, only if I could get out there more often.
Eric
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