All the real estate agents will tell you the same thing: There is no decent property left for sale here in the Sosua Cabarete area. Consequently people who want to realize their dream have to buy land and build. I'm no Economist but I do remember my basics regarding supply and demand.
I often chirp on about the UK property market but it is certainly worth considering. Uk prices were never cheap in comparison with somewhere like Florida. I think I bought my last house in the UK for 135k pounds and sold it two years later for 335K pounds (nearly 400000 dollars profit). I could easily have borrowed money on my house in the UK (at 3.5% if you played your cards right) to finance the purchase of a holiday home here and barely notice the increase in my mortgage payments, which I could have off-set with the rental income from the house over here. With pension policies in the UK now being worth peanuts plenty of British people are here looking to do just that as an investment for the future. I am not one of those people but I certainly considered it. The world does extend beyond North America and there will always be new Gringos! Prices here will continue to rise until the near global house price boom goes belly up.
