Have any of you people who believe Cabarete's bubble is about to burst heard of George Coutu? Ocean Dream, Ocean One, Harmony, and Millenium are all beautiful projects, all marketed to International Clientele and mostly sold out...
Cabarete East sold out
The Victorian by Juan Perdomo...close to sold out
Novus Mare...just talked to someone from NY who flew here just to look at the project...and buy a condo...
Have you not heard about the US Baby Boomers who are just now, and for the next 30 years, starting to retire? They're not moving to Florida like they used to, and I doubt the Northeasterners are going to retire in the Northeast...Costa Rica is still going strong after 10 years of steady growth...through good economies and bad...and they're running out of beachfront...
Try buying a nice beachfront condo in the rest of the Caribbean for under $500K... you'd be hard-pressed to find one...
The prices in Cabarete...and Sosua have risen dramatically over the last few years, and tourism has slowed down this year (in conjunction with the new passport requirements), but the majority of those interested in retiring or snowbirding here are probably smart enough to have their passports ready...and can still afford the North Coast...unlike Cap Cana, Roko Ki, Punta Perla, etc...
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