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Old 04-21-2008, 08:05 PM
Encuentrobeachvilla Encuentrobeachvilla is offline
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Join Date: Dec 2005
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Thumbs up Cabarete,...Buyers or Sellers Market?

Just my opinion, but probably the next time I post/reply, for this topic, which will probably be months or a year from now,...that house that has a price of $300,000 today, will probably be quite a bit more then the price today! The attraction of the Cabarete area, is soaring, with Europeans with the strength of the euro, with Canadians, with the strength of the Canadian dollar, and Americans and Canadians(*remember this is not a new phenomena,ie,going to the sun/warmth by northerners, this area is just a "newly discovered paradise" ) that see the advantage of owning in the tropics, without the Florida real estate taxes, and the assistance of the Dominican government The influx of "major" hotel chains, building, and moreso, the "plans" that are on file, for these mega chains, hotel/international(well capitalized) resort consortiums,...are said to be on a similar scale, as to what initially was started,...when a place called "Cancun", was just getting off the ground. Cabarete is fresh, young, new, and exploding. Also, this development is moveing the borders of Cabarete outward, to "supply" the market "demand". An educated investor in this Cabarete market understands, that this is not a rental income to "cover" the note market, this is a market for capital appreciation, while he(the investor)enjoys the beauty of his investment, with personal enjoyment as well. Oh, bye the way, I am sure that I will hear the rebuttal,...Oh, I hope it does'nt get to over built, I hope it does'nt lose it's character,...well, I say to that,..."it is building it's character right now,...so get ready for it,...because it is happening right before your eyes! Best to all!
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