Quote:
Originally Posted by liam1
i think currently it's a developer's market. developer's who can finance their projects without the need from "pre-construction sale" money are building their projects, financing them themselves start to finish, and currently they are sitting on a lot of unsold condos, but they are not giving-in and lowering their prices. either a lot of buyers come or the developers give in and lower the prices. they sure can afford to do so since building costs are very cheap.
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dont know where you get building costs are very cheap,DR is the most expensive island in Caribbean for construction materials...costs have doubled and trippled for materials in last couple of years or less...barilla has gone up almost 300% in a year,and so has cement...some contractors are slowing down or stopping for now...and prices for built homes here are way out of wack,and unsellable for now.Look around and see all the half built homes and buildings.....all over the island....
bob