Quote:
Originally Posted by STEVE G.
Agree ... Personally would recommend to wait until the project is done and sold out by the developer completely at original price , specially in Marbella by Metro . The main reason why Group Metro went so far out to develop Costa Blanca , because there is no more beach front land left to build in Juan Dolio. They have done Costa Del Sol I & II , now Marbella and Las Olas .When they finish them , they will concentrate in Costa Blanca area. Most other projects in Villas Del Mar / Juan Dolio will continue being developed inside from Boulevard . Remember as well on Boulevard almost there are no land left . So basically only dozen of the projects are beachfront . That's it . Juan Dolio is not like Punta Cana / Bavaro where they can build 100 beach front Resorts more and thousands of condos , villas and you still will not notice if it's overbuild . Juan Dolio's beachfront is very limited to overbuild to become a real buyer's market where desperate sellers are dropping the prices like it happens in Florida right now  |
I agree.
I was wondering if there is any data available concerning the sales of condominiums in the Juan Dolio market, such that a comparison of real market values vs. real purchase prices can be made, including days on market and original vs. actual sales prices.
Without data, we can't claim there aren't desperate sellers in the area, as I suspect the difference again is that investors have "equity" in these Dominican projects, funded by debts elsewhere- whereas in the States, its all debt financed.
Without a liquid secondary market and the data to support it, it is more like the investors are "stuck" with these properties like it or not.
Also, I wonder if there is a comparison of management charges and association fees.
Does anyone know the proposed association fees for Las Olas- I understand it runs around US$750 / month for the larger apartments. This figure is a bit frightening if the rental pool is not available.