Quote:
Originally Posted by Fernandez
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.
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Just to get the record straight the maintenance fees for Las Olas will be approx $3,50 sq/mtr and of course Metro has a Rental Pool, I'm running it. The banner for the rental pool on DR1 should be up and running this weekend.
If you have any questions you can contact me.