What do you think about investments in DR

suzannel · #1 07-20-2006, 08:22 PM

As a new investor in Cabarete, I would like to know your opinion in the investment potential in that region.
Following 3 years of wintering in the region, last year we saw all the new developments going on in the region and decided it was time to get on the band wagon and we purchased in a new development in Cabarete. We feel that geting on board of new construction is the best way and think we decided on a good progect. We purchased a condo at Cabarete East.
Following the news coverage of NSNBC and the sales of the new condos at Ocean Dream and the other new developments in and around Cabarete and Sosua we feel that this investment is worthwhile.
I am interested in hearing from others on this issue.
When investing we took into consideration, the tax laws, the crime rate, the potential, the new government committment to tourism and investment, the possibilities in infracstructure of the region, the development of Playa Grande, but mostly the total of new developments in the region and the new outlood from Americans on investing in the RD.
Sosua, where we could have bought more cheaply an already build unit seemed good but we felt that the development of Sosua was at it's utmost and was very limited, whereas Cabarete still has room to grow Eastward.
What do you think?

mountainfrog · #2 07-20-2006, 08:49 PM

Quote:

Originally Posted by suzannel

... we purchased in a new development in Cabarete... We purchased a condo at Cabarete East.....
What do you think?

Well, it's done.
Whatever others may think, it's too late to change things...
Good Luck!

m'frog

johne · #3 07-20-2006, 09:21 PM

Quote:

Originally Posted by mountainfrog

Well, it's done.
Whatever others may think, it's too late to change things...
Good Luck!

m'frog

left the corral fence open-all the horses are out of the gate."
Or--"the train has already left the station" or
"So now you tell me!" or
"I was only gone a few minutes to go to the John--when was that ever discussed?"

nanmer · #4 07-21-2006, 09:30 AM

I am interested, as well, in the pros and cons of Sosua vs Cabarete. Which would be better to invest in?

Nan

suzannel · #5 07-21-2006, 10:01 AM

You are quite right, we have made our decision, however opinions of others is still important to us!!!
Others may also be interested in what people think of the building-investment boom (so to say) going on in the area, people who are thinking of investing or people like us wondering how long we will keep this investment.

JRR · #6 07-21-2006, 10:37 AM

As a mortgage broker lacated here in the capital, I do business with developers, real esate agents for different projects around the country.

From what I was told, there are applications and approvals in Cabarete for 2000+ apartments over the next two years.

Just hope things don't get over built and end up with a glut on the market! However, it does seem that you kept the three most important rules of real estate in mind.......LOCATION, LOCATION, LOCATION!

Best of luck!

JRR

mountainfrog · #7 07-21-2006, 10:52 AM

Quote:

Originally Posted by suzannel

.... the building-investment boom (so to say) going on in the area...

Wherever real estate agents have an office there seems to be a boom going on...
After the purchase is done the game begins:
Passing the buck to somebody else ("Schwarzer Peter").

m'frog

Celt202 · #8 07-21-2006, 11:32 AM

Quote:

Originally Posted by mountainfrog

Wherever real estate agents have an office there seems to be a boom going on...
After the purchase is done the game begins:
Passing the buck to somebody else ("Schwarzer Peter").

m'frog

Are you suggesting there is trickery in the Real Estate business?

Shocking, Shocking

mountainfrog · #9 07-21-2006, 11:38 AM

Quote:

Originally Posted by Celt202

Are you suggesting there is trickery in the Real Estate business?
Shocking, Shocking

No, not in the least.

I might need one myself, when I decide to jump from this 'paradise'.

m'frog

Camden Tom · #10 07-21-2006, 01:15 PM

Quote:

Originally Posted by suzannel

As a new investor in Cabarete, I would like to know your opinion in the investment potential in that region.
Following 3 years of wintering in the region, last year we saw all the new developments going on in the region and decided it was time to get on the band wagon and we purchased in a new development in Cabarete. We feel that geting on board of new construction is the best way and think we decided on a good progect. We purchased a condo at Cabarete East.
Following the news coverage of NSNBC and the sales of the new condos at Ocean Dream and the other new developments in and around Cabarete and Sosua we feel that this investment is worthwhile.
I am interested in hearing from others on this issue.
When investing we took into consideration, the tax laws, the crime rate, the potential, the new government committment to tourism and investment, the possibilities in infracstructure of the region, the development of Playa Grande, but mostly the total of new developments in the region and the new outlood from Americans on investing in the RD.
Sosua, where we could have bought more cheaply an already build unit seemed good but we felt that the development of Sosua was at it's utmost and was very limited, whereas Cabarete still has room to grow Eastward.
What do you think?

I think the Cabarete East condo project looks first rate to me. I walk by there frequently as my house is located between CE and Cabarete. Attractive design, big beautiful pool, very nice cabana bar. I've considered selling our house to buy in there. Just haven't got around to it yet. I'm sure you will be happy with your investment.