Juan Dolio - South Beach of the Caribbean !!!

[Fernandez]

Originally Posted by frank recktenwald

Me personally I don't believe that the drop in the American housing market will also affect the European market. They're still pretty confident in Europe and it shows in the sales.

Frank,
The European Central Banks appear embarassed by the same inflationary pressures experienced in the USA, with the similarity carrying over to the real estate and fixed asset sectors in the USA. The European Central Bank is now faced with incredible divergence in the performance of underlying economies there.
Europe is now longer resistant to the pressures imported from abroad, and the combined effect of the appreciated Euro and the emerging credit crunch there is reaking havoc region wide. The European PMI index (both production and services) now nears 50, which reflects a significant downtrend in economic activity. Inflated commodity price will keep overall inflation rates high while growth is now declining. With European April inflation at +3% question is called upon the ECB policy of stable rates- beware of new rate rises, killing property sector with a vicious stroke of the pen.
Consumer confidence in Apriil was down signficantly, and the developement of credit crunch issues in Europe faced with increased inflation is has caused a significant reversal in real property sales- where sales are down radically in Spain, Italy and the sun states.

You might want to update the info on our SWiss partner page: Bank SYZ, AG.
Top rated LIPPER/ SP European Asset Managers and our partner Bank.

The reality of the current situation is quite different from that which others have tried to express in these pages..

[Fernandez]

Originally Posted by STEVE G.

As business going fine for most new projects , just don't see any reason for someone to provide any facts or figures . Just do your own homework mikey007 . BTW the latest major land purchases in Juan Dolio were made by investors from Spain and Italy , so just don't understand what ''so called europeans '' is about ...

Well, it seems that the information we are requesting is available, as the statement above establishes a fact that can only be supported by the data. In an effort to bring a bit of information to prospective buyers/sellers as well as to support the many who have already invested capital in these fine projects, is there a source you can identify that can be contacted to secure the supporting data?
It would be a great accomplishment and could start a database - which apparently already exists- to support future market efforts in the area.
Thanks.

[mikey007]

general statements that are not backed up by a relaible database just doesnt lend to the truth, i just dont get it when some shister says ya gotta believe it or take my word for it but then again theres a sucker born every day, people have to realize that prices do matter especially in a choppy real estate market and i guarntee the people who know the real #s on this board have a conflict of interest in not disclosing because their knowledge is power over the next prospective buyer. the ill advised buyer may purchase property for the asking price and not the real actual market price lets all try to be honest and put an actual premise in this debate fernandez thank you ...

[frank recktenwald]

Originally Posted by Fernandez

Frank,
The European Central Banks appear embarassed by the same inflationary pressures experienced in the USA, with the similarity carrying over to the real estate and fixed asset sectors in the USA. The European Central Bank is now faced with incredible divergence in the performance of underlying economies there.
Europe is now longer resistant to the pressures imported from abroad, and the combined effect of the appreciated Euro and the emerging credit crunch there is reaking havoc region wide. The European PMI index (both production and services) now nears 50, which reflects a significant downtrend in economic activity. Inflated commodity price will keep overall inflation rates high while growth is now declining. With European April inflation at +3% question is called upon the ECB policy of stable rates- beware of new rate rises, killing property sector with a vicious stroke of the pen.
Consumer confidence in Apriil was down signficantly, and the developement of credit crunch issues in Europe faced with increased inflation is has caused a significant reversal in real property sales- where sales are down radically in Spain, Italy and the sun states.

You might want to update the info on our SWiss partner page: Bank SYZ, AG.
Top rated LIPPER/ SP European Asset Managers and our partner Bank.

The reality of the current situation is quite different from that which others have tried to express in these pages..

Off course the problems in the States in combination with the high fuel prices will some how affect the European economy but Europe is still going strong and it shows in our sales. We have Scandinavian, Russian, German, Italian and British clients just to name a couple of countries.
Fyi and I'll make an exception just once, Marbella, 3 towers 100% sold, the 4th tower is running very good, Las Olas of the 227 condos just a few left. Costa Blanca, Founders club- SOLD OUT. The towers haven't even been put on the market officially and sales is going incredible.
Off course we watch the developments of the different markets but it doesn't worry us because we're still right on track.
As Forrest Gump says "that's all I have to say about this"

[vandee]

I think I got out of Club Hemmingway at a pretty good time. Having read everything here, I still think JD will end up overbuilt (history tells me that will happen) with a glut of open condos at can then be purchased at a better price than today. DR was the cheapist island for property but prices have gone up while ammenities have not improved so while prices may still be a little better, the overall atmosphere is not as good as other islands. Just MHO.

[pizzabite]

Thanks to all for your input, I find value in everyone's opinion.
I am unclear as to the ethnic references, but I am sure the inferences are profound.
I think we all share the same goal and vision for JD to become the next "hot spot" of the Caribe.

I still remain curious to learn of examples regarding sales, prices, and percent sold for various projects in the area. Also with all the new units that became available, was there ever a time JD seemed to be crowded?

[vandee]

Club H was a weekend place for the most part which is OK for the locals (all those we met were very nice people) but we would go for 2 weeks so the place was empty Monday-Thursday. each was great, some good restaurants but... no shopping, no real market for food, etc. Those were amenities that I'm certain they will get some point but those things could have been planned a little earlier in my opinion. And it can't compete with Casa when it comes to golf.

[Matilda]

Originally Posted by pizzabite

. Also with all the new units that became available, was there ever a time JD seemed to be crowded?

Crowded!!!! You must be joking. There is nobody here. It is a ghost town. When I cam here 8 years ago it was full to bursting, every night was party night. Now we have lost 3 big hotels in this end of town and one, soon to be two at the other end. There isn't a tourist in sight and God knows where the people ar who have bought these new apartments but take it from me they are not here!!!

My colmado is busy but with construction workers. Many of the expats who lived here have gone as they needed tourists to survive and at the moment they don't exist. The two bars here are dead. There is nothing to do but go and chat on DR1!!!!

Matilda

[mikey007]

is there a legitimate grocery store where you can buy cold cuts and provisions and fresh bread in jd all these people buying and there are no planned amenities

[davidleemac58]

Thanks Matilda for stating the obvious... I just came back from juan dolio on Monday June 2.. I stayed for 3 nights in costa del sol and it was virually my wife and I....I read about the incredible sales and the vibrance of this diversified community...There was literally nothing happening.. The only restaurant doing any business was El Mason,,which I happen to like...I also stayed at villas del sol,(which is a fantastic place]...I do not understand with the incredible amount of sales happening as stated on this site where is everybody???? How can you ever have an established community and how can merchants exist when nobody is ever there!!!!You can not prosper on constuction workers only...You need the people of the community,and they don't exist....I hate to be negative but Juan Dolio will get worse before it gets better... need to weed out these so called investors.... Euro about to tank.....