DR Real Estate Market
Last activity 27 August 2023 by Moe_11
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@ddmcghee I see properties sitting on the market for a long time in certain areas. I've only made casual observations but I do see it.
I don't think we have enough info. Are prices going up or down? If you do not speculate, and you need a place to live and you can afford to pay the cost of living there, then it does not matter.
@Karin1 yes I was worried about this and only told they were $200 per month but I never felt comfortable.
@ddmcghee I agree. I don't think the mega development, The Reef, is close to breaking ground. No permits and agressive advertising is a bad mix. Have you heard anything recently on this?
@Aurin Disla I import building materials....would love to speak
this is the DR and not NY, not Canada and not Europe.
This thread is about real estate, and personally I do not think the middle and upper end sectors will be effected as people look to buy their home away from home and put their money into something solid during what have been and continue to be very difficult times This is what continues to happen throughout the Caribbean as real estate is increasingly seen as a hedge against inflation and hospitality projects continue to come online.This forum is a barometer, albeit a small one, of people steadily wanting to invest in DR come covid19, war and inflation.I do think the lower end of the market could suffer, and in terms of tourism DR is well positioned to pick up tourists who have been travelling elsewhere who chose to spend less in tougher times and tighten their belts because it offers some of the lowest tourism packages in the region. DR so far has performed better than many economies in the Americas despite all the economic headwinds thrown at it.- @lennoxnev
This thread is about real estate, and personally I do not think the middle and upper end sectors will be effected as people look to buy their home away from home and put their money into something solid during what have been and continue to be very difficult times This is what continues to happen throughout the Caribbean as real estate is increasingly seen as a hedge against inflation and hospitality projects continue to come online.This forum is a barometer, albeit a small one, of people steadily wanting to invest in DR come covid19, war and inflation.I do think the lower end of the market could suffer, and in terms of tourism DR is well positioned to pick up tourists who have been travelling elsewhere who chose to spend less in tougher times and tighten their belts because it offers some of the lowest tourism packages in the region. DR so far has performed better than many economies in the Americas despite all the economic headwinds thrown at it.- @lennoxnevWhile I agree in part, a lot of people seem to buy here for investment purposes with the hopes of Airbnb/VRBO income to offset their costs. If inflation and flight costs continue to make people rethink vacation plans, people that have bought for investment purposes may feel the squeeze.- @AlaPlaya
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