Punta Cana and Dominican Republic Real Estate – What to Expect in 2009!
December 2005 was another time in Punta Cana and the Dominican Republic. At that time, the Punta Cana and the Dominican Republic have been to the property market, which some consider the atypical growth. The demand was much greater than supply, a burgeoning influx of international buyers, interest rates the lowest in the history of Dominican real estate market, both in U.S. dollars and pesos, national and international economic stability, high rental income, germs mega tourism development as the wild flowers of international funding have been obligations, freedom of the press cheap, and the number of tourists to a record level. The buyers were to develop or sell to anyone in the vicinity of tourist resorts are in search of the island. These are the good old days! It was about the right place at the right time. Many people think that there is no reason to Punta Cana and the Dominican Republic can not be known as “Home of the World, but it was also stressed that he took absolutely necessary for the sector of properties in some of the measures necessary to ensure that development continue in an organized manner. lead to the end of 2008. Today, the property sector is also experiencing very atypical, who unfortunately can not be known to be positive but can not be negative. He’s back, which is normal, the standardized real estate market. Supply and demand in balance in recent years. Any developer can tell you that this is not normal for any development at least a year. Normal sale would sell for at least two years, developing small and medium, and time may be longer for larger more ambitious developments in gated communities closed. Of course, it is normal to think that things are seen cooling after the “BOOM” We have in recent years. Instead of cooling, I call it “business as usual, goes back to normal supply and demand in balance! At Currently, it is important to sit down and analyze the “foundation” of our market, we take corrective action based on past experience. First, we seek to take the foundation. Why Dominican Republic Why Punta Cana? What makes us so special? Why Punta Cana and the Dominican Republic, the investment markets concerned, the alternatives to which second home buyers do, why is a place ideal for retirement should be considered? excellent geographical position where we can have year-round climate is tropical. The cold countries remain cool. We’re still some of the best white sand beaches and turquoise waters clear legal framework – No restrictions for foreigners who are the equal rights of owners economic stability, social stability, personal safety, crime rates Dominican Republic compared to other Caribbean neighbors and modern transportation and ‘adequate telecommunications infrastructure (airports, ports, roads, telephone, Internet) low. There is room for improvement, but we are in the right direction. Wide offer additional (water sports, golf, restaurants, grocery stores, resorts, casinos) Ecotourism the Dominican people – always friendly and welcoming! Apart from these points, we must recognize that there incentives for foreign investment by local government. Foreign direct investment more than doubled in 2008, according to statistics from the Center Exports and Investments (CEI-RD). investment in 2008 amounted to U.S. $ 2 35 billion for a 1% growth in the 55th since 2007. Last week, December 12, 2008, the Dominican Republic President Leonel Fernandez has innovated for 1 U.S. dollar. 4 billion U.S. dollars VistaCana Resort & Country Club in Punta Cana. President Fernandez and draft of the main sponsors Salvador Done up of peat, with Tourism Minister Francisco Javier Garcia also present. when Mr. talked about the global crisis we are living, and stressed that they were prepared to the crisis. “We have decided to invest more, because that is what we do. We believe in the Dominican Republic, as it is in a safe place to invest at lower risk compared to other places around the world “continues. Venezuelan investors, began building a tourist complex on six million square meters field. The complex is 6,000 apartments, a 100-room hotel business, an 27 hole golf course and 180,000 square feet of integrated artificial lake beach, built at a cost of $ 1 arond. 4 billion dollars. This brought 20,000 new jobs in Punta Cana, when completed. President Fernandez said: “This development is evidence that, in the global crisis we face today, foreign companies such as developers VistaCana testify, the Republic Dominican and more efficient financial security for international investors, developers and end users. 1,500 homes have been by an investment fund for North American retirees Washington DC and more than 200 units sold to individuals were purchased . “President Fernandez, in addition VistaCana last week he was in La Romana was the revolutionary event for the mega-development Romana Playa Nueva by the Spanish company Grupo Pinero, owner of Gran Bahia Principe resorts. This U.S. $ 2 equivalent 5. billion in foreign investment. In addition, in the coming days, President Fernandez will be the next to the Prince of Monaco, situated in the groundbreaking ceremony for Punta Perla in Cabeza de Toro in the vicinity of Punta Cana, with another $ 1 billion U.S. 6 dollars in foreign investment in the United Kingdom, a sum of U.S. $ 5 $ 5 billion of foreign investment in the month of December alone property. They are a great number of renowned companies and investors, very deep pockets, to carry out feasibility studies and market. They agreed that the Dominican Republic to the safest place with the best investment opportunities in the Caribbean and perhaps the Western Hemisphere. In addition to promoting foreign investment, local government has achieved: the adoption of new laws, retirees and baby boomers. incentives to attract better for pensioners and pension recipients reduction of taxes on real estate decisions in the real business of communications infrastructure in tourist areas of efficiency and better system for the registration of new developments in the public sector working hand in hand with the private sector, development of joint activities aimed at strengthening the real estate. We can say that the site no doubt a solid foundation for sustainable growth in the property sector, but not the location, the location of the most important to determine which properties in the Republic Dominican buy. Investors and buyers looking for both safety, security, security. to understand first and foremost the safety and security of their investment. Investors and buyers that real estate is in the Dominican Republic are not purchased, the impact of the devaluation, the other global markets have been suffering. This is for several reasons: Historically, property values Dominican Republic have always been careful never to go up and down, the Dominican Republic has no secondary market for the securities market, where mortgages good and bad. We are all now on the U.S. mortgage mess that property values had a downward spiral. Based on our previous experience with banking, mortgages could be considered “healthy”, which means that the value of the asset exceeds the value of the mortgage. Second, the buyers of the security of property rights, naturally. Foreign are guaranteed the same rights as the buyer’s disposal Dominican. Third, the safe return on investment. Immobilien-tourism products have the potential to generate revenue as they are for employees of the tourism industry will be hired and also because every day the most developed is the so-called “residential tourism. It is the tourists who rent a villa or an apartment, take an intimate experience and learn more about the area of privileged access. What we need as an industry leader and real estate professionals? Find the end users: customers seek to avoid an immediate capital gain. This refers to the buyer / fins neither the intention nor the ability in real estate transactions in the environs. The best way is not to apply a large catch, the loss of the buyer / Flipper, if he decides to withdraw from the real estate transaction to ask. pre qualify Buyer: Enter the buyer with the right forms and information contac Skills preparation with local banks. This is to avoid future headaches in the future. Perform targeted marketing plans required for buyers and investors for development in particular. implementation of strategic alliances with governmental institutions in the Dominican Republic to promote a destination, not just a flat lens. Ally with the large-scale tourism development for the further commercialization of the Dominican Republic. Be aggressive marketing of products in more than one way: Create alliances with international real estate, non-traditional advertising, conferences, eMarketing, and so on. The most important thing to understand is that we have a good product. We’re in a market cycle, where change is inevitable and normal. There is no need. Punta Cana, Dominican Republic and became panic destinations worldwide. We have many good years of selling real estate, real estate Punta Cana in the Dominican Republic. Just roll up our sleeves to work on the ethics, to be honest, creative and proactive. We have no doubt, sooner or later, Punta Cana and the Dominican Republic offers the HOME OF THE WORLD is now expected, we, as a lot of good things in 2009 are very positive and we will make a difference and separate ourselves from the rest of crowd. With the alliances we form with real estate agents around the world, we definitely will position us as the company # 1 real estate for developers, buyers, sellers and investors looking for the company the right to buy or sell a property in Punta Cana and the Dominican Republic. Hope we can be of assistance in 2009 to support, we will help you right at home in paradise! La Costa Destinations International Realty provides detailed information about Punta Cana real estate, resorts, hotels, beaches, golf courses, weather and the international airport of Punta Cana. Dominican hospitality and market knowledge with the standards of U.S. companies. Your # 1 Source of data Punta Cana object. Visit http:// www. GoPuntaCanaRealEstate. com, home of the best agents of the Dominican Republic.
