More foreign tourists fly in to the Dominican Republic than any other island in the Caribbean, though the Bahamas receive just about as many tourists on cruise ships. Over the past decade, the country had a building boom, much of it fueled by foreign buyers. Because most of them still pay in cash, the economic crisis has not generated a significant number of foreclosures. Even so, it did push prices down by about 20 to 25 percent, Mr. Houisse said.
The amount of new development, too, has fallen, by 70 to 80 percent, as a result of skittishness about global financial troubles, said Sandy Parekh, broker-owner of Remax Coral Bay Realty. “A lot of people that were going to develop projects have all put them on hold,” he said, “and there’s still very few projects that are starting at the moment.”
Prices, however, have now stabilized, and the market for the few available new homes is strong, said Philip Weiser, managing director of the real estate agency Carlton International. “The market for resale properties still has to recover,” he said. “There are many middle-range products remaining on the market, but quality properties sell very well.” Read the full article on the NY Times.
Established Hotel in Cabarete for sale on a area of 5,626 square meters, with a total of 45 rooms fully furnished with air conditioning and safe in each room. Large swimming pool with garden for a great atmosphere with on-site restaurant/bar. There are also grocery stores and many restaurants, all within close proximity… The beautiful beach of Cabarete is right across the road… Next to the Hotel and included in the price is a piece of land of 2,041 square meters and across the road a beachfront piece of land of 1,530 square meters with large swimming pool and gazebo already built…
Unique apartment complex right on the beach of Cabarete and center town. All units have porcelain tile floors, bathroom with Spanish ceramic tiles and cream ivory marble tops. All interior doors and cabinets are of solid oak wood, kitchen with Brazilian natural granite counter tops, accessories in stainless steel, aluminum windows and doors. The balconies with aluminum railings and glass (resistant to salt and oxide) transparent blue not to obstruct the view of the ocean…. Guarded private parking, 24/7 surveillance camera security, 24/7 electricity power supply…. There is a Cafe on the beach side offering a great menu and a wonderful ever-changing view of the ocean…. What are you waiting for ?? Come on over and become the owner of a real treasure on the beach !!!
This 1 bedroom Sosua apartment is perfectly tucked back behind the town hall of beautiful Sosua you will find that you can walk out of your apartment and get to the Beaches, Supermarkets, Restaurants, Banks and everything else in the matter of some minutes. Look it up on google map (coordinates 19.7669,-70.512617 This is your quite little spot on the island with sunshine and beaches. Come and relax at the refreshing pool, sit and kick back in the beautiful lush tropical gardens within the gated condominium. Ask for partial OWNER-FINANCING.
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What a bargain! A centrally located one bedroom apartment in the heart of Cabarete with a motivated seller. The condo is well managed and maintained and well regarded. Bargains like this don’t come up very often and this unit is sure to sell quickly. Internal pictures will follow shortly. If you are seriously looking to buy then you need to be quick. Undoubtedly the best deal in Cabarete.
Attractive and comfortable two bedroom house in a nice and quiet neighborhood area, beautiful swimming pool, all fenced in with tropical gardens and fruits trees. This house is protected by an alarm system, nicely furnished. Close to the International School, short distance to the town of Sosua, supermarkets, restaurants etc. and the beach. Visit our main page at Sosua real estate for more property options in this popular area.