Luxurious Caribbean Villa Nothing to add to this property. There is simply everything in its place. Nothingmissing. Let me show you around in this mansion and point out how the ownerof this magnificent property spells: Luxurious Caribbean Villa !!!Owners of most prestigious homes in the area copy what they would find here.You will just love it!Ask us for more details and call 809-571-9990 -Ocean Front with Ocean View from all RoomsExtra Poolside Buiding with outside Bar and Dining -Expansive Swimming PoolAll bedrooms with ensuite bathrooms -Finest Buidling Materials and Finishing -Coral and Natural Stome Wall Accents -Separate Buildng with (over sized) Garage for 2 Cars and Deposit with Plenty of Extra Space -Sweeping Stair Case in Lounge Leading to the Upstairs Bedrooms -Fantastic Kitchen with Expansive Dining Area -Advanced Alarm System… and all of this in a Gated Residential Secure Community close to Puerto Plata and Sousa -Golf and other amenities close by.
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.