Punta Cana Real Estate Newsletter

December 2008

 

Happy Holidays and Happy New Year!  Thank you for your support in 2008! 

 

Thank you, Gracias, Спасибо, Obrigado, Merci! We thank you for your trust, business and support in 2008.  Thank you for making us your #1 source for Punta Cana real estate.  While others are shutting their doors, Our Team of Professionals continues to grow everyday.  As of today, we have representatives in USA, Puerto Rico, Russia, Portugal, Spain & France.  We have looked for the best brokers and realtors in other countries so we can provide you with one to one service in your home country.  They will be able to provide you with the necessary information before and after your inspection trip.  We promise to continue to create alliances with more real estate professionals near you in 2009.  If you know any that might be looking to expand their business, please send them our way! 

2008 was another great year for us!  It has been a year with many challenges, but once again we have managed to come out on top.  We know there is a world economic crisis; however, we have buyers signing contracts THIS WEEK!  This is proof that there are still many world wide companies, developers, investors and buyers that believe in the Dominican Republic. We are looking forward to 2009!  It will be a challenging year for all, but we are ready to roll up our sleeves, get to work and continue providing you with the best investment opportunities available in the Punta Cana real estate market. Don't miss out on fulfilling your dream of owning a home in paradise.  Our best wishes to you during this holiday season.  We look forward to your visit in 2009!

The Caribbean is Calling, 

Scott Medina, Emil Montas & The Staff of La Costa Destinations International Realty.

 

 

Punta Cana & Dominican Republic Real Estate - What to Expect in 2009!

The following is a compilation of different emails that have come across my desk in the last couple of weeks from colleagues.  I have taken the time to translate, consolidate and add my opinion.  Please take the time to read if you are considering Punta Cana and the Dominican Republic for investment, rental income, relocation or retirement.

December 2005 was a different time in Punta Cana and the Dominican Republic. At that time, the Punta Cana and Dominican Republic real estate markets were experiencing what some would consider atypical growth.

Demand was far greater than the supply, a thriving influx of international buyers, lowest interest rates in the history of the Dominican real estate market, both US dollars and Dominican pesos, national and international economic stability, high rental income, mega tourism developments sprouting like wild flowers, international financing, bonds were issued, free favorable press, and tourism numbers at an all time high. Buyers were looking for anyone developing or selling near the tourism hubs of the island.

Those were the good ol' times! It was about being in the right place at the right time. Read more...

 

 

Property/Community of the Year - VistaCana Resort & Country Club

Hands down, property of the year honors goes to VistaCana Resort & Country Club.  Just last week, December 12, 2008, Dominican Republic President Leonel Fernandez broke ground for US$1.4 billion dollars VistaCana Resort & Country Club in Punta Cana. President Fernandez and the project’s main promoter, Salvador Termín headed the groundbreaking ceremony, with Tourism minister Francisco Javier Garcia also present. Mr. Termin spoke about the world crisis we are experiencing, and emphasized that they have prepared themselves for the crisis. “We have decided to continue to invest, since that is what we do. We believe in the Dominican Republic since it continues to be a safe place to invest with lower risks in comparison to other places around the world”.

Venezuelan investors began construction of the tourist complex on six million square meters of land. The complex will have 6,000 residences, a 100 room business hotel, a 27-hole golf course and a 180,000 square meter artificial lake integrated to the beach area, and built at a cost of arond US$1.4 billion dollars. This will bring 20,000 new jobs to Punta Cana when concluded.

President Fernandez said “this development is proof that within the global crisis that we live today, foreign companies like the developers of VistaCana, testify that the Dominican Republic still has economic and financial security for world wide investors, developers and end users alike. 1,500 homes have been purchased by an investment fund for North Americans retirees out of Washington D.C. plus more than 200 units sold to individuals.”

VistaCana is definitely a Superior Lifestyle Within Reach. 

Prices from the low US$100's.  More info...

 

 


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