We are launching an overseas website in Feb 08. Send me the details would be interested in hearing from you

Hej Pal
Golf properties attract golf parties.
Although i absolutely stink at the game i am reliably informed that you tend to play Doubles or fours, please tell if i am wrong by the way!
Have a think about this when deciding on the number of rooms you want to buy, you might just fractionalize your resale or rental market in the future.
I.e a group of four lads on a golfing holiday probably wouldnt rent/ buy a studio. 3 bed is ideal if the budget stretches. one for the owner couple, one for the kids and one for the golf partner

Sorry, mis read your reply.
Two bed should be fine i would have thought
mark

Good advice Mark

Two beds is the best I can stretch to, but as you say this should be enough.

Yeah,
Let me know how you get on!

Actually, to be completely honest, there seems to be a LOT of controversy regarding the Punta Perla project. Most issues they supposedly have are problems with the land titles. Also, on paper, Punta Perla has sold out its properties, if not, sold MOST its properties.

However, they have been selling for quite some time, but I've been hearing construction hasn't commenced yet.

Reason why they promise high returns, is to attract new buyers ASAP while they're hardly doing anything.

There has been a VERY long discussion regarding Punta Perla on another website.Singing Pig - PUNTA PERLA

Just in case the link above doesn't work, go to the website http://www.singingpig.co.uk and look under Property investment - Overseas and you'll find 20 pages of discussion devoted to Punta Perla.

IF in case you are very interested in Punta Perla, I suggest to review each page thoroughly before you make a buying decision. It seems there are a lot of uncertainties.

Actually, I USED to be a Cap Cana agent, sales assistant actually, but I've decided to go independent.

Other places worth considering... it does depend a little as to WHY you are buying a property and how much money you plan on investing. Are you looking for a vacation home where, perhaps you could gain rental income while you're not using the property or are you rather interested in acquiring properties purely as an investment with the potential for first class rental income while accruing excellent resale value prospects in the medium to long term.

To get back to the actual topic, La Romana has always been and still is a great place to invest. Punta Cana, obviously, is a great place to invest in. Juan Dolio is also a great place to invest in. On a comparitive basis, Juan Dolio isn't as developed as Punta Cana, La Romana and Puerto Plata.

Juan Dolio is smaller than the Punta Cana/Bavaro region. As small as Juan Dolio is, there's not enough land to build future projects, which is why many 10-20 floor buildings are being built. In the long run, it will be as high priced as Miami's South Beach.

Samana (Las Terrenas) is also a good place to invest in.

I have been investing, developing, building on the North Coast of the Dominican Republic for 7 years.

Personally I like Sosua/Cabarete and Cabrera areas and own in these places.

Capital Gains have been GREAT and since it is the NUMBER 1 Tourist destination in the Caribbean rentals are solid.

I just sold a piece in October for 333,400 US dollars I paid 34,000 US for and put about 40k into infrastructure and landscaping. It was a 4-5 year hold.

This is still the least expensive, Democratic Caribbean country as far as real estate goes.

I purchased a piece in Haciendas El Choco also in October and am developing the site now. It is a gated project with the "Gentleman Farmer" in mind but is developing with nice homes that go to Mansions.

I have built about 1000' of Stone walls, Servants Quarter in construction and tons of plantings already.

This is the most UNDERPRICED undernoticed project I have seen and think there is a GREAT upside here. Search it on the internet. Good size parcels are selling from 14 m2 to 27 m2. The last property I sold was at 61 m2 in a similar project way inferior to this one yet less than a kilometer away.

This place is booming and I anticipate it will keep up for many years. Today most of the investors are European, Canadian and then US although the US is the closest.

If I can help with questions feel free to ask. I retired from the Real Estate business in the US 9 years ago and never thought I would even own a thing again but here life is easy and I have a full time maid for 120 US a month and a full time gardener for 180 US a month so I got back into the game.

This area has NEVER been hit with a Hurricane since they have been tracked as opposed to the rest of the country which was a major reason I am here.

Escott

Dear pal 101
It looks like everything is fine with the deal you were looking at.
By all accounts all the permits are in place now and they have broken ground.