Santo Domingo.– The Dominican Republic is an attractive location for people looking
to invest in overseas property. That is according to Tony Knowles,
director of London International Property, who maintained that the country's
property market was one of the most affordable in the Caribbean.
He also
said that rental accommodation in the Dominican Republic was in high demand as
the Caribbean was a hugely important tourist destination.
Knowles
commented: "[There's a high] amount of investment that's going on, mainly
high-end investment. In terms of land-pricing, it’s one of the better value for
money islands in the Caribbean, certainly relative to Barbados, St Lucia, St
Kitts etcetera.
"It's a very safe country and it's renowned as being one
of the friendliest in the Caribbean and there's potential for growth. Buy-to-let
in the Caribbean stands up anyway. It's one of the biggest tourist destinations
worldwide and has one of the longest rental seasons."
He added that the
Dominican Republic's property market was "straightforward" and accommodating to
overseas investors.
Written by: Belial, 2 Mar 2008 2:36 AM
From: United States, Texas
GC, as bourgeois garbage, why don't you rejoice?
Written by: lcabrera, 2 Mar 2008 5:20 PM
From: United States
If we continue like this, half of the country will be owned by foregners.
Written by: Perez, 2 Mar 2008 8:30 PM
From: Dominican Republic
Hey icabrera, i'm with you on this one, and I thought i was the only one that see something wrong with the situation. DR will be foreignville.
Written by: Duane, 3 Mar 2008 7:43 AM
From: United Kingdom
'Foreignville' You sound like a complete moron.
Should we keep all foreigners and the money they may bring away?
Sounds a very silly thing to say, considering Dominicans are the first to jump ship and leave their homeland at any opportunity that comes their way. Especially considering most Dominicans come from a mixed ancestry anyway.
Icabrera - Commenting on his country being owner by foreigners whilst he is sat in the US.
Plonker.
Written by: lcabrera, 3 Mar 2008 4:02 PM
From: United States
Duane, you're a real jerk! First of all, most Dominicans and most of the rest of immigrants in the U.S ain't buying huge properties to stay here forever, and ain't moving here because we want to stay here and take over the U.S; many if not all have the hope of coming back to their homeland. Second, there is a difference, the people that are buying this properties in the DR have a lot of money, but Dominicans and I guess most of other immigrants come to the U.S. to work hard and save enough money so we can go back to our homeland to buy or build a house and dream of some day to come back and stay there.
I didn't mean that I don't want any foreigners there, but that the Dominican government is making it to easy for foreigner to own properties, and yes like you say it bring money to the country, but guess what, all that money goes into the corructed government, and none to the citizen, so at the end.... well, what do you think that happens? Hope you give it a though, pile.
Written by: ny4life, 3 Mar 2008 4:59 PM
From: United States, New York, NY
Duane,
I'm glad these investments and developments are arising the Dominican Republic. It's been long overdue for the country to benefit from such terrific projects. It brings more notoriety to the DR and helps build roads, tourism, and create construction jobs. The problem with all this development I guess is that the population in general, the average Dominican is not able to afford such a place yet and at the rate of this construction projects it seems like only foreigners will benefit from the properties being builit. The Dominican land is beng sold at very cheap rates to foreigners who are build homes for foreigners. Dominicans don't want to be occupied again as it has been before. However, I hope the foreigners who are investing and buying homes granted, second homes and maybe a full-time place will integrate with Dominican society. I believe is not happening and may be a cause for concern.
From: Canada, Alberta
when i buy my home there and become a citizen then i will be dominican wont i.....canadian dominican....i think i like that
Written by: Duane, 4 Mar 2008 6:30 AM
From: United Kingdom
Jerk? - Please don't say that word around me. Or Dork or Buddy.
Americans do use some strange words.
Icabrera - you're the worst kind of traveller. You openly admit - you work in the US just to take their money with the hope of going back to the homeland with it. What good does that do the culture you're taking from? At least when someone invests in your country, they are supporting your economy. Where as what you're doing doesn't support that of the native economy. You sound like a baby who wants the candy and the healthy teeth. You say you're not buying a home - well why not? Don't go to a country if you are not prepared to actually start a life there. If you did try to buy property, the country would benefit through taxing you. You'd also help yourself by gaining an asset and having something hopefully to sell before you left, making a profit for you and more income through tax for the government and the people.
Jerk? You rapscallion.
Written by: lcabrera, 4 Mar 2008 1:33 PM
From: United States
Bahahahhahaha dude you're so wrong! you fixed all I said in a negative way. Yeah we take from this culture, but they take from us as well if not much more, I pay taxes here, we all pay taxes, I am not here to take their money or culture like you implied, I never said I wouldn't ever buy a house here, but that we don't come here to overtake the U.S. or like I clearly said "most Dominicans and most of the rest of immigrants in the U.S ain't buying huge properties to stay here FOREVER". I didn't say we don't buy houses; yes indeed, but like you said, it benefit the government, the people and me, fair enough. But that ain't the case back in DR.
Duane understand this please, I am not against any foreigner, I believe they come here with great intensions, but there is a lot of inequality in DR government. Continued>>>
Written by: lcabrera, 4 Mar 2008 1:45 PM
From: United States
they don't ever care about the people, and I am afraid they going to favor foreigners before Dominicans people. Well, except the Haitian brothers because they're not rich and white, the government exempt them from the list, that is a good example of inequality in DR.
I love my country but this is the reality. I apologize for calling you "jerk" but you comment made me very mad.
Written by: Perez, 4 Mar 2008 2:00 PM
From: Dominican Republic
Amen to u Icabrera and ny4life! most of us work overseas in order for one day to come back to our homeland and retire, because even if we get education in DR we still won't be guaranteed a better life thanks to the ruling class elites. Everything is by connection in DR, u need to know important people to get somewhere. U need to understand, that one day we want to our towns and see and appreciate the views of the mountains and fields just to be blocked by a construction of anew home or hotel where a foreigner is investing? Yes they bring money, but no dominican will benefit from it it isnt fair to hog everything u see. It is sad that not even in ur homeland u can't enjoy the beaches because hoteliers are taking over and privatize the beaches. We don't want to lost our identity, nor we want to lose our language (if that is to happen) and I can't stand if people from the outside come to DR and look down upon poor domincans with their gas guzzling marauding SUVS.
Written by: lcabrera, 4 Mar 2008 4:38 PM
From: United States
Thank Perez, but people like Duane do not understand the real reason why we're so concerned, he talks like he knows the situation in DR and how things work over here.
Written by: caonabo1, 4 Mar 2008 7:43 PM
From: Dominican Republic, Miami,FL
I onestly think that if it wasnt for foreight countrys that have come to DR to invest these country would not be far from where Haiti stand right now. We should thank these people who have come from outside to invest and provide work for our comunity. and one more thing if you dont want other people to invest and buy property ,than a simple sujestion is that you( who complaint about these situation) go and provide emploiment like these people are doing in the country.
Written by: lcabrera, 4 Mar 2008 9:11 PM
From: United States
caonabo,
You are waaay off the track, nobody is complaining about foreigner doing business in DR, but the fact that they have the facility provided by the government of buying properties and building houses to move there and live.
Written by: Duane, 5 Mar 2008 6:26 AM
From: United Kingdom
Icabrera - Over the course of your posts - you seem to have changed from saying its the fault of foreigners to stating its a problem with your government. Thats my point all along.
Should foreigners want to spend in DR and invest - your government is accountable for how that money is spent in improving the lives of the citizen.
Right now I'd like to dream I could retire in DR along with my wife and daughter. We all need dreams don't we?
So in effect all the wealth I've accumulated by living within the UK, will one day be taken and placed within your borders, the DR. Now the wealth we bring to your country, if that is spent not helping your population, surely it can't be my family thats blamed, only your government.
Continued>>
Written by: Duane, 5 Mar 2008 6:27 AM
From: United Kingdom
Also on a personal level my sense of morality does not want my wealth to assist the already wealthy - not when I can see people covered in crap in Duarte - Kids begging for food in Zona Colonial - or a pregnant woman sleeping rough near the Malecon. Why would I want my taxes to assist some fat businessman who needed a new swimming pool for his already oversized home in Arroyo Hondo? Hopefully any new wealthy visitors coming to your country aren't as loathsome or barbaric as the wealthy you already have within your borders - your so called fellow countrymen.
Written by: Escott, 5 Mar 2008 8:40 AM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
they don't ever care about the people, and I am afraid they going to favor foreigners before Dominicans
------------------------------
I was hit in the rear by a Dominican on a motorcycle on the principle highway in Nagua. He had no insurance, no drivers license and I had to pay him 500 Pesos and no one paid for the damage to my car. I also paid for a lawyer. The reason for this was the color of my skin which is white. I have a Dominican Drivers license, insurance and am a Dominican Citizen but it was the skin color. The Police, Judges and the population here are complete trash if they allow something like that to happen.
You are the JERK friend. That wouldn't happen to you in the US and you damn well know it. As the other fellow mentioned you are in the US to suck out what you can and not contribute a damn thing to the US. Why do you think it is impossible almost for a Dominican to get a US VISA today?
People like you.
Written by: DaniDr, 5 Mar 2008 8:58 AM
From: Dominican Republic, Santo Domingo
Escott, almost the same thing happened to me.
Only that I had to drive the concho driver to the hospital myself... and then the real owner of the bike (the concho was not the owner) called and asked if I could contribute in the repair. Yeah, and what about the damage to my vehicle? Just cause your foreigner they seem to think you have to pay them for no apparent reason other than you are a foreigner.
Written by: lcabrera, 5 Mar 2008 3:19 PM
From: United States
Escott,
I don't understand why you telling me it wouldn't happen to me in the U.S. Of course I know it would not, but nobody is talking about the U.S; we’ve been talking about the DR, I don't remember comparing the U.S. with the DR.
With respect to what you said "As the other fellow mentioned you are in the US to suck out what you can and not contribute a damn thing to the US. Why do you think it is impossible almost for a Dominican to get a US VISA today?" First of all I am contributing to the U.S. more than what you could ever imagine, it is very coward from your part to say that it is almost impossible for a Dominican to get a VISA today because you think all Dominicans in the U.S. are only sucking out and no contributing to the country. It is a shame, by you saying such thing, you are offending all Dominicans, despite the fact that you are living there. I think that makes you a much bigger JERK.
Duane, You misunderstood me when I first ..cont'd
Written by: lcabrera, 5 Mar 2008 3:32 PM
From: United States
commented about foreigners buying properties in DR. My concern is not because foreigner living there, neither that I said or think new wealthy visitors coming to my country are loathsome or barbaric, but because the inequality that exist in the DR, I don't doubt foreigner come with great intensions. . . I am not a hater man, just that I, as most Dominicans, don't trust the DR leaders. I sorry if I made you feel unwanted, because it is not the case at all.
Written by: Perez, 5 Mar 2008 4:03 PM
From: Dominican Republic
So, I suck everything in the US without contributing to the US? that shows How much you know me, I should applaud for that comment. For your information, I'm working at Walmart, and I'm trying to save every friggn penny so that i can built my house bit by bit in DR, I don't spend my money looking for ho#s or drinking, or partying. The more I save, the sooner i'm out of here. And btw, I'm not against any foreigner as long as they don't taunt and make fun of my people, and that don't posess that air of superiority because they have alot of "Lana". OH, and I pay taxes! thank you.
Written by: Duane, 6 Mar 2008 5:56 AM
From: United Kingdom
Perez - Your using stereotypes, I'm a foreigner - I detest with all my soul, SUVS - they have no place in any modern city, especially when they contain only one wanker wearing a suit inside. They are the ultimate in bling American shit. 11 miles to the gallon. Don't get me started on those things. If Mr Rich wants to use an SUV, tax him 20 times the normal rate to do it. With that extra cash your government can supply free travel to the over 55s or single mothers or a million other things.
In all my time in the DR - I've used autobuses, public cars, even motoconchos.
Firstly, if I can, I walk.
A reliable taxi driver, someone I can trust, if I'm a little drunk and its dark.
Private beaches are also against Dominican Law - There is no true private beach in the entire Dominican Republic - The hotels just like you to believe that they are private. Even sometimes placing a dim-witted guard nearby. Again, your government should communicate this to your population and stop the bully
Written by: Duane, 6 Mar 2008 5:57 AM
From: United Kingdom
(Continued) ing hotels from doing what they do.
Written by: Perez, 6 Mar 2008 12:13 PM
From: Dominican Republic
Yes, I guess you're right Duane, i tend to get paranoid when I read about foreign investments all the time. When I do. i always picture that they do this, they do that. I would like to see the big fields that stretches miles away from the road, free from buildings, where u can see the mountains and the cows grazing peacefully, while seeing palm trees, and other fruit bearing plants, that represents the essence of the campo (countryside). Too much concrete, kind of kills the scenery. Sorry about Stereotyping I didnt meant it to go that way.
Written by: Belial, 12 Mar 2008 2:11 PM
From: United States, Texas
Capitalists, so-called "investors", grab all the credit for economic growth, in any, but who really deserves it?
Workers. Yep.
oooo
Washington, Mar 12 (Prensa Latina) Remittances by Latin American emigres only increased by seven percent in 2007, meaning a decrease in relation to previous years, according to a report by the Multilateral Investment Fund (MIF).
The amount of money received by families increased to $66.5 billion, for an increase that for the first time was just a single figure, said manager of the institution, which depends on the Inter-American Development Bank, Donald Terry.
The MIF estimated that despite the lessened remittance increase, the money sent exceeded the total amount of direct foreign investment and aid for development in the region.
http://www.plenglish.com/article.asp?ID={8B8443B0-2438-4CE5-96CE-19BECED4EF88})&language=EN
oooo
Remittances beat direct foreign investment in that former arrives down and don't have to trickle down.
Written by: Belial, 12 Mar 2008 2:13 PM
From: United States, Texas
Most of the investment dollars don't even trickle.
Trickle ... "to flow or fall in drops or in a small slow stream."
If that's the case, then it wouldn't matter much if the investment dollars did trickle.
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Should we keep all foreigners and the money they may bring away?
Sounds a very silly thing to say, considering Dominicans are the first to jump ship and leave their homeland at any opportunity that comes their way. Especially considering most Dominicans come from a mixed ancestry anyway.
Icabrera - Commenting on his country being owner by foreigners whilst he is sat in the US.
Plonker.
I didn't mean that I don't want any foreigners there, but that the Dominican government is making it to easy for foreigner to own properties, and yes like you say it bring money to the country, but guess what, all that money goes into the corructed government, and none to the citizen, so at the end.... well, what do you think that happens? Hope you give it a though, pile.
I'm glad these investments and developments are arising the Dominican Republic. It's been long overdue for the country to benefit from such terrific projects. It brings more notoriety to the DR and helps build roads, tourism, and create construction jobs. The problem with all this development I guess is that the population in general, the average Dominican is not able to afford such a place yet and at the rate of this construction projects it seems like only foreigners will benefit from the properties being builit. The Dominican land is beng sold at very cheap rates to foreigners who are build homes for foreigners. Dominicans don't want to be occupied again as it has been before. However, I hope the foreigners who are investing and buying homes granted, second homes and maybe a full-time place will integrate with Dominican society. I believe is not happening and may be a cause for concern.
Americans do use some strange words.
Icabrera - you're the worst kind of traveller. You openly admit - you work in the US just to take their money with the hope of going back to the homeland with it. What good does that do the culture you're taking from? At least when someone invests in your country, they are supporting your economy. Where as what you're doing doesn't support that of the native economy. You sound like a baby who wants the candy and the healthy teeth. You say you're not buying a home - well why not? Don't go to a country if you are not prepared to actually start a life there. If you did try to buy property, the country would benefit through taxing you. You'd also help yourself by gaining an asset and having something hopefully to sell before you left, making a profit for you and more income through tax for the government and the people.
Jerk? You rapscallion.
Duane understand this please, I am not against any foreigner, I believe they come here with great intensions, but there is a lot of inequality in DR government. Continued>>>
I love my country but this is the reality. I apologize for calling you "jerk" but you comment made me very mad.
You are waaay off the track, nobody is complaining about foreigner doing business in DR, but the fact that they have the facility provided by the government of buying properties and building houses to move there and live.
Should foreigners want to spend in DR and invest - your government is accountable for how that money is spent in improving the lives of the citizen.
Right now I'd like to dream I could retire in DR along with my wife and daughter. We all need dreams don't we?
So in effect all the wealth I've accumulated by living within the UK, will one day be taken and placed within your borders, the DR. Now the wealth we bring to your country, if that is spent not helping your population, surely it can't be my family thats blamed, only your government.
Continued>>
------------------------------
I was hit in the rear by a Dominican on a motorcycle on the principle highway in Nagua. He had no insurance, no drivers license and I had to pay him 500 Pesos and no one paid for the damage to my car. I also paid for a lawyer. The reason for this was the color of my skin which is white. I have a Dominican Drivers license, insurance and am a Dominican Citizen but it was the skin color. The Police, Judges and the population here are complete trash if they allow something like that to happen.
You are the JERK friend. That wouldn't happen to you in the US and you damn well know it. As the other fellow mentioned you are in the US to suck out what you can and not contribute a damn thing to the US. Why do you think it is impossible almost for a Dominican to get a US VISA today?
People like you.
Only that I had to drive the concho driver to the hospital myself... and then the real owner of the bike (the concho was not the owner) called and asked if I could contribute in the repair. Yeah, and what about the damage to my vehicle? Just cause your foreigner they seem to think you have to pay them for no apparent reason other than you are a foreigner.
I don't understand why you telling me it wouldn't happen to me in the U.S. Of course I know it would not, but nobody is talking about the U.S; we’ve been talking about the DR, I don't remember comparing the U.S. with the DR.
With respect to what you said "As the other fellow mentioned you are in the US to suck out what you can and not contribute a damn thing to the US. Why do you think it is impossible almost for a Dominican to get a US VISA today?" First of all I am contributing to the U.S. more than what you could ever imagine, it is very coward from your part to say that it is almost impossible for a Dominican to get a VISA today because you think all Dominicans in the U.S. are only sucking out and no contributing to the country. It is a shame, by you saying such thing, you are offending all Dominicans, despite the fact that you are living there. I think that makes you a much bigger JERK.
Duane, You misunderstood me when I first ..cont'd
In all my time in the DR - I've used autobuses, public cars, even motoconchos.
Firstly, if I can, I walk.
A reliable taxi driver, someone I can trust, if I'm a little drunk and its dark.
Private beaches are also against Dominican Law - There is no true private beach in the entire Dominican Republic - The hotels just like you to believe that they are private. Even sometimes placing a dim-witted guard nearby. Again, your government should communicate this to your population and stop the bully
Workers. Yep.
oooo
Washington, Mar 12 (Prensa Latina) Remittances by Latin American emigres only increased by seven percent in 2007, meaning a decrease in relation to previous years, according to a report by the Multilateral Investment Fund (MIF).
The amount of money received by families increased to $66.5 billion, for an increase that for the first time was just a single figure, said manager of the institution, which depends on the Inter-American Development Bank, Donald Terry.
The MIF estimated that despite the lessened remittance increase, the money sent exceeded the total amount of direct foreign investment and aid for development in the region.
http://www.plenglish.com/article.asp?ID={8B8443B0-2438-4CE5-96CE-19BECED4EF88})&language=EN
oooo
Remittances beat direct foreign investment in that former arrives down and don't have to trickle down.
Trickle ... "to flow or fall in drops or in a small slow stream."
If that's the case, then it wouldn't matter much if the investment dollars did trickle.