Santo Domingo.– Russian property buyers are widening their horizon and snapping up developments in nations such as the Dominican Republic, the International Herald Tribune reported.
Russian property portal Prian.ru has noted an increase in attention for nations which are outside the top ten destinations. Research by the group, conducted on behalf of Overseas Property Professional magazine, highlighted that other than the Dominican Republic, Hungary and Israel were also catching investors' eyes.
Mikhail Kelim, head of Prian.ru, told the magazine that Russian buyers are becoming more "educated" and shopping for new locales. In related news, the chief executive of Homesgofast.com, Nicholas Marr, recently claimed that the current economic climate has not damaged the overseas property market but rather made buyers more discerning.
Written by: josean, 10 Sep 2008 11:22 AM
From: United States, Show your Love for DR Vote AGAINST the PLD!
John Birchers pay attention!
From: United States
Well the Rusian mafia finaly has taken attention of theDR.
It wont be the regular prostitution that will come from russian girls but hard core drugs now.
And if you think the Columbians are a savage lot then wait till you meet the Russian mob.
Written by: bernies, 10 Sep 2008 1:48 PM
From: United States, key west fl
negative negative comments only why not say that a least the dr is in the list of the country that has more billionare and they ready to get out of the cold climate of the ussr.
From: United States, Lawrence, massachusetts
investment is always good, as long as the price of the stoli is reduced aswell.
Written by: Escott, 10 Sep 2008 6:36 PM
From: Dominican Republic, Cabrera and Sosua a 2 days a month for payday
Russians had landed on the North Coast of the DR about 4 years ago. We have big russian investments here for a while. No big news for me.
My rental condo is rented to a Russian and he is a nice fellow with a nice family.
Money doesn't seem to be an issue so it is possible the money is questionable.
From: United States, Orange County, California
Don't trust the Russians. We are very close to the USA and Russia is looking for instability in this area. Russia hates democracy and always trying to impose Russia doctrine by force. They are not to be trusted. If anything goes wrong with their investments we will see Russian troops on our land. Putin is the new Hitler.
From: United States
Jim, you said a mouthful. dominicans have never seen guys like these. they make colombians look like choir boys. and they plan to buy up a lot of territory. holy moses!
Written by: santanar, 10 Sep 2008 7:38 PM
From: Dominican Republic, Ramon Santana
Lets trust that our embassy in Russia has done it’s investigate role before they issue business visa to those investor, I hope they are legit and are coming to invest.
From: United States
You got it all wrong: the Russian who love Putin live in Moscow those who don't move to Cabarete DR
Written by: mrios, 10 Sep 2008 8:20 PM
From: United States
Darn,
My upgrade just went from a 45 to the AK-47 and beyond, now I fell much, much better....
From: Dominican Republic, Boycott Dominican Tourism
it's sad to here that the majority of people that are buying land in DR are none Dominicans, the face of DR is soon to change. Asian, Spanish is nothing new, Americans are by force and now from Russia with Love. or something else ..... pray for DR it gets uglier everyday, Now I know why Cibi left....
there seems to be no hope
From: Dominican Republic, Boycott Dominican Tourism
i just google "Russian property buyers" they are buying all over the world ... anywhere but Russia right!!!!!
Written by: mrios, 10 Sep 2008 11:03 PM
From: United States
Wow ! what a concept........Nothing like selling our land, heart and soul to outsiders, it's the Dominican way......I'm sure that those same outsiders will one day in the near future would be more then happy to re-sale our land back raped, polluted and useless AT A PRICE...
From: United States
mrios and others, i railed against this idea several times before, and people called me anti-foreigner. i will not change my beliefs in this regard. as i said before, this country is more and more becoming re-colonised, while its leadership (if it has any), snores at the wheel. dominicans will soon need passes to enter places like sosua, cabarete, las terrenas, la romana, etc.
Written by: josean, 11 Sep 2008 8:01 AM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Dread,
I agree with your position. However I do think it is with clear knowledge of many elements of this administration and they are not snoring but actually are silent partners of this modern pillaging.
From: United States
yes, Josean, they see what is happening, but they are getting financial benefits from the selloff, so what do they care? soon, foreign flags will be flying above dominican flags at the airport. soon, dominicans will own just a few acres of the hinterlands, which foreigners find impracticable for their purpose.i already mentioned that the germans tried to buy up all of trinidad and tobago, but the government smelled the rat and put a stop to it. they even decreed that a german, when selling his house, had to resell to a trinidadian.but we let folks come in from russia and own entire tracts of suburban , and beachfront properties. and we know how much these russians adore people of color!
Written by: skysail, 11 Sep 2008 10:49 AM
From: Libya
Of course will the buy here , it's still cheap compared to other islands.
From: United States
i am aware that property is cheap here , relative to other islands. but, with the kind of money these guys are slinging, a couple hundred thousand here or there means nothing. these are not guys operating on shoestrings. they are not retirees who worked for the post office or the Motor Vehicle Department. these are big players. they can buy property in downtown monte carlo just as easily as they buy a farm in sanchez!
Written by: mrios, 12 Sep 2008 7:37 AM
From: United States
dreadlocks,
With out sounding like a Racist..... I agree with you 100%, thanks for input......Idea ! instead of ownership why not try a 99 year lease like they do in Mexico, the idea that foreigners can buy Property with out Dominican Citizenship or a Dominican Resident Card and have the same rights as Dominican Born, That's a problem to me....
From: United States
mrios, i see nothing racist in that post. the DR has got to be one of the most beautiful lands on earth, and the temptation to purchase property here will always be great. anyone who goes to places like las terrenas will be tempted to secure a little piece of paradise. but there has to be some regulation. people ought not be allowed to pop into the country on a one week vacation and end up buying large parcels of land. that is what invites dirty money, and creates parallel real estate markets.
From: United States
United States acepted millions of people from around the word, including Dominicans helped them to start a new life allowed them to own real estate etc , As a country USA benefited from 200
years of this policy. Why not get billions of dollars from American or International baby boomers looking for retirement ? We will pay real estate taxes, You will get employment, better schools, hospitals, supermarkets etc ?
From: Spain, Ibiza, Minorca, Mallorca
All must remember that Russia is the largest country in the world. They own land from Poland to The northern Pacific Ocean. Does anybody think they bought that land? No, they acquired it over the last 300 years by moving in, and little by little annexing the teritories to theirs. Another thing that some may not realize: The proximity to Cuba on the north coast of DR. Remember the Cuban Missile Crisis? Well, Russia has threatened to deploy ICBM's in Cuba, again. And currently, Russia is conducting war games in Venezuela. So, as quiet as it's kept the Commies are coming back with a passion. And they said that the "Cold War" was over? Go look at Georgia, and tell me if it's so! My suggestion is to be very suspicious of these "Kamrads from the Urals", they are shady characters. If you don't believe me ask someone who has lived in Brighton Beach. Things changed since the 'new mob-ish jews from Russia' took over. Be careful who you sell to!
You might get more than you want!
Written by: josean, 12 Sep 2008 4:33 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
ArsenioALembertJr,
Didn't you get the memo, the "Commies" are our friends now, they own the US debt or have you never heard of a country called China!
http://articles.moneycentral.msn.....-bailed-out-china-not-the-us.aspxAnd be careful with the anti-semitic statements "new mob-ish jews from Russia' took over" the only people you are allowed to disparage here are Haitians OK!
From: United States
thanks for saying it for me, Arsenio. my ass is sore from all the lashings i get for warning about some of these foreign types. as i said yesterday, if anybody believes the colombians are some bad asses, they are choir boys compared to these russian dudes. i have seen some crap first hand in brooklyn that left me speechless.
Written by: mrios, 13 Sep 2008 2:23 AM
From: United States
cabaretianin,
I think you missed the point, the real ISSUE IS owning property from foreign investors and having the same rights a Natural Born Dominicans Citizens, Dom. Rep. is the only Country in the World that does this nonsense that I know of ....THAT'S THE REAL ISSUE. As far as American History goes I suggest you watch and highly recommend the 4 part series / Documentary "How the West was Lost " the true account of Manifest Destiny, from Sea to shinning Sea, I hope this will answer any questions you may have.
Written by: mrios, 13 Sep 2008 2:34 AM
From: United States
Dreadlocks,
You are dead on regarding the Russians, the older Russian generation don't know the meaning of FREEDOM and or CAPITALISM..... Don't even stop and think that the Russian Mafia is not involved in big projects like this !!!! It would be foolish to think other wise.
From: United States
mrios, thank you for that post. there are some guys who post here who celebrate all this INVESTMENT. i wonder which planet they are living on. do they really think that these guys have come half way around the world to live in a country which is so different from theirs, because they like it here? yes, they might enjoy the beauty, but it is not as though they like the country. their antipathy to people of color is legendary. i have a friend who associates loosely with them, and knows a tiny bit of how they operate. a few of them have actually confessed to him that they could never "see them selves associatimg intimately" with a dominican, whom they regard as inferior species. given their well known proclivities to organised crime activities, and violent recriminations against people who cross them, the fun will start when they are firmly established.
It wont be the regular prostitution that will come from russian girls but hard core drugs now.
And if you think the Columbians are a savage lot then wait till you meet the Russian mob.
My rental condo is rented to a Russian and he is a nice fellow with a nice family.
Money doesn't seem to be an issue so it is possible the money is questionable.
My upgrade just went from a 45 to the AK-47 and beyond, now I fell much, much better....
there seems to be no hope
I agree with your position. However I do think it is with clear knowledge of many elements of this administration and they are not snoring but actually are silent partners of this modern pillaging.
With out sounding like a Racist..... I agree with you 100%, thanks for input......Idea ! instead of ownership why not try a 99 year lease like they do in Mexico, the idea that foreigners can buy Property with out Dominican Citizenship or a Dominican Resident Card and have the same rights as Dominican Born, That's a problem to me....
years of this policy. Why not get billions of dollars from American or International baby boomers looking for retirement ? We will pay real estate taxes, You will get employment, better schools, hospitals, supermarkets etc ?
You might get more than you want!
Didn't you get the memo, the "Commies" are our friends now, they own the US debt or have you never heard of a country called China!
http://articles.moneycentral.msn.....-bailed-out-china-not-the-us.aspx
And be careful with the anti-semitic statements "new mob-ish jews from Russia' took over" the only people you are allowed to disparage here are Haitians OK!
I think you missed the point, the real ISSUE IS owning property from foreign investors and having the same rights a Natural Born Dominicans Citizens, Dom. Rep. is the only Country in the World that does this nonsense that I know of ....THAT'S THE REAL ISSUE. As far as American History goes I suggest you watch and highly recommend the 4 part series / Documentary "How the West was Lost " the true account of Manifest Destiny, from Sea to shinning Sea, I hope this will answer any questions you may have.
You are dead on regarding the Russians, the older Russian generation don't know the meaning of FREEDOM and or CAPITALISM..... Don't even stop and think that the Russian Mafia is not involved in big projects like this !!!! It would be foolish to think other wise.