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Santo Domingo.- National Cadastre Agency director Bolivar Marte announced the signing of a contract to survey by air the 395,000 cadastral units in the National District, Santo Domingo East, San Pedro de Macorís and La Romana, at a cost of US$27.0 million, as part of the Dominican Republic Cadastre Project’s first stage.
He said of the tender offers the company Informatica El Corte Ingles won the call for tenders, after technical and economic evaluations, which also included, among others, Taldor, SP Consultores and Thomsom Reuters.
Marte said the new aerial surveys will create a cadastral database on real property in the urban areas near the National District and Santo Domingo East and of the municipalities with a potential for tourism.
The official said the airplane will be flying in altitudes near zero to 10,000 feet throughout the cities’ urban as rural areas, which will create a guide for users to obtain an exact evaluation of their properties, and that further information can be obtained in the Cadastre Website, www.catastro.gob.do.
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And these same aerial surveys across the nation will in turn create a large data base from which to match future taxes on real estate. That 60% of the economy that remains not "formalized" will be the new growth area for the State coffers.
On the plus side for DR data collection and administration: these surveys promise better overall quality and will facilitate development planning in future. More accurate land surveying, too.
Rural area beach properties are exempt as we speak.
I bet they'll create a special category and squeeze some juice outta them.
Within 5 years, every coastal or mountain villa/home will be taxed, imho. Therefore, everyone owning a vacation or permanent villa/home in the DR will be paying property taxes. The days of bargain properties will soon be something in the past for the DR. This may put a nail in the coffin for this looking a purchasing a beautiful Island property. The eye in the sky will nail you !! No place to hide !
The perk in favor of this country in no taxes.
Add taxes, who'll want to come to a place where you can get mugged at every street corner, breathe stale air, have no guarantee as to your property investment and pay taxes!?
Oh y se fue la luz!
I remember visiting friends in a certain gated community that shall remain anonymous in DR and came away unimpressed. Yes, big house with large pool and cathedral entrance with large dual interior stairs. The place was a massive fuel dependent site, and these otherwise rich people were complaining about the costs of electricity for the place. I looked at my wife and said in a low voice: wow! There are sooo many places in Florida that would kick this so-called exclusive offering right out of the waters! I might rent the place for a week or so, but live here, no way.
Walter, I would like to learn where in Florida can you find better or comparable properties for half the price. You have to understand that the US due to speculation, recently experienced a Real Estate bubble and had a market that went bust. The main cause for so many under valued properties is because of supply and demand. There is more available inventory then there are qualified buyers. Only those with cash can best take advantage of the opportunities in a buyers market. However, once the economy is stablized, it will be no different then he DR but with utilities as the exception. In Florida the bulk of the energy source is derived from nuclear power and natural gas which makes electricity relatively inexpensive. The consumer will benefit from a lower overhead and less burden to maintain a property. Nevertheless, let me know where those great deals can be found, I would be interested to know.
Pls check this link:
http://www.foreclosuredeals.com/list/fl/
As you say, you need cash for the banks are not lending, but many people I know, including rich Dominicans have been into that for over 2 years.
Go buy one buddy! I love all these people buying beat down run down foreclosures all over the USA.
There are some deals in the mediocre areas but most of the nice stuff is still expensive!
Same pathetic garbage on this website from the same old Dr haters..
Get the hell to Florida and stuff your face at the all you can eat buffet worlds and after you can head to Walmart for some cheap ass clothes you clown!
"Get the hell to Florida and stuff your face at the all you can eat buffet worlds and after you can head to Walmart for some cheap ass clothes you clown"
I can get all of that right here, so I'll save the fare.
Sounds like you've been around though. Any good addresses?