Property Center – Dominican Republic Real Estate

The long awaited football tournament, planned for tomorrow Sunday 7th March 2010 in El Choco, Sosua, has been canceled due to heavy rain in the last few days.  In spite of the grounds keepers best efforts to have the pitches ready in time, the decision has been made that the surface is unplayable.

A make-up date has not yet been set.

Founded in 2008, HAITIAN AND DOMINICAN ASSISTANCE CORPORATION (HADAC) is a not for profit corporation, focusing on primary medical care, education, agriculture and vocational training in Haiti and the Dominican Republic.

HADAC provides medical care for the poor, digs wells where there is a lack of clean water, fly medical supplies to remote locations in their own plane and provide educational and agricultural assistance to under served
communities from their base in Puerto Plata, Sosua, Dominican Republic.

Tay Oz has been listed as a supporter of HADAC visit their web-site http://hadac.org/Projects.html for more information.

On the 27th of February 1844 a secret force named La Trinitaria, led by Juan Pablo Duarte declared independence from Haiti.  Although it wasn’t until November 6th that same year that the Dominican Republic adopted it’s first constitution, modeled on the constitution of the USA.

Tomorrow those acts of bravery that brought independence from Haitian rule will be celebrated nationwide, in the forms of various marches and more.  Including a march here in Sosua from the Playa Imbert Barrera until Los Charamicos.

Happy Independence Day Republica Dominicana!

President Leonel Fernandez headed the ribbon cutting of the furniture and decoration store Ikea.

IKEA representative Balvín Georson said the facility was built at a cost of US$85 million. He said there are 305 stores in 38 countries, and the one in Santo Domingo is the first in Latin America.

The store is built on a lot measuring 70,000m2 and offers 1,600 parking spaces, it will also provide as many as 2,500 direct and indirect jobs.

In his speech, Fernandez said the opening of Ikea is an example of the Dominican economy’s reactivation in 2010. “The opening of this store is a great rejoicing, but it also constitutes a great event from the economic and commercial standpoint for the Dominican Republic.”

In what can only be good news for residents living on the North Coast, the new IKEA store in Santo Domingo should add a bit of competition to the complacent Dominican furniture retailer chains.

And if you think that Santo Domingo is too far to buy furniture from, think again. IKEA are offering a delivery service to Sosua, Cabarete and Puerto Plata.

Delivery prices to the North Coast are:
0-150 lb – RD$3,450
151-300 lb – RD$4,800
301-600 lb – RD$5,800
601-1200 lb – RD$7,000

For more info see here…

http://www.ikeasantodomingo.com/

It pretty much says it all…for sale by owner Dominican Republic.

FSBO Dominican Republic

Our neighbors, the Wild Coyote Bar, got burned down last week…no-one knows why, some pictures…

Sosua Restaurant Burned Down

Wild Coyote Burns Down

BRITAIN is finally OUT of recession — ending the longest economic slump on record.

Official figures showed that GDP — or output — rose by 0.1 per cent between October and December.

The growth follows 18 MONTHS of misery.

Cayman was shaken by a 5.8 Earthquake at 9:23 am according to the USGS.  News 27 will bring you the latest as soon as they come in.

According to Hazard Management the earthquake was:

32 miles ESE of Bodden Town

40 miles ESE of George Town

45 ESE of West Bay.

The earthquake occurred at a depth of 6.2 miles.

There have been no reports of damage or injuries received by 911.

There is no threat of a tsunami from this event.

Our friends in Cayman emailed us this image of a sink hole, the only visible change after the tremor…

sink hole cayman islands

The ultimate privacy concept.

Villa Ultima Casa Linda

The developers of Casa Linda spent more than a year designing Villa Ultima and the result indeed exceeded everyone’s expectations.

Designed exclusively for privacy, here no-one has to know you are here unless you want them to.

The great room opens to the extensive covered terraces with just one step leading down to the pool, sundeck and lounge chairs.

Luxurious seating and large open areas make Villa Ultima a perfect setting for entertaining groups, weddings and family reunions as well as the intimate exclusive setting for honeymoons etc.

Villa Ultima comes with a large open kitchen and dining area which also includes a breakfast bar and easy access to the outdoor wet bar/BBQ area.

All four bedrooms have individually controlled air-conditioning and separate fans.

For a short time only, the developers are offering a guaranteed minimum 10% net rental return (less pool chemicals and electricity). For more information on this offer contact us today.

You need to take out a mortgage loan if you don’t have the required cash to purchase a property. It is advisable that you know about mortgage terms and basic concepts of a home loan before you take out one. It will help you to choose a home loan that suits you the best in the long run. Read on to gather knowledge about mortgage basics.

How to obtain a mortgage

You can take out a mortgage loan from banks, mortgage companies, credit unions and portfolio lenders. You can also complete an online form and provide the necessary documents in order to apply for a mortgage.

Types of mortgage loans

There are mainly 2 types of mortgage loans, which are given below.

ARM (Adjustable Rate Mortgage) – It is a type of home loan with variable rate of interest. The interest rate remains fixed for a certain period after which it changes periodically.

FRM (Fixed Rate Mortgage) – In this type of mortgage loan, the interest rate remains fixed throughout the loan term.

Required documents

You need to provide certain documents to obtain a home loan. They are paystubs for the past 2 years, the borrower’s Social Security Number, income and address proofs along with the recent statements of deposit amounts, stocks and bonds.

Importance of credit repair

Apart from getting acquainted with various mortgage terms, it is quite important to check your credit score before you apply for a mortgage loan. If required, repair your bad credit record before applying for a home loan. You can get better interest rate on your home loan if you have a good score.