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As in any unknown situation, it is hard to predict the future. Nevertheless, especially in the resort areas, and based on what we saw after the financial crisis, we expect Real Estate to keep on growing in a few months. As most transactions are cash sales, home owners usually don't have the pressure of paying off a mortgage. Certainly rental income will be suffering for some time, but the decline in confidence related to the direction of the economy coupled with the unprecedented measures taken to combat the spread of COVID-19, are naturally bringing an abundance of caution among buyers and sellers. The temporary softening of the real estate market will likely be followed by a strong rebound once the economic 'quarantine' is lifted. We expect to see a lot of opportunities for those who dare to be optimistic, and who prefer hard assets instead the volatility of the stock exchange.

So meanwhile, we keep in touch, work from home on marketing skills, and prepare for the rebounce. Technology will become even more important to bring people together, service our clients, and keep us all safe. If you have any questions, please feel free to contact us @whatsapp or @tel. +1 809-543-2001

As we find ourselves in the midst of an unprecedented global pandemic, this is an incredibly challenging time for all. We understand everybody is worrying about their family and vacation is out of the question for now. Nevertheless, this challenge will also pass eventually, and the world will soon be ready to travel again.

Under the current situation, we are offering all our guests who booked a vacation through us, to postpone their trips and give them a credit valid for free rebooking during the next 8 months. As soon as this crisis is over, we will be up and running and have our rental villas available, much sooner than hotels might open. We strive to maintain the villa staff safe and supported economically. These people depend on us, to maintain their families, and we appreciate all their efforts to always keep our guests happy.

1. Replace traditional light bulbs by LED lights, reducing your energy consumption to only 16 % of your energy cost per light bulb.

2. Clean AC filters monthly or quarterly, depending on the use, because a dirty filter will result in higher consumption, and also cause more noise. Turn off your AC or set it a few degrees higher when you are not in the room.

3. Adjust your water heater tanks to the season, turning temperatures down in Summer and turn it up during Winter. Or even better, replace old tanks by tankless gas heaters who only consume energy when in use.

4. Repair leaking faucets because a drip of 1 drop per second can waste 250 gallons of water per month.

5. Check your automatic sprinkler system and adjust for rainy days. Make sure all sprinklers are properly working because a broken one will result in a fountain, or pool of water around it. Also set the system to water early in the morning or late at night for the best efficiency so your lawn doesn’t get burned by droplets of water under a scorching sun.

Dominican Rep. Economic Outlook

November 5, 2019

The economy gained steam in the third quarter according to preliminary data. While a sectoral breakdown is still outstanding, recent monetary easing was likely a key driver, as it boosted credit growth and should have buttressed domestic activity. This comes after a marked slowdown in the second quarter on the back of a less favourable external environment and domestic political uncertainty due to the primaries.

Dominican Republic Economic Growth

Economic activity is set to ease next year on slower momentum in the U.S.—the key source of remittances, tourist arrivals and exports. However, growth will continue to compare favorably to regional peers. Volatile energy prices, and a possible stronger-than-expected U.S. slowdown are the main downside risks. FocusEconomics panelists see the economy expanding 4.6% in 2020, which is unchanged from last month’s forecast, and 4.4% in 2021.

Dominican Republic Economy Data

  2013 2014 2015 2016 2017
Population (million) 9.8 9.9 10.0 10.1 10.2
GDP per capita (USD) 6,410 6,805 7,139 7,520 7,869
GDP (USD bn) 62.7 67.3 71.2 75.8 80.0
Economic Growth (GDP, annual variation in %) 4.9 7.1 6.9 6.7 4.7
Consumption (annual variation in %) 2.6 5.1 6.5 5.5 3.9
Investment (annual variation in %) -2.5 9.3 18.9 12.3 -0.3
Industrial Production (annual variation in %) 9.8 14.8 8.5 -   -  
Unemployment Rate -   -   -   -   -  
Fiscal Balance (% of GDP) -4.0 -3.7 -0.3 -2.9 -3.3
Public Debt (% of GDP) 37.0 36.0 35.1 36.9 38.9
Money (annual variation in %) 10.7 10.2 11.6 10.0 10.3
Inflation Rate (CPI, annual variation in %, eop) 3.9 1.6 2.3 1.7 4.2
Inflation Rate (CPI, annual variation in %) 4.8 3.0 0.8 1.6 3.3
Policy Interest Rate (%) 6.25 6.25 5.00 5.50 5.25
Exchange Rate (vs USD) 42.69 44.28 45.53 46.34 47.80
Exchange Rate (vs USD, aop) 41.71 43.48 44.98 45.93 47.31
Current Account (% of GDP) -4.1 -3.2 -1.8 -1.1 -0.2
Current Account Balance (USD bn) -2.6 -2.2 -1.3 -0.8 -0.1
Trade Balance (USD billion) -7.4 -7.4 -7.5 -7.6 -7.6
Exports (USD billion) 9.4 9.9 9.4 9.8 10.1
Imports (USD billion) 16.8 17.3 16.9 17.4 17.7
Exports (annual variation in %) 5.5 5.0 -4.6 4.2 3.0
Imports (annual variation in %) -4.8 2.8 -2.1 2.9 1.9
International Reserves (USD) 4.7 4.9 5.3 6.0 6.8
External Debt (% of GDP) 38.2 39.1 37.4 37.0 37.2

 

 

Take advantage of Casa de Campo’s summer golf clinics, so your kids can make lots of friends while developing a healthy attitude.

Kids should be encouraged to practice a sport. It’s fun and games but adds many additional benefits like helping to integrate children socially and acquire fundamental values. It also helps provide proper muscle development and growth.

Clinics are at the Teeth of the Dog Practice and Learning Facility beginning on August 5th until August 23rd, and are limited to maximum 10 kids.

4-7 year olds : 11 AM - 12 PM, 24 US$ per class

8-17 year olds : 10 AM - 12 PM, 42 US$ per class

Is your child already at Tournament Level ? then they can participate in the Elite classes, with maximum 5 participants.

Monday, Wednesday, and Friday 2 PM - 5 PM, 118 US$ per class.

As Dominican Republic is more popular than ever, a number of airlines hopped on the wagon to amplify their offers.

Starting November, Air Canada will have an additional flight form Ottawa to Punta Cana. Westjet also is offering a new flight from Calgary for the winter season. And of course Air Baton Rouge still is another option to get from snow to beach in only a couple of hours. They fly into Punta Cana, Puerto Plata, and Samana.

From Europe, Condor will be offering additional flight to the north coast and to Samana.

Both Avior and Ravsa offer flights from Venezuela into Santa Domingo, while Jetblue stays the leader in flights from the USA as the airline transported 2.7 Million passengers last year, and has already a 22 % increase this year. 

Airline connections represent a major asset for potential buyers and rental clients, and very few destinations can offer the advantages we have in the Dominican Republic.

 

 

Golf courses in Casa de Campo, Dominican Republic

Before renting one of our vacation homes, check out the yearly Summer 2019 Maintenance Schedule 


Dye Fore Chavón: CLOSED June 3 – 30, 2019

Teeth of the Dog: CLOSED June 24 – July 28, 2019

Dye Fore Marina: CLOSED July 1 – 28, 2019

The Links: CLOSED July 29 – August 25, 2019

Teeth of the Dog: CLOSED September 23 -29, 2019

Dye Fore Lakes: CLOSED October 7-27, 2019

 The Gold Cup Polo Games , the fourth corresponding to the season of Polo Challenge 2019, started this week, Wednesday, March 20th with Monterosso and La Arantina in charge of kicking off the tournament on the polo field at Lechuza. The season has seen three cups so far and has definitely proved to be an awesome and exciting one! Four teams of up to 16 goals are participating in the Gold Cup. This edition will include 6 days of amazing games with finals taking place on March 30th.

Also,  the Tour of the Sun will be back for the second time where some of the country’s main car and motorcycle clubs will meet in the polo fields to bring us an incredible exhibition of high-end cars and motorcycles, belonging to the Porsche Club, Mercedes Benz Classic Club, AMG Club, Group 9once, Autosport Group, 100 Octanes, Camaroneros, MINI Club, Revo, Harley Owners Group, Natives, Bohemians, Ducatis, Motorrad, Vespas and Café Racers.

Spectators will be able to appreciate the amazing designs and attributes of the cars in the exclusive sports and family atmosphere of the Casa de Campo polo fields, where there will also be a great party with live music, food trucks, cocktails, lounges, cigars and a fun petting zoo set up for children to experience the country life.

 

All guests have to register with the Casa de Campo resort to have access to all amenities. 

These golf courses need a break to be in full shape again and will be closed for a short period :

  • Teeth of the Dog : June 18- July 29 / October 1 - 3
  • Links : July 30 - August 26
  • Dye Fore Chavon : closed till September 30
  • Dye Fore Due Fore Lakes : October 1-21
  • Private La Romana Country Club new 9 : July 9 - August 6