Alberto Gimenez

Puerto Rico Real Estate Sales in 2006 & 2007

2008-01-27T01:18:00Z

The years 2006 and 2007 have experienced and unprecedented slow down on the marketing time of properties. A property that normally took 6 months to sell is now taking at least a year. Furthermore, prices in Puerto Rico rarely went down. We were used to see and enjoy our properties to increase in value @ approximately a 3-5% every year. The slow down of PR's economy during these two years and the slow down on selling time have caused that owner's wanting to sell become desperate and lower their selling prices. These have caused that when local appraisers search for comparatives the sales prices have decreased and thus, the property for sale will be appraised in a lower value. This is the first time I know this has happened in Puerto Rico during the last 30 years. Therefore, we are in a buyers market. You - the buyer - may dictate your price and the sellers have to listen to it carefully.

Therefore, a slow down in sales have prompted for government tax incentives. Surely they will last for a short time. 2008, being an election year, makes no promises for short-term improvements. Therefore, we may hope that whoever gets elected int 2008 MOVES the economy.

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Apartment For Sale in El Legado Golf Resort

2008-01-25T06:00:00Z

includes 1yr family golf membership

• 700 sq. ft., 1 bath, 1 bdrm apartment "fairway views" - $250,000 USD - starting price

El Legado Golf Resort, Guayama - One bedroom availables from $250,000, directly from developer. Units available on first level or second floor and you can choose from a mountain view or a fairway (golf course) view. Buy now and receive a one year family golf membership free (worth approximately $5,500).

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Single Story For Sale in Cond. Costa Azul

2007-11-26T06:00:00Z

Gourgeous apt, prime location @ Condado

• 2,200 sq. ft., 2 bath, 3 bdrm single story - $875,000 USD - Ocean-front/view apt

Cond. Costa Azul, Condado - Apt is located at a dead-end street, which finishes with the best Condado Beach. The condo is at the left hand-side of Taft Street and the apartment has a wonderful location, ocean front plus it enjoys beautiful views to the ocean. This luxurious property is secure, centric, and perfect for those who love to stroll by the beach.

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Single Story For Sale in El Legado Golf Resort

2007-11-26T06:00:00Z

New golf community

• 1 bath, 2 bdrm single story - $325,000 USD - Negotiable price

El Legado Golf Resort, Guayama - Golf Resort in the heart of Puerto Rico, Guayama. El Legado is home of renown Puerto Rico's golfer Chi-Chi Rodriguez. It has an 18 hole golf course and the villas count with beautiful landscaping, swimming pool, gazebo, 24 hour security and soon a hotel !

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