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Old 02-27-2012, 07:01 PM
 
63 posts, read 187,557 times
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How is the real estate market in Puerto Rico? Are homes a good investment there? Are they easy to resell? Is owning an apartment or a home a better investment? I am thinking of retiring to PR in a few years and want to know if it is better to rent or own. I have been to PR many times, have family there and I love it!!
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Old 02-27-2012, 08:58 PM
 
Location: Pereira, Colombia
635 posts, read 1,087,999 times
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I don't think it's too hot...at least outside of the tourist areas. I know here in historical San German two nice houses have sat vacant, unsold for 15 months and counting. Maybe something on the water would be a good investment, but where the common folk live seems to not be doing so well
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Old 02-27-2012, 11:20 PM
 
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The high end market is basically dead (200k+), developers along with goverment have tried trick after trick but the reality is that is dead. In the next couple of years I predict many high end developments will go under and with so prices overall. PR government and developers have tried hard to minimize the effect of the housing crisis but what they have done is buy a little time to see of things get better and IMO thats not going to happen.The lower end housing market is strong though but its mainly comprised of houses subsidize by FHA/HUD type loans.

House is a better investment in PR than apartments because people on the island still dont quite value the opportunities an apartment presents.
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Old 02-28-2012, 07:58 AM
 
Location: On a Long Island in NY
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It's rather sad, they have built a huge number of condos in Rincon and many of them are barely half empty. The city government wants to take over some of the emptier ones and use them as public housing projects.

There is also a shopping center on PR-115 where EVERY single store is empty. Not a single store in the whole shopping center.
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Old 02-28-2012, 08:40 AM
 
80 posts, read 188,894 times
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What about areas like Condado? Or, Viejo San Juan?
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Old 02-28-2012, 01:35 PM
 
63 posts, read 187,557 times
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Thanks for the quick replies. Here is my situation.. I am eligable to retire in a few years and I was thinking of buying a place while the market is not so hot and renting it until I was ready to move down there. I have family in PR and have been many times and I love the entire island.. with that I haven't been able to narrow down a location. I love being by the beach so I was thinking Rincon, Aguadilla, Isabela or Luquillo and I love the mountains and rain forest too so I was also considering Moca, Luiquillo, Cayey, Aibonito, etc.. I can't decide yet but which would be a better investment... an apartment by the beach or a house in the mountains? Also do all mentioned locations have access to good private schools?
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Old 02-28-2012, 04:16 PM
 
Location: Tampa Bay
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Had no idea about the condos in Rincon. It is a beautiful area and from what I know from way back, great surfing area.

To the OP: I would buy a house in a little town like Aguadilla, where there is very nice beaches (like Crashboat!) and also there are mountains. So you have both.... There's also tons of other small towns like that, which some of the others can say something .
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Last edited by Annie of Oldsmar; 03-29-2012 at 02:09 PM..
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Old 03-03-2012, 04:26 PM
 
63 posts, read 187,557 times
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Maybe Luquillo would be my best bet. I can live in the mountain area near the Yunque and at the same time have access to Luquillo Beach and a short drive to San Juan. Are there any bad parts of Luquillo? Any good private schools nearby?
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Old 03-04-2012, 11:03 PM
 
92 posts, read 138,757 times
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Luquillo is a great town, like every place it has it bad elements but find a nice place to live and you can isolate yourself and family from that. I dont know much about private schools in that area but you can look at this website:

Buscar Colegios Privados por Pueblos de Puerto Rico / Colegios Academias Universidades Ciudades en Puerto Rico :: ColegiosdePR.com

You will see the names of all the towns in PR and will find how many private schools each of them have and many of them have and probably you will find links to the school website
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Old 03-05-2012, 01:30 PM
 
63 posts, read 187,557 times
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So where are the parts of Luquillo that I need to stay away from? Any neighborhoods you recommend? Is it safe to go out to the local bars or restaurants at night in Luquillo?
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