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How goes the market? Specifically in along the west coast? I understand the problems going on in the Island. Is the market a buyers or sellers market? Especially close to the Ocean. Thanks in advance.
It all depends in which area you're looking. The Condado is awakening from a 20 year slump. With the full opening of the Condado Vanderbuilt in November prices in the Condado will be recovering but there might still be bargains. Isla verde is still in a slump. Luxury condos have been taken over by buyers to exploit them and many look like they need urgent care. Prices and conditions will depend on if the condo is used for exploitation or residence. The Beach is always nice except for big holidays when hell breaks loose.
The coast from Loiza, Rio Grande, Luquillo and Fajardo is a mixed bag. The prices here will depend on how close you are to a luxury resort. Dorado is expensive, but once again prices will depend on how close you are to the beach and the new luxury resorts.
Naguabo and Humacao are also a mixed bag, but if you want to be close to the Metro Area, it's not for you. The north coast beach areas are also a mixed bag of prices, but prices tend to rise the closer you are to Isabela.
In a map circulating around the web, it points out the Rincon area as Gringo-land, which will give you a gist of who lives in the area. Prices on the West Coast have been ballooning but once again, the closer to the beach, the higher the prices. Rincon's beaches are good for surfing but once again, the closer you are to the beach, the higher the prices.
Strangely the beaches on the Caribbean side aren't the best, too rocky. Prices here might be more stable, but I don't know of many folks who want to live near Maunabo, Arroyo, or Patillas.
When considering buying real estate in PR you first have to consider what you prefer. The first consideration should centre on rural or urban. Then, how rural or how urban? If urban probably the metro San Juan area and Ponce will be where to look. If you like small cities and towns the island abounds in them, and there is a lot of regional character to each of them. There is great beauty in the smaller cities of the east coast, and the commercial development if highway 3 provides considerable urban needs. Internal towns in mountain regions provide great climates, but you will have some driving to get to urban centres. North coastal towns have generally good beaches but are much more crowded and grown together than west coast villages and smaller cities. Remember that the south coast is hotter and drier than other parts if the island.
Puerto Rico has great diversity. You need to spend a lot of time driving around and visiting many areas before you feel comfortable with any area.
Finally, pricing can be ridiculous or reasonable, so normal caution is advised. Ask people in your area of choice, visit alcaldias for help, and some realtors can help though there is no multiple listings between them. Your personal time consuming involvement and looking for riadside signs will bring you the best results. It is not easy, but very rewarding when you find your dream location.
When considering buying real estate in PR you first have to consider what you prefer. The first consideration should centre on rural or urban. Then, how rural or how urban? If urban probably the metro San Juan area and Ponce will be where to look. If you like small cities and towns the island abounds in them, and there is a lot of regional character to each of them. There is great beauty in the smaller cities of the east coast, and the commercial development if highway 3 provides considerable urban needs. Internal towns in mountain regions provide great climates, but you will have some driving to get to urban centres. North coastal towns have generally good beaches but are much more crowded and grown together than west coast villages and smaller cities. Remember that the south coast is hotter and drier than other parts if the island.
Puerto Rico has great diversity. You need to spend a lot of time driving around and visiting many areas before you feel comfortable with any area.
Finally, pricing can be ridiculous or reasonable, so normal caution is advised. Ask people in your area of choice, visit alcaldias for help, and some realtors can help though there is no multiple listings between them. Your personal time consuming involvement and looking for riadside signs will bring you the best results. It is not easy, but very rewarding when you find your dream location.
I want to be beach side. I prefer the Western part of the Island. Cabo Rojo, Rincon or Isabella.
Remember that all communities in Puerto Rico have very distinct flavours, so it is very necessary that you personally visit them. In the Cabo Rojo district you can check out the Combate region, but it is very dry and quite hot in summer.
West of Cabo Rojo city you might also drive around the roads near Puerto Real where there are nice beaches and usually a lot of property for sale.
If you are overlooking the sea, the prices will be higher. Keep in mind that for some years now PR law forbids construction directly in the beach, consequently the older existing beach structures are expensive.
In Lajas you can look at La Parguera, but it is mostly for the boating crowd with mangroves. There is a small beach on the east side.
On the west coast look at Boqueron, Joyuda and then beyond Mayaguez you have Rincon and Aguada. One nice thing about Rincon and Aguada is the geography. Lots if "bee hive" like hills provide great sea views from many homes and lots. The surf is higher here making it popular with surfing crowd.
Beyond these locations from Aguadilla eastward are plenty of towns along the Atlantic, again, each unique but probably with more expensive sea view property.
Hope this helps. You have an exciting exploration ahead of you to combine climate preference, geography, esthetics, and pricing. Good luck!
Remember that all communities in Puerto Rico have very distinct flavours, so it is very necessary that you personally visit them. In the Cabo Rojo district you can check out the Combate region, but it is very dry and quite hot in summer.
West of Cabo Rojo city you might also drive around the roads near Puerto Real where there are nice beaches and usually a lot of property for sale.
If you are overlooking the sea, the prices will be higher. Keep in mind that for some years now PR law forbids construction directly in the beach, consequently the older existing beach structures are expensive.
In Lajas you can look at La Parguera, but it is mostly for the boating crowd with mangroves. There is a small beach on the east side.
On the west coast look at Boqueron, Joyuda and then beyond Mayaguez you have Rincon and Aguada. One nice thing about Rincon and Aguada is the geography. Lots if "bee hive" like hills provide great sea views from many homes and lots. The surf is higher here making it popular with surfing crowd.
Beyond these locations from Aguadilla eastward are plenty of towns along the Atlantic, again, each unique but probably with more expensive sea view property.
Hope this helps. You have an exciting exploration ahead of you to combine climate preference, geography, esthetics, and pricing. Good luck!
Thanks for the info. I stayed in Cabo Rojo in the last Bldg towards Playa Sucia. BTW IMO the nicest beach on the Island. Gonna check out Rincon and Isabella prices. Didn't know about the construction along the water. I like Rincon and Isabella specifically and being close to the airport is a bonus.
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