Singing Pig

Still lots of negative feeling about PP. To be honest in my opinion, there are plenty of good golf course architects around these days - it would be nice if Nicklaus did it, but it's definitely not the end of the world. I certainly know Nicklaus courses in the UK that I haven't enjoyed playing.

   For most of us involved on this forum, what we're really bothered about is whether we think the developer will keep their word with the 15% rental guarentee. If they do then are we really bothered if the golf course is designed by Nicklaus, Faxio, Palmer, Watson etc etc ??

 

sclja,

CapCana resort is still being constructed. Go to capcana.com to see the properties available. Everything sold by capcana sales uk will not be constructed because of a fall out between the developer of the units sold by cap cana sales uk and the main developer of the capcana resort. If you still want to get involved in capcana then you can do. You just need to contract with capcana in the US or in the DR.

I am also of the opinion that JN course would be great at PP but if they don't sign him (which seems likely) then another good name will not be the end of the world.

I am sure there are plenty of well off working class families will see this as a dream resort. What PP need to do is price the resort properly. As it stands I personally believe the resort is overpriced for where it is and what you get so would need some incentive to get my signature on my contract. Huge demand was there for these 2 bed villas on CC at $325k - whether they will get the same demand at PP at much higher prices remains a major doubt.

David.

Hi all,

just got back from A Place In The Sun show and many people's opinion was the Jack Nicklaus is still definitely going ahead with design on CAP CANA. If this is the case then it is 99% certain that he will not be involved with Punta Perla (doesn't make sense him doing both as it will make the whole thing less exclusive). As Augusta says, not the end of the world if he doesn't do PP, but they better get someone decent otherwise it will downgrade the resort (surprising they haven't confirmed someone already). One of the agents I spoke to seemed to think the actual designer could effect the value by up to 40% (up or down) as the americans are golf crazy.

 

Passmaster, my point exactly, golf property will have good value if the course is designed by a one of the greats like Nicklaus, and of course the continuing management needs to be spot on. Property values will be adversely affected if its just another designer.

To say its OK becuase there's a rental guarantee in place is b******t, so what, I want the value of the property to stand a good chance of gaining tremendous value just in case the rental guarantee fails, which it quite easily could.

You can buy much cheaper Dominican property on golf resorts because the courses are just there for the sake of being there, is Punta Perla going to be like this??

Passmaster I am gutted I cant get to A Place in The Sun live, whats the gossip about DR or other overseas investments??

Hi Evans,

I'm quite lucky because the Excel centre is just down the road from me (I live in Docklands) so popped in again today - it's was very good for certain things like getting free 1 to 1 advice on SIPPS, seeing what trends are etc but I assure you, you didn't miss much.

 

As predicted,  there was a lot of marketing on Turkey, Croatia, Bulgaria, Montenegro, Cape Verde as well as the usual suspects (Spain, US (Florida), Crete, Cyprus etc).  This time there was a greater focus on Caribean and Canada and some bargains to be had in Goa and Panama (3 bed villas in secure gated communities for under £60k). 

 

I would say Goa was the most interesting investment of the new kids on the block as it ticks a lot of boxes -

- Friendly people with a strong culture

- safe for tourists

- Extremely cheap cost of property along with really cheap cost of living (you can live like a king there for £500 per month)

- Established tourist destination

- Clost to beaches

- Direct flights from UK

The indian economy is currently the fastest growing in the world due to the strenghts in IT and Agriculture.  This  means that property value will be in line with this growth (it is estimated that Indian economy could be in the top 3 of the world within 15 years - incredible prospect considering you can pick up a 1 bed place for £25k.

Panama also looks interesting but I would still need some more reassurances about the safety aspect. It is recognised however as one of the best retirement destinations in the world at the moment due to the incentives to go and live there. Also, a property purchase there automatically entitles you to residancy which is great. Not many places in the world you can visit the Caribean Sea and the Pacific Ocean in the same day. Another benefit is that there are no hurricanes worries there. Again, veyr cheap at the moment.

One more big thing on the grapevine is Borovets in Bulgaria. Will be huge and even moreso if Bulgaria gets the 2014 Olympics.

 

Another interesting aspect was the SIPP situation which will clearly benefit all high rate tax payers the most (a bit of a boo boo by Gordon Brown) as it doesn't really work as well for the ordinary man on the street. He's clearly messed up but won't realise  this for a while so worth cashing in on this one for the next 5 years if you pay 40% which most of us on here do. The great thing about the exhibition is that you can spend 30 mins with one of the experts in this type of area for free - otherwise they tend to charge ridiculous fees for the same service if you go there offices!

 

 

So, you buy your punta perla property at a rather high intitial cost, you hope to hell that your rent is paid by the rental pool for 10 whole years without a hitch (fat chance), by which time you will be left with a property that probably wont be worth any more than you paid for it.

Looks as though CapCana DR have a list of names and telephone number of original buyers thru CC UK. I've just had a call from CCDr asking if I'm interested in buying direct. Property they are selling is VERY expensive.

Can't see how/why CCUK would give list to CCDR. CCUK is now selling Punta Perla, and hardly likely to give its prospect list to a competitor.