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Cabarete - Artist House with Bar steps from the Beach Price: US $ 85,000 Location: Cabarete Status: Sold Contact Agent Previous    Play Pause    Next Bedrooms: 2 Bathrooms: 1 : Lot size (m2): 1,137 Lot size (sq feet): 12,239 Lot size (acre): 0.28 : Living area (m2): 155 Living area (sq feet): 1,668 : Floors: 1 Monthly maintenance fee: Call For Price Noise Level 1=very quiet: 2 Home Features Cable/Satellite TV Close to the Beach Closed Parking Furnished Private Generator Description: Cabarete: Special Offer ! Only valid until: 31.08.2010 Price reduced from 120,000 USD 85,000 USD Charming House with Bar, large garden and workshop, less than 200 meters from the beach, in good area with several hotels, providing year round tourist trade. Attractive house with living and dining room, kitchen, 2 bedrooms and bathroom. There is a conveniently located workshop with a small sleeping area plus a Caribbean style bar in beautiful gardens, completing this delightful property, full of local style and charm. The price makes this an excellent investment, even if you have no interest in the commercial use, but to buy a home and business in this area for such a reasonable cost is a great opportunity. Living area: 110 m2 / 1,183 sq. feet and 45 m2 little house 484 sq. feet Lot Size: 1,200 m2 / 12,917 sq. feet 0.3 acre This property needs to invest 15,000 USD to be perfect, but the lot keep space to add more buildings. Contact Agent Mortgage Calculator Printer Friendly Version of This Page Email This Listing to a Friend Listed by: Default Admin Homepage: http://www.dominican-properties.com This listing has been viewed 5828 times.

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Dominican real estate or immovable dominican properties is a legal term (in some jurisdictions) that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate (immovable property) is often considered synonymous with real dominican property (also sometimes called realty), in contrast with personal dominican property (also sometimes called chattel or personalty). However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property. dominican republic real estate

In recent years, many economists have recognized that the lack of effective real estate laws can be a significant barrier to investment in many developing countries. In most societies, rich or poor, a significant fraction of the total wealth is in the form of land and buildings. In most advanced economies, the main source of capital used by individuals and small companies to purchase and improve land and buildings is mortgages -- bank loans for which the real property itself constitutes collateral. Banks are willing to make such loans at favorable rates in large part because if the borrower does not make payments the lender can foreclose, that is, file a court action that lets them take the property and sell it to get their money back. But in many developing countries there is no effective means by which a lender could foreclose, so the mortgage loan industry as such either does not exist at all or is only available to members of privileged social classes. dominican property