Cap Cana Free Fall Continues - Punta Espada taken by bank
PUNTA ESPADA GOLF COURSE taken by BanReservas and put up for sale!! - Sunport team looking for Euro 50-200 million to take over distressed property inside Cap Cana at the price of about 30% of what buyers originally paid. Harzoury and his people are removed from any management of Cap Cana.....read full story from Cap Cana News

 

Read also: In 2 years foreign property buyers lost over US$ 1 billion in Punta Cana alone

     
Foreign property buyers of vacation homes in the Punta Cana area lost more than US$ 1 billion on unfinished developments like Cap Cana, Punta Perla and Roco Ki among others in the last couple years. This is only the top of the iceberg in the Dominican Republic were a corrupt justice system and useless title guarantee companies has left foreign buyers without money and property all over the island......
Go back | Date: 08 Jun 2012
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