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I have been watching the carribean market closely, mostly listings in the dominican republic...distressed properties are starting to pop up, it is mostly in the cheaper areas and there have been substantial discounts appearing in the 20-30% range and we are still early in to this...most of the discounted properties are cheaper/smaller ones and this makes sense, it will be the smaller investors who go under first...
the real discounts will come in 3-4 months IMO...
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