Monday - Saturday
Historically Low Prices + Tax Incentives = Opportunity
A combination of factors makes this one of the best times to invest in Puerto Rico real estate.
The financial decline that has continued for the past 8 years is finally being addressed by local government and structural changes must be made in the near future to rebuild the economy.
To promote economic development, the Puerto Rican government has created tax incentives under Act 60 (successor to Ley 20/22) to encourage investors to establish residence and headquarter global service-sector businesses in Puerto Rico.
The enormous inventory of foreclosures and distressed portfolios that hung on the market for years have all sold. There are very few foreclosures in the major neighborhoods of San Juan.
Prices are increasing! This is something that we haven't seen for at least 8 years.
While you may have missed speculating on the absolute bottom of the market - you also haven't paid maintenance, mortgage and taxes for these years.
Properties are still a great value in most neighborhoods and its a great time to invest.
If you are willing to go into 'pre-gentrified' neighborhoods - there are still great deals, but they need renovation, vision and patience. They won't be something you 'flip' in a year - but if you hold them for 5-10 years, you should be very pleased. My advise is to buy a building that you can rent in a neighborhood with a name that you could live in if necessary.
With our extensive background in Residential and Commercial Real Estate sales plus our Executive/MBA experience, we are uniquely positioned to assist you when considering the advantages of residence and/or business relocation in the San Juan Metro area.
Once you've determined that Puerto Rico in an appropriate choice for your investment strategy, give us a call and we can review options for residential and/or commercial properties for your move to Puerto Rico.
If you need a broker in San Juan, PR - call 787-455-4216
Our real estate broker office is located in San Juan's SANTURCE Arts District near Ciudadela, Lote 23 & Cobian's Plaza.
Office hours are Monday - Saturday from 9am - 7pm. (by appointment only).