Buying property in Puerto Rico

[thestrongprofessional]

This is probably a long shot but do any of you guys have experience with real estate in Puerto Rico? I moved here about 11 months ago and have been renting since then. I have been doing research on real estate and it seems that the process is different than in the US. Any insight would be greatly appreciated.

Thanks,

Raphael

[sv2007]

Sorry, no experience; but I'd personally contact a few realtors there and get some advice.

This thread reminds me of another thread about buying in Flint or Detroit MI. It seems like taking a gamble (although the RE prices are lower perhaps due , in part, to the uncertainty). How's the taxes and everything there? Did PR get some resolution on its debt issue? Personally, I'd wait a few years until all this settles down before I buy. I guess I'm just not a RE speculator.

[DonaldVeelage]

Sorry, no real experience. But I'm sure it's cheaper to buy property there than it is here in the US. I think you should get advice from a realtor or ask on the Puerto Rico forums. If they have active forums, of course. Because I was surprised to learn that not many countries have forums as a popular form of information exchange