Puerto Rico Real Estate
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The island of Puerto Rico lies about a thousand miles southeast of Florida. It is bordered on the north by the Atlantic Ocean, on the east by the Virgin Passage, on the south by the Caribbean Sea, and on the west by the Mona Passage. Discovered by Columbus in 1493, Puerto Rico belonged to Spain until the Spanish American War. At present, it is a self-governing commonwealth, whose residents are citizens of the United States. The warm year-round climate in Puerto Rico and its abundant sunshine and coastal beaches attract 3 million tourists each year; spending by visitors was $2.1 billion in 1999. Their primary destination is the San Juan area, where numerous luxury hotels are located. San Juan is the capital of Puerto Rico, as well as its largest city. A 2010 real estate survey has estimated the population of Puerto Rico at 3,967,179.

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Caguas

    Miguel Sosa Jiménez
    M&M Quality Services
    Phone: 787-354-8207
    E-mail: msj02@coqui.net
    Calle Corchado #5 Caguas Puerto Rico

Mayaguez

    Mapy Cordova
    M. Cordova R. E.
    Phone: 787-831-5954
    E-mail: mcordova@mcordovare.com
    We are located on the West Coast of Puerto Rico. We are experienced brokers and would love to hear from you and your real estate needs. We're here to help you!

San Juan

More about Puerto Rico

Puerto Rico has two substantially different agricultural systems: one of very small farms mainly producing subsistence commodities, and another of much larger farms principally producing goods for export. Nearly half the commonwealth’s approximately 20,000 farms encompass less than 10 acres each. Only about 1,700 farms exceed 100 acres in size, but they account for the dominant share of the annual value of agricultural products sold. Coffee is the most valuable crop, followed by vegetables, sugarcane, bananas, pineapples, tobacco, and rice. Dairy products, poultry, and beef cattle and calves are also important sources of income.

Commercial fishing plays a relatively minor role in Puerto Rico’s economy. Tuna species caught include yellowfin, skipjack, and bluefin. Small-scale freshwater fish farming is a growing economic activity; fish raised include bass, bluegill, and catfish.

The value of the minerals extracted in Puerto Rico exceeds $160 million annually. Almost all of Puerto Rico’s mineral production consists of construction materials, notably cement, sand, gravel, and stone. Other minerals are clay, graphite, lime, and salt.

Manufacturing activity in Puerto Rico has been encouraged by government incentives such as tax exemptions, loans, and research assistance. The island has benefited from importing capital, technology, and entrepreneurship from the mainland United States. Apparel making is Puerto Rico’s leading manufacturing industry in terms of employment, followed by the production of electronic goods, processed foods, and chemicals. The modern apparel industry evolved from a small-scale labor-intensive needlework industry of the 1940s, and most apparel plants are branches of mainland U.S. firms. San Juan and Mayagüez are the leading centers for making clothing. Other major manufactures include pharmaceuticals, industrial machinery, printed materials, rubber and plastics, metal items, precision instruments, timepieces, footwear, and alcoholic beverages. In 1996 the United States Congress voted to repeal Section 936 of the tax code that provided tax incentives for American companies investing in businesses in Puerto Rico. The incentives for companies already established in Puerto Rico are being phased out over a ten-year period.

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