A name has been given to the force that guides the real estate market these days. More than a name, a concept we may or may not agree with; this is CONFIDENCE. It is understood that with the stability that this country enjoys now the uncertainty of the last two years has disappeared, and the market begins to move forward. Our opinion is that it is not happening with the force of years  from 1998 to 2003, but it is necessary to clarify that it was a brute force whereas the investment moves forward now with safer steps.   

According to Miss Lissete Balbuena Séller, General Manager of Stewart Dominican Title, there are many factors that contribute to the favorable investment climate in the present time, among them the modifications of the real estate law, the new standards on zone delimitation in the tourist area, and the fall of the interest rate.   

This approach is totally correct. There is nothing of greater importance for a foreign investor than to eliminate the uncertainty that generates a purchasing process, may it be of a second home or of property to generate wealth. If we add to all this that there is an appropriate financial climate with opportunities of obtaining financing at moderate rates, then we would have to agree with the assertion of Miss Balbuena Séller regarding the fact that this is “the best moment to invest” in the Dominican Republic.

PRICES AND PROSPECTS

There isn’t any standardized or average range of investment in the real estate market in the Dominican Republic. It is rather  suggested once again to evaluate the degree of risk and investment profile of the future buyer with the help of a legal and financial consultant. Besides this consideration, we can say that the Dominican Republic offers opportunities of several types of properties and on different range of prices. There is a conservative range that includes properties from US$30,000.00 to one million dollars, depending on the interests and the economic capacity of the investors.

Where at concentrated at this time the greatest amount of projects of real estate investment? We don’t have an absolute answer for this question, but -if we were to make some type of bet- the answer would be that Bávaro and Punta Cana enjoy at this moment the greatest amount of resources.  

Currently, we can mention several real estate projects in which interested parties can invest. Among them we have the following: “Las Brisas de Guavaberry” (“The Guavaberry Breezes”) (www.brisasdeguavaberry.com); Las Terrenas Country Club, presently paralyzed, but without doubts an outstanding project in one of the hidden paradises of our country, and where to my criterion the best projects in the next five years due to the beauty of this community and the biodiversity that it offers.

More information on this project can be obtained at www.lasterrenascountryclub.com.

Of course, there is no way to ignore one of the most ambitious and beautiful projects of this country: Cap Cana Golf & Resort. The complete information on Cap Cana is available at www.capcana.com. Another immense project that promises to be a huge success is currently in the development phase in one of the most impressive places of the deep East –due to its beaches with intense waves- is located in Macao, Higüey. Its name is strange, but it is a great project. I am talking about Röco Ki. Its website is www.rocoki.com. In the near East, next to Guavaberry, we find projects like Club Hemingway, and Metro Las Olas (“Metro the Waves”), wonderful development projects for clients of diverse portfolio needs.