1- National District Square Meter Prices Have Risen Over the Past Five Years
The General Directorate of the National Cadastre (DGCN) released an updated study on land prices per square meter in the National District.
According to resolution 010-2022, land prices in sectors like El Millón and Mirador Norte have doubled. In 2017, prices were 15,000 and 20,000, and have risen to 30,000 and 40,000, respectively, by 2022, as per the organization’s survey.
2- There Are 54 Articles In The New “Real Estate Intermediation” Bill
As of July 3, 2024, a new bill regulating real estate agents in the Dominican Republic is under review by the special Justice commission of the Chamber of Deputies. This bill has 54 articles, all aimed at protecting property buyers, sellers, and promoters.
The bill’s purpose is to regulate and oversee the real estate market, ensuring its efficiency and transparency. It is designed to protect property buyers, sellers, and promoters, as well as maintain trust in the Dominican real estate market. It ensures proper information about real estate transactions is available, helping the country’s economic and social development.
3- RE/MAX and Plusval Account for Over 60% of Real Estate Traffic on Google in The Dominican Republic
In the last two years, RE/MAX and Plusval have dominated the Dominican real estate market’s Google traffic with over 60% share. This was reported by apartments.do in a study published in August, which analyzed all real estate agencies in the country.
Mr. Home Real Estate Advisors, Realtordr in Sosua, Century 21 Perdomo in Cabarete, and ApartamentosRD are also among the top 6 brands with the best Google search positioning in the national market.
The study titled “Analysis of customer acquisition and reach of the main real estate websites in the Dominican Republic: Rankings and Opportunities” included a detailed analysis of the top 6 best positioned brands in the Dominican real estate market.
4- Dominican Republic Voted Best Investment Climate in Latin America
Mariano Briceño, a Venezuelan investor with over 20-year investment in real estate, stated that the Dominican Republic currently has the best investment climate in Latin America. He praised the country’s geographical appeal, economic progress, and social development.
5- Main Highways in the Dominican Republic
An article by Amelia Cuesta, reveals the main roads and highways essential to the country’s land transportation. Among these are Duarte Highway, Sánchez Highway, November 6 Highway, Samaná Highway, Las Americas Highway, Coral Highway, and Atlantic Tourist Boulevard. The country has 1,395 km of trunk roads, 2,412 km of secondary roads, 1,620 km of tertiary roads, and over 60,000 km of local roads.
6- Three Steps to Safe Real Estate Investment in the Dominican Republic
Hugo Espinal, a real estate advisor at Plusval Dominicana, offers three steps for safe real estate investment: working with an experienced advisor, asking about the investment and development trust in the project, and learning about the developer’s previous projects.
