Agents and real estate companies consider it important for the Dominican Government to continue taking measures that promote the increase in home sales
Dominicans residing abroad are currently having the greatest impact on the dynamism of the country’s housing market.
According to managers of the Association of Real Estate Agents and Companies (AEI), Alberto Bogaert, president, and Reyna Echenique, secretary of the Board of Directorsthe development of the real estate sector is at the national level, with Dominicans residing abroad being the ones who have contributed the most to making this happen.
When participating as guests in the Economic Meeting of TODAY, the directors of AEI said that a large part of Dominicans who live outside the country are buying their real estate in their provinces of origin, as well as in tourist areas.
They highlighted, for example, the development of the real estate sector in San Francisco de Macorís, La Vega, Bonao, Santiago, Punta Cana, Juan Dolio and Bayahibeamong other locations.
They assured that some real estate companies carry out an important promotion in countries where there are important communities of Dominicans to promote housing projects with the aim of being more aggressive and not sitting around waiting for them to come to the Dominican Republic.
They added that it is no longer just going to the United States, as it was traditionally, but also to countries in Europe and South America.
They stressed the importance of the Dominican Government continuing to take measures to promote the increase in home sales, taking into account the impact it generates on the economy and well-being of people.
They cited among them the release of legal reserve resources and initiatives to control the increase in the prices of construction materials.
Short rent and Airbnb grow
The Association of Real Estate Agents and Companies (AEI) reported that the construction of homes and apartments for short rent or for the Airbnb modality is currently gaining momentum.
That is why the AEI considers that this type of income should be regulated through the Rental Law, so that its boom is not harmed with the possibility that has been raised of taxing the services offered through digital platforms.
He assures that of every three projects that are being built, one is for the short rent or Airbnb modality, because this business is seen as the main source of income or extra for many people, including Dominicans residing outside the country.
AIE highlights the impact that this has on the economy, due to the multiplier effect in other sectors, including construction.
In addition to helping to develop new tourist niches.
