Property Market Still Buoyant on North Coast

Posted At : June 20, 2008 3:38 PM | Posted By : West Indies Real Estate Team
Related Categories: Dominican Republic Real Estate

According to a recent report in Hoy newspaper, house and apartment sales and new construction have decreased considerably in recent months in the Dominican Republic as a whole, due to rising costs of materials and borrowing. Doubtless, financial factors in North America and Europe have also had an impact. Despite this, Jaime Gonzalez, president of the Constructors and Housing Promoters Association (ACOPROVI), says that real estate sales have maintained a steady pace in tourist areas around the country. West Indies Real Estate has certainly found this to be the case on the booming north coast, where construction of new projects and individual homes continues at an exciting rate. West Indies continues to secure sales for properties across the board, helped by our longstanding reputation and many word of mouth recommendations.