Everything points to the real estate industry achieving outstanding results during 2021. The projections and figures issued by the Central Bank in the latest reports leave no doubt about the positive moment the sector is experiencing and which will continue to expand even further.
There isn't a single sector or area that isn't booming. Sales, resales, rentals—wherever you look, the scene is the same: an overdemand for properties, and developers can't keep up with the projects that are selling like hotcakes.
In interviews with actors from different areas of the country, El Inmobiliario has confirmed that this is not a phenomenon exclusive to the Dominican capital; Santiago, San Francisco de Macorís, Jarabacoa, Santo Domingo Este and Punta Cana are also experiencing their period of splendor.
In recent years, the vertical growth of cities has been a constant. In fact, it is one of the reasons that has contributed to worsening the parking problem, since most residential areas that once had single-family homes have been populated with multi-unit apartment buildings.
The fact that COVID-19 has served to boost the growth of such an important sector for societies is an encouragement, amidst the trail of pain generated by the presence of a pandemic that has taken the lives of more than two million people worldwide.
The COVID era reaffirmed the importance of housing as a basic necessity, positioning second homes not only for leisure but also as an investment option. Let's just hope that so many buildings meet the requirements and that we don't encounter any surprises later on, generated by the rush to capitalize on the current boom.
