Attorney General Letitia James and Congressman Adriano Espaillat recently issued a consumer alert warning New Yorkers about real estate scams.
SANTO DOMINGO.- Alberto Bogaert, president of the Association of Real Estate Companies and Agencies (AEI), called on Dominicans residing abroad to continue investing in the country and take advantage of the opportunities presented by putting capital into real estate on Dominican soil.
“Dear Dominicans residing abroad, I want to invite you to continue investing in your country, to continue receiving all this added value and profitability from the properties we offer you,” says the representative of the real estate agents, in a video published on the institutional Instagram.
Bogaert asked the Dominican diaspora to continue trusting in their country and advised potential buyers to make their investments through safe and expert hands.
He recommends doing business through the real estate agents and agencies affiliated with the organization he represents, while also inviting them to visit the association's website, where the list of members of the entity, duly vetted and certified, is available, he specifies.
“All our members are properly certified and vetted to work in the real estate sector, and the properties we are offering are properly vetted to be placed on the market,” said Alberto Bogaert.
“Dominicans, continue to trust in your country, continue investing in the Dominican Republic,” the message concludes.
Distrust
As a result of the scandal in the country, where the Attorney General's Office dismantled, through "Operation Nest," a network that defrauded buyers with real estate projects, many Dominicans residing in the United States are afraid to acquire properties in the country, given the situation, which, although temporary, has undermined confidence in the sector.
According to the Attorney General's Office, the real estate projects offered by the network were located in Santo Domingo East, through the companies INDISARQ, CRD Equipos Pesados, Grupo Wirmar, and Auto Xpers AFM, which were created to execute their fraudulent scheme to the detriment of more than 300 victims.
This April, Attorney General Letitia James and Congressman Adriano Espaillat issued a consumer alert warning New Yorkers about real estate scams targeting the Dominican community.
Attorney General James, with the support of Congressman Adriano Espaillat, has urged residents to exercise caution when making real estate investments, especially in properties outside the United States. The Attorney General's Office recommends conducting thorough due diligence, personally inspecting properties, and consulting with legal professionals before investing.
