It turns 20 today. It is one of the seven municipalities created on October 16, 2001 by Law 163-01, when it was separated from the National District and the province of Santo Domingo was established.
The vast Santo Domingo East, or eastern zone as it's popularly known, has been one of the fastest-growing areas in recent decades. A vibrant commercial sector extends throughout its diverse neighborhoods, home to major national brands. The real estate sector has also seen significant growth. Our interviewee, Reyna Echenique, of Echenique Real Estate, has been in the industry for 16 years and can attest to this.
What area of the real estate sector do you work in?
Sales and Resales
What type of properties do you sell: high-end, affordable, or mid-range?
The three sectors
In which areas does it work?
National District, Santo Domingo East and the eastern tourist hub of the country.
How is the real estate market doing in Santo Domingo East?
Very dynamic, innovative and constantly developing
¿What's new after the pandemic?
An increase in the search for housing, specifically by Dominicans residing abroad.
How many projects are currently underway?
Large projects: 6. Small projects: around 10
How are sales and resales going?
Very dynamic, high-growth, it is a highly sought-after area to live and invest in
How are prices? Have they gone up?.
Since the pandemic, everything has gone up; in Santo Domingo East, prices start at USD 62,000
Are there many real estate agents and agencies?
Yes, quite a lot; every day a new agency is formed and many informal real estate agents emerge.
How much has Santo Domingo Este developed in recent years?
By 200%, to the point that major brands of stores and fast food restaurants have started home delivery in this area.
