SANTO DOMINGO. - Annerys Meléndez, president of the Dominican Association of Housing Builders and Developers (Acoprovi), announced that the number of housing projects approved in the Dominican Republic continues to increase.
In the context of the first El Inmobiliario Forum – Metros Seguros: Real Estate Investment Squared , the engineer explained that in a recent period the registration of certified projects went from 100 to 150 and, later, to 200.
Meléndez asserted that this progression reflects a sustained growth in the country's real estate supply and market mobility.
During her participation in the panel "The legal guarantees of the Dominican market in the face of real estate investment ", led by the CEO of Urbe Construcciones, Vivian Reyes, she highlighted that these percentages demonstrate that "good work is being done in the country" within the sector.
Meléndez recalled that, from the association he presides over, a plan called “Buy Your Home Safely in the DR” has been developed, a campaign designed to guide buyers in acquiring homes safely.
“At Acoprovi, we implemented this plan last year. And we've taken it to international levels. We've visited the diaspora to promote it, with a virtual code (QR) that you can find on our social media and on our website,” he said.
In other news, Annerys Meléndez explained that they aim to address services from two main perspectives: supply and demand . From these two viewpoints, they intend to ensure greater investment in real estate development and, from the demand side, that there are enough buyers.
Another aspect discussed was the importance of having a detailed list of the elements that every buyer should consider to make a safe purchase .
He explained that these points cover legal, regulatory, and project aspects, as well as promotional, construction, and developer considerations. He also emphasized the documents that should be readily available to ensure a secure purchase.
Regarding demand, he pointed out that real estate developments must have quality and a suitable market presence.
Regarding the investor, he explained that it is essential that they feel secure in the existing legal framework in the Dominican Republic in order to make a reliable investment.
“We have therefore identified all those legal aspects, from, for example, the new laws, the laws that we at Acoprovi have promoted,” he said.
According to him, the most innovative is the Rental Law, which was updated and led to the founding of the Ministry of Housing, Habitat and Buildings (Mivhed).
“When there is legal certainty, and there are operational aspects in construction, all of that has an impact and creates an environment in which the investor feels safe to invest and promotes with their offers,” the engineer explained.
