The initiative also includes an education plan aimed at buyers of commercial premises and the diaspora public.
SANTO DOMINGO. -The Dominican Association of Housing Builders and Developers (ACOPROVI) announced yesterday that it signed an agreement with five of the main entities in the country's construction and real estate sector, with the aim of strengthening the industry and providing more security to buyers and investors.
A press release highlights that the agreement aims to promote best practices in the construction and real estate sector. As part of this objective, it emphasizes the dissemination of information, guidelines, legal mandates, and educational initiatives to prevent real estate scams.
The organizations involved said that going forward they will jointly inform and guide on this matter, so that Dominicans have a reliable source of information to evaluate and choose their real estate solution providers, the document details.
“We have seen how unscrupulous individuals have abused the good faith of Dominicans, leading them to believe they will be provided with housing and then defrauding them. This represents serious harm to buyers, while also casting an unfair shadow over reputable companies in the sector, when the reality is that the leading companies operate in accordance with the law and in compliance with technical requirements. Today, we are joining forces to provide security for Dominicans,” stated Annerys Meléndez, president of ACOPROVI.
Representatives of the entities sign the agreement. (External source).
Among the technical aspects that will be worked on jointly are: construction methods, conceptualization and financing of projects, permits and legal documentation.
The initiative also includes an education plan aimed at local buyers, the diaspora public, and investors, according to information sent to El Inmobiliario.
It states that with this initiative, the unions seek to provide security to a sector of vital importance to the country's economic growth; in other words, they also want to foster investor confidence.
The organizations joining forces with ACOPROVI are the Association of Housing Promoters and Builders of Cibao (APROCOVICI), the Association of Real Estate Agents and Companies (AEI), the Association of Builders and Developers of La Altagracia (ADECLA), the Dominican Association of Short Rents (ADORECO), and the Dominican Chamber of Construction (CADOCON).
