The new report, written by the manager of construction and real estate, Juri Franchi, explains the functions of a real estate investor, how to become an expert and conjugate the greatest attraction of the Dominican Republic, tourism, with real estate investments.
Analysis of the environment: Dominican Republic
Before investing in the real estate market, it is necessary to carry out a complete property analysis, including the environment.
For this reason, consider the following parameters:
• Socio-cultural profile: analysis of crime, social class and young people involved in the real estate market;
• Politics: the formation of the government and real estate decisions;
• Economy: unemployment, GDP, risk and inflation;
• Technology: R&D policy or technological resources;
• Legislation, ecology, and ethical values.
Applying that to the Dominican Republic, an investor may consider adding those positive aspects:
• Economic and political stability: legal security and dynamism in the business sector make the Dominican region a stable economy in the Caribbean;
• Access to various sectors, due to its geographical position: it is as an attractive destination for foreign investment and export of goods and services of world-class quality;
• Variety and richness of natural resources: beach, fertile soil, mineral deposits and warm climate.
Plus, the country is recovering from the COVID-19 crisis through tourism, as the Ministry of Tourism confirmed.
In September 2021, tourists brought in 412 million dollars.
Tips for real estate investors
To start investing in the real estate market, take into consideration the following tips:
• Choose the market correctly;
• Draw the investment plan (including expenses, reforms, workers’ fees, etc.);
• Know the current real estate market situation and its latest fluctuations;
• Buy at a low price;
• Try to maximize profits by increasing the value of the real estate in the sale;
• Have an extensive network of potential contacts.
Another critical factor is to know the economic and political situation of the city or country in which to invest.
Contact the best professionals such as WLHRE for the investment to be successful: World Luxury House has the experience and trajectory of more than 20 years in construction, marketing, and related services.
Media Contact
Contact Person: Juri Franchi
Email: Send Email
Country: Dominican Republic
Website: https://jurifranchi.com/
