RISMedia's Real Estate Magazine

MAY 2019

Real Estate magazine is the industry's leading source for real estate news and information since 1980. Published monthly by RISMedia, Real Estate magazine offers timely and relevant real estate news to the industry's top brokers and agents.

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RISMedia's REAL ESTATE May 2019 35 What types of buyers do you work with? Are they pre- dominantly local, or mixed from other countries? SM: While buyers come from all over the world, we work with a lot of Americans, Canadians and Europeans, which leads to the rich international community on the island. What I find very interesting is the fact that many of the people who already own property here are getting even more involved in real estate by investing in an addition - al property. That being said, locals from Santiago and Santo Domingo love their beaches and buy beachfront condos on the North Coast in areas such as Cabarete, Sosúa, Puerto Plata and Punta Cana. What are your biggest challenges/opportunities for growth? SM: One of the biggest challenges associated with doing real estate in the Dominican Republic is the fact that we don't have a Multiple Listing Service (MLS), so the indus - try isn't as well organized as it is in other countries such as the United States. However, the government is show - ing a positive attitude toward North Coast development. What do you like most about the region in which you work? SM: What I love most about working on the North Coast of the Dominican Republic is the weather, the abundance of nature and the diverse clientele that I get to work with on a daily basis. On any given day, my clients range from surfers, kiteboarders and artists to entrepreneurs and CEOs. I also enjoy the variety of nationalities who come to the area looking for their own piece of paradise. Where do you see the market heading as we make our way through 2019? SM: All the indicators for real estate development along the North Coast are positive. Not only are there new tour - ism projects, such as cruise-ship ports, on the table, but also new residential developments. Additionally, an ex - tensive renovation of Puerto Plata is on the horizon. How does being part of Leading Real Estate Companies of the World ® (LeadingRE) help advance your business? SM: As we continue to work with LeadingRE and the network of members from across the globe, we are well positioned to assist people from all over the world in - terested in real estate opportunities in the Dominican Republic. RE For more information, please visit www.selectcaribbean.com.

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