Real Estate & Legal News in Dominican Republic from Propertyshowrooms.com

Dominican Republic real estate 'sought-after'

Thu, 10 Mar 2011 00:00:00 GMT

Low prices, great ambiance and easy resale in the Dominican Republic has ensured that the location remains one of the most sought-after segments in the Caribbean today.

According to an article by Stock Markets Review, investors have been heading to the region to take advantage of the favourable business environments, as well as the climate.

In addition, those hoping to buy property in the Dominican Republic will also find that there are a lack of legal loopholes and bureaucratic red tape among the property authorities and administrations.

This, the news provider explains, makes it less cumbersome for buyers looking to make a purchase.

"While other nations have heaped on regulations and levied a great number of taxes on the foreign investors, the Dominican Republic has been clever enough to abstain from doing the same," the article noted.

"The result is a booming business and even better future - both for the investors as well as the property market in the region."

Dominican diaspora pioneer town wants progress now

Thu, 20 Nov 2008 00:00:00 GMT

BAITOA, Dominican Republic.- Hundreds of residents of the Baitoa Municipal District yesterday visited Congress to urge lawmakers to pass the Law granting it the status of Municipality as soon as possible, noting that the studies and evaluations conducted over two years concluded that the community meets all the legal requirements and conditions to obtain the status of a city...

Landmark case may test Dominican zoning law enforcement

Thu, 6 Nov 2008 00:00:00 GMT

SANTO DOMINGO.- The Court for Municipal Matters in greater Santo Domingo’s Luperón avenue today resumes the hearings in the lawsuit filed by the Los Cacicazgos Neighborhood Board, against the builders of the luxury highrise Torre Plata...

Focus on protected areas

Tue, 9 Sep 2008 00:00:00 GMT

Eleuterio Martinez, the new deputy minister in charge of Protected Areas at the Ministry of Environment has announced that one of his first tasks will be to seek a series of changes to Sectorial Law 202-04 on Protected Areas. As reported in Diario Libre, he said, "What we have is madness. There are many protected areas that are only protected on paper. Now we have to see how these areas can be managed." Martinez was involved in the creation of 55 of the 68 protected areas defined in 2004. He said that another of his first tasks would be to salvage the Los Haitises National Park, because it is a vital source of drinking water production for the country. He said that both the Jaragua and East national parks, two protected areas where major hotel developments were being contemplated by the Ministry of Tourism under former minister Felix Jimenez, would be placed at the service of Dominican society and the greater Dominican interest. Martinez first became involved in the environment as a guide to protected areas. He said he would be found more on site in protected areas, than at the office.
Eleuterio Martinez was appointed as part of the new Environment Minister Jaime David Fernandez team that took office last week.