Dominican Republic's Real Estate Shaped by Successive Governments

The Dominican Republic’s property market has evolved alongside the policies of successive administrations. Under the Reformist Social Christian Party (PRSC) led by Joaquín Balaguer, large‑scale infrastructure projects such as roads, bridges and urban developments boosted land values in Santo Domingo and Santiago. The Dominican Revolutionary Party (PRD) governments of the late 1970s continued housing programs despite oil crises and inflation, while the 2003 banking crisis under Hipólito Mejía’s tenure caused devaluation, higher interest rates and a credit squeeze that delayed construction.

The Dominican Liberation Party (PLD) era saw strong expansion, fueled by macro‑economic stability, rising tourism and foreign investment, culminating in Law 189‑11 (July 2011) that modernised mortgage and trust frameworks. The current Modern Revolutionary Party (PRM) administration has navigated COVID‑19, global inflation and rising rates, yet the sector remains a major employer and investment driver, supported by the new Ministry of Housing, Habitat and Buildings and ongoing projects in emerging tourist zones like Pedernales.