Santiago and Punta Cana consolidated as the preferred real estate destinations for the Dominican diaspora at the closing of the Third Real Estate Fair of Banreservas in New York.
The event, held at the Radio Hotel on the 12th floor, attracted over 2,600 people over three days. These figures surpassed expectations, with financing intentions of RD$2,700 million. The data reflects the solidity of the Dominican real estate market and confidence in local banking support.
Developers sold over 500 homes, where 60% are already built and ready for immediate disbursement. Prices range from US$90,000 to US$150,000 in the initial segment, up to US$300,000 in premium options. Santiago and Punta Cana captured the most attention, driven by their urban and tourist growth.
Henry Ogando highlights the enthusiasm of the diaspora
The reality is that this has been a true fiesta of Dominican identity. Complete families have come with the dream of investing in their property and in the Dominican Republic.
This was expressed by Henry Ogando, Senior International Representative Office Director of Banreservas. He added that the first day registered a 90% increase in financing intentions compared to the previous year, highlighting the effectiveness of the solutions offered.
Special conditions that drive Santiago and Punta Cana
Commercial allies programmed 2,000 additional appointments at closing, with rates from 9.50%, financing up to 90% of the value, and 20-year payment terms. These facilities explain the surge in investments in Santiago and Punta Cana, areas with a history of high profitability. In previous years, similar Banreservas fairs generated over RD$5,000 million accumulated, according to institutional reports, strengthening the Dominican GDP through invested remittances.
Next stages and economic context
The fair continues in Lawrence, Massachusetts, with expectations of equal success. This boost benefits development in Santiago and Punta Cana, where tourism and industry grow at an 8-10% annual rate, per capita higher than the national average. Experts highlight that the diaspora, with remittances of US$10 billion in 2025, channels key funds to the real estate sector.
- 500+ homes sold.
- RD$2,700M in financings.
- 60% properties ready.
Events like this reaffirm the role of Banreservas in connecting the diaspora with opportunities in Santiago and Punta Cana, promoting sustained growth in the Dominican Republic.
