The Pulse of US Real Estate
October 14, 2024
Market Insights

Outlook: Dominican Republic 2024

A detailed analysis of the general outlook for the Dominican Republic.

Azendia Group's 2024 report presents a positive outlook for the Dominican economy, highlighting its stability and ability to attract foreign investment. The Dominican Republic has implemented institutional and legal reforms that facilitate capital inflows and strengthen investor confidence. In addition, sustained economic growth is reported, with tourism as the main driver, contributing significantly to GDP and to the dynamism of the labor market.

However, it identifies risks such as global inflation, extreme weather events and geopolitical tensions that could negatively impact the tourism sector and real estate investment. Despite these challenges, the report highlights that the country continues to offer attractive opportunities for long-term investment, particularly in sectors such as tourism and infrastructure development.