Happy holidays to all of you from the team at Luperon Ocean Estates. Wishing all of you great success and happiness in the coming year.
Some of the best news this year out of the Dominican Republic is the economy. Despite major flood damage very recently their economy grew by 6.5%.
The central bank in December said that Dominican Republic's economy activity and domestic demand "evolve favorably" and forecasts expect the economy to grow as high as 6.5%, the highest in the region. It said the economy will grow despite the effects of recent floods that have caused widespread damages to agriculture and infrastructure mostly in the north region.
"Credit to the private sector continues to expand at close to 12.0% in November and close the year with an expansion above the Nominal estimated product, " the Central Bank Said on its website.
So, how does all this affect our development. Positive economic growth fuels better infrastructure for our region. This also affects prices for land and homes as rising economies typically are parallel with rising land and home prices.
Happy New Year to all.
