This report is a marketing research of real estate offers in the Dominican Republic on the Russian market.
Subjects of the research are residential and commercial real estate markets of the Dominican Republic. The observed region makes up a local market.
The object of the research is a realty unit (residential or commercial) in the region under review, offered by companies that are presented on the Russian market.
The aim of the research is to find out the peculiarity of real estate offers of the local market in Russia.
To prevail the following tasks were performed:
• Realty units of the local market were analyzed;
• The structure of realty units offered today on the Russian market was revealed;
• The largest companies operating on the Russian market and offering real property units in observed regions were described;
• Different aspects of real estate investments (a risk, legal characteristics, a tax legislation) in concerned regions were analyzed;
• The demand analysis for overseas real property was carried out and the portrait of a potential customer was described;
• The market capacity was estimated and market development prospects were described.
During the research Vesco Consulting specialists have also turned to experts of the following companies for information: Century 21 Prime Time Realty, HomeInvestor, Trust Realty and «International Investment & Construction», that made possible to use in the research the latest information concerning observed markets as well as customer preferences of the Russians.
This research can be interesting and useful for those companies who are going to offer or already offer purchasing services in Russia concerning the Dominican Republic, as well as for construction and development companies who are going to start business in this region.
I Introduction
1. The object and the subject of the research
2. Aims and tasks of the research
II Important information about observed markets
3. General information
4. The economic situation
5. The specificity of real estate investments
III. The supply analysis
1. The analysis of offers on the Russian market
- Supply structure by realty types
- Residential realty
- Commercial realty
- Land sites
2. Key companies on the market
IV. The demand analysis
1. Potential customer groups
2. Motives of realty purchasing
3. Customer preferences
- Types of realty customer preferences
- Formats of realty and its area preferences
- Price preferences
4. Overseas realty purchasing forms
V. The estimation of market capacity and its prospects
Diagram 1. Supply structure in the Dominican Republic by realty types, %
Diagram 2. Residential realty supply in the Dominican Republic structure by object of sale, %
Diagram 3. Villas supply structure in the Dominican Republic by the housing estate area, %
Diagram 4. Villas supply structure in the Dominican Republic by a lot space, %
Diagram 5. Villas supply structure in the Dominican Republic by geographical location, %
Diagram 6. The structure of villas supply in the Dominican Republic by cost, %
Diagram 7. Apartments’ supply structure in the Dominican Republic by area, %
Diagram 8. Apartments’ supply structure in the Dominican Republic by geographical location, %
Diagram 9. Apartments’ supply structure in the Dominican Republic by cost, %
Diagram 10. Commercial realty supply structure in the Dominican Republic by objects of sale, %
Diagram 11. Commercial realty supply structure in the Dominican Republic by geographical location, %
Diagram 12. Commercial realty supply structure in the Dominican Republic by cost, %
Diagram 13. Land sites supply structure in the Dominican Republic by purpose, %
Diagram 14. Land sites supply structure in the Dominican Republic by area, %
Diagram 15. Land site supply structure in the Dominican Republic by 1 sq. m. cost, %
Diagram 16. Companies’ shares in an offers’ structure (the Dominican Republic), %
Diagram 17. Basic groups of overseas realty buyers, %
Diagram 18. Main motives of purchasing overseas realty of the Russians, %
Diagram 19. Motives of purchase in regions, %
Diagram 20. Preferences by realty types, %
Diagram 21. Customers’ residential real estate preferences, %
Diagram 22. Area preferences
Table 1. 1 sq. m. average price, January 2008, in the Dominican Republic, by types, $
Table 2. Typical conditions of crediting in the Dominican Republic
Illustration 1. Map of the Dominican Republic
Illustration 2. The inflation rate in the Dominican Republic, 1990-2007, %
Illustration 3. Political and economic risks for the Dominican Republic, 2007
Illustration 4. Political and economic risks for the Dominican Republic, 2008