Apartment Prices in SD

Gemini

New member
Jan 5, 2002
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Is it possible to buy a condo/apartment unti in SD and on average what would it cost. Looking for something reasonable in a fairly nice area.
 

Golo100

Bronze
Jan 5, 2002
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apartment prices

Prices for apartments in the Santo Domingo area depend on location. For instance, a three bedroom, which is the standard distribution size(Approx. 150sq. mts and up) will range in the vicinity of $400,000 to $700,000 pesos in low income neighborhoods. Newer apartments are more expensive.

In a nice residential area like Piantini, Bella Vista, Los Cacicazgos and Naco the same apartment would sell for well over $1,500,000. Some as much as $7,000,000(Hi-rise towers with lots of extras and as many as 3 parking spaces)

In other words, the difference between low income and high income area can be as much as 3 to 10 times as much. I have seen prices go up as much as $1,000,000 in areas such as Alma Rosa, Ensanche Luperon, Villa Mella for new projects, even though these areas are either very close or in the heart of low income communitites.

In towers over 7 floors the possibility of finding an apartment for less than $3,000,000 is almost nil, unless the apartment is very small(150sq. meters) But most apartments in high rises are larger than 200sq. meters.

Numbers dont lie though. If you pay less than $1,500,000 for an apartment it means the neighborhood is not that good. Be prepared for lots of community conflicts, bad neighbors, lots of noise, colmadones, street vendors, solicitors, garbage, car honking,people hang drying clothes in their balconies and galleries, and on and on. It is worth to pay the price if you can to have peace of mind. Peso to dollar exchange=17 pesos to 1 dollar


TW