A former president of the Asociación de Empresas Inmobiliarias, Francisco Muñiz Pou alerted there is a saturation of the local real estate market with luxury towers. In other words, prices of high rise deluxe apartments could start declining as developers scrimmage to download the units. Muñiz said that there are more apartments in the RD$5-RD$7 million price range than there is demand.
