Prime real estate values in Santo Domingo have soared. The List?n Diario in its Sunday "Dinero" economic section reports that the most pricey land in the city is located in the so-called "pol?gono central" of the city, the commercial-residential sector from Naco to Winston Churchill, north of 27 de Febrero. Land there sells for RD$7,000-RD$10,000 the square meter. The most pricey residential real estate is available along the Mirador Norte (Av. Anacaona), where it sells for RD$4,000-RD$5,000, or in Arroyo Hondo for RD$3,500 the square meter. In Gazcue and Los Cacicazgos, land is selling for RD$3,000-RD$3,500. Other pricey areas are El Mill?n selling for RD$2,500 the square meter, or the Zona Universitaria for RD$2,500-RD$3,000, and even Miraflores, RD$2,500. Prolongaci?n Independencia land is going for RD$800-RD$1,200, and land in the Zona Oriental goes for RD$400-RD$2,000 the square meter. The report says that the macroeconomic stability and the boom in commercial activity are unequivocal signs that these are goods times to invest in property. The newspaper says that investors should consider areas adjacent to the pricey areas, and also recommends investments in the Malec?n, the city’s Caribbean-fronting boulevard. For approximate US dollar figures of these property values, divide the above mentioned figures roughly by 15.
