{"id":56232,"date":"2014-08-14T16:42:05","date_gmt":"2014-08-14T16:42:05","guid":{"rendered":"http:\/\/dr1.com\/new\/?p=56232"},"modified":"2014-08-14T16:42:05","modified_gmt":"2014-08-14T16:42:05","slug":"fiscal-reform-has-caused-glut-of-expensive-apartments","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2014\/08\/14\/fiscal-reform-has-caused-glut-of-expensive-apartments\/","title":{"rendered":"Fiscal reform has caused glut of expensive apartments"},"content":{"rendered":"<p> The Builders and Housing Promoters Association (Acroprovi) president Fermin Acosta has denied there is a real estate bubble at present in the country. Acosta said that there is a surplus of unsold units in the upper middle class segment. He attributed this to Fiscal Reform Law 253-12, which eliminated the individual exemption up to RD$5 million for real estate and replaced it with a global exemption per person for all property up to RD$6.5 million. Furthermore, he said that the existence of the Rental Law 4314-55 does not encourage people to purchase apartments for rent. The Rental Law is slanted heavily in favor of tenants.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"vWXSYGyti0\"><p><a href=\"https:\/\/www.elcaribe.com.do\/2014\/08\/14\/descarta-riesgo-una-burbuja-inmobiliaria\/\">Descarta riesgo de una burbuja inmobiliaria<\/a><\/p><\/blockquote>\n<p><iframe title=\"&#171;Descarta riesgo de una burbuja inmobiliaria&#187; &#8212; Peri\u00f3dico El Caribe - Mereces verdaderas respuestas\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" src=\"https:\/\/www.elcaribe.com.do\/2014\/08\/14\/descarta-riesgo-una-burbuja-inmobiliaria\/embed\/#?secret=vWXSYGyti0\" data-secret=\"vWXSYGyti0\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p> http:\/\/faolex.fao.org\/docs\/pdf\/dom135295.pdf<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Builders and Housing Promoters Association (Acroprovi) president Fermin Acosta has denied there is a real estate bubble at present in the country. Acosta said that there is a surplus of unsold units in the upper middle class segment. He attributed this to Fiscal Reform Law 253-12, which eliminated the individual exemption up to RD$5 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2014\/08\/14\/fiscal-reform-has-caused-glut-of-expensive-apartments\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[233,3],"tags":[10],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/56232"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=56232"}],"version-history":[{"count":0,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/56232\/revisions"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=56232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=56232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=56232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}