Unfinished buildings

[NewsWhore]

Santo Domingo, together with many other parts of the country, is littered with unfinished construction projects. According to Jaime Gonzalez, president of the Housing Constructors and Promoters Association (ACOPROVI), this is due to the increase in the prices of basic building materials like cement and metal bars. He added that even projects with large budgets at their disposal have slowed down the rates of construction. Juan Tomas Hernandez, head of the Dominican Engineers, Architects and Surveyors Association (CODIA) said that once the fear of price increases hits, constructors reduce the speed at which they build. Gonzalez said that March was a "dark" month for builders, as prices went up everyday, but that April looks to be promising. He explained that the quintal of metal bars cost RD$2,000 in February and went up to RD$2,700 in March.

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