Local Execution & PermittingThin moat

A surprising amount of a developer's edge is intensely local and tacit: knowing which plots will become available and what they are really worth, understanding a particular city's slow and idiosyncratic permitting process, having relationships with the planners and officials who control approvals, and reading the local buyers' tastes and budgets. This knowledge is not written down and cannot be bought off a shelf; it is accumulated over years of operating in a market, and it is a genuine barrier to an outsider trying to enter. Dom's depth of local execution in each of its cities is part of why it wins there.

It is also why Dom's expansion strategy — acquiring established local builders, Euro Styl on the coast, Sento and Buma in Kraków¹ — is the right one: it buys exactly this tacit local knowledge rather than trying to build it from scratch. The people, the relationships, and the accumulated understanding of a city come with the acquisition, letting Dom operate as a knowledgeable local from day one. Local execution capability is a modest, unglamorous, hard-to-replicate advantage, and in a business where a stalled permit or a mispriced plot can sink a project, having it in each market is worth real money.