Credit: Shutterstock New era of opportunities in Latin America
Controlled inflation and lower interest rates are expected to boost investment in the region's real estate market
July 12, 2024Real Estate
Por Paulo Alfaro
Latin America GRI Real Estate & GRI Hospitality 2024 attracted over 330 top industry decision-makers to New York, providing a qualified networking environment for senior executives from around the world interested in driving real estate business in Latin America.
Over the course of two days, more than 20 closed-door sessions were held for investors, developers, and financiers across different real estate assets, considering the current economic landscape appears more attractive for Latin countries, as highlighted in this report.
The key factor contributing to this scenario is the forecasted drop in inflation, which will lead to lower interest rates. Additionally, countries like Brazil and Mexico have booming industrial and office sectors. Sustainability is also gaining prominence, with certifications like EDGE and LEED becoming essential, alongside government incentives for green buildings in countries such as Peru, Argentina, and Brazil.
On the other hand, the tourism sector is expanding in the Andean countries, with Colombia leading the way thanks to a record increase in visitors. However, the region faces an urgent need for housing investments, not only in Colombia but also in Chile and Peru. In all three countries, the logistics and data center sectors are attracting capital due to the growing demand for technological solutions.
There was also space to address India, an emerging market experiencing robust economic growth, with forecasts predicting it will become the third-largest economy in the world within the next five to six years.
Below are the details of the insights provided earlier, along with the regional and global challenges, ranging from geopolitical issues to infrastructure and energy problems.
Latin America GRI Real Estate & GRI Hospitality 2024 attracted over 330 top industry decision-makers to New York, providing a qualified networking environment for senior executives from around the world interested in driving real estate business in Latin America.
Over the course of two days, more than 20 closed-door sessions were held for investors, developers, and financiers across different real estate assets, considering the current economic landscape appears more attractive for Latin countries, as highlighted in this report.
The key factor contributing to this scenario is the forecasted drop in inflation, which will lead to lower interest rates. Additionally, countries like Brazil and Mexico have booming industrial and office sectors. Sustainability is also gaining prominence, with certifications like EDGE and LEED becoming essential, alongside government incentives for green buildings in countries such as Peru, Argentina, and Brazil.
On the other hand, the tourism sector is expanding in the Andean countries, with Colombia leading the way thanks to a record increase in visitors. However, the region faces an urgent need for housing investments, not only in Colombia but also in Chile and Peru. In all three countries, the logistics and data center sectors are attracting capital due to the growing demand for technological solutions.
There was also space to address India, an emerging market experiencing robust economic growth, with forecasts predicting it will become the third-largest economy in the world within the next five to six years.
Below are the details of the insights provided earlier, along with the regional and global challenges, ranging from geopolitical issues to infrastructure and energy problems.
