INSUBCONTINENT EXCLUSIVE:
The Latin American housing market is experiencing a significant uptick, with Colombia and Mexico at the forefront of this trend.Knight
globally, boasting a 10.9% annual price growth, while Mexico follows closely in eighth place with a 9.4% increase.This surge comes as
interest rates begin to fall and inflation pressures persist in the region
The global housing market has shown signs of strengthening, with 74% of markets recording price increases in the last quarter.This figure
represents the highest percentage in two years, indicating a robust recovery from the pandemic-induced slowdown
Colombia and Mexico Lead the Charge
Regulators are actively working to improve market access and boost housing construction volumes.Brazil also features prominently in the
index, securing the 19th position with a 6.2% price increase
Peru and Chile follow suit, ranking 34th and 45th, respectively.Peru saw a modest 2.3% rise, while Chile experienced a slight decline of
The construction sector has faced challenges since the pandemic, grappling with weakened household finances and high inflation.However, some
countries are now showing signs of recovery
In Colombia, new home sales reached 12,653 units in August, marking a 5.68% increase from the previous year.Globally, Turkey leads the pack
with a staggering 46.4% price increase, followed by Poland at 18% and Bulgaria at 15.1%.On the other end of the spectrum, Hong Kong saw the
steepest decline at -12.7%, with Luxembourg and Jersey also experiencing significant drops.This trend in Latin America reflects a broader
global pattern of rising housing prices
As economies recover from the pandemic and monetary policies adjust, the real estate market is responding with increased vigor.The situation
Nominal Year-over-Year House Price Growth1
United Arab Emirates: 9.6%18
Singapore: 8.6%At the other end of the spectrum, some countries experienced price decreases:China: -3.7%Canada: -3.8%New Zealand: -10.4%Hong
