Latin America: the new face of the property market

The Latin American property market is undergoing a dramatic transformation. While the Brazilian market is suffering the worst crisis in its history, Argentina, Mexico and Colombia are instead taking centre stage.

According to the Latin American investment management company Paladin Realty Partners, Colombia offers strong GDP growth and a rapidly expanding property market.

Another growing market that investors are watching with interest is Mexico, which saw 2.5% year-on-year GDP growth to July this year along with rising prices in the prime housing segment. BMI Research found that the outlook for the Mexican real estate market has rarely been stronger in recent years, with a steadily growing economy and forecasts for average annual GDP growth of 3.7% from 2016 to 2019.

The renewed interest in Argentina derives from the policies pursued by the government of Mauricio Macri, including free movement of capital in and out of the country. Investors are returning and many are purchasing properties in Buenos Aires.