En Español Covid-19 has had a significant impact on the Latin American residential real estate market, with the economic slowdown and increased investor uncertainty serving to dampengrowth in the short term. Nevertheless, the pandemic has stimulated demand for both rental properties and accommodation with outdoor space, while also accelerating the digitalisation of the industry and boosting…
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry in silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system, fostering not only economic, but also cultural links…
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system, fostering not only economic, but also cultural links…
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen to…
GRIColombiareaches its5th edition in 2019. The most senior meeting of this sector in the country takes place on October 16th and 17th, in Bogota, and it will bring together over 200 leaders from theColombianmarket. The main goal is to exchange ideas and experiences, analyze the moment of the industry and what lies ahead, investment perspectives and identify business opportunities. For…
Colombia is home to a distinctive blend of ethnicities, cultures and geography, has the second-largest population in South America and is the continent’s fourth-largest country. After spending much of the second half of the 20th century embroiled in the world’s second-longest modern civil war, the 2016 peace accord brought a formal end to the conflict between FARC and the government. The end o
Following a challenging three-year period characterised by an oversupply of new homes and a growing housing deficit, data from late 2018 and early 2019 indicate the beginning of a revival in the Colombian real estate market. While inventories from the pre-2016 construction boom underscore the old mismatch between developer interests and the needs of businesses and households, suppliers have…
Although it is affected by a slowing economy, the construction sector remains one of the country’s most important industries. The sector posted negative growth in the first quarter of 2019, contracting by 5.6% year-on-year (y-o-y) compared to a decrease of 0.9% in the same period of 2018. Despite government efforts to subsidise low-income housing and invest in health and education facilities,…
Interview: Roberto Moreno How is Bogotá responding to the challenges of urbanisation and densification? ROBERTO MORENO: Bogotá is one of the densest cities in the region, and indeed the world. In addition to densification, we are also experiencing a population shift, a growing middle class and new trends in family planning. As a result, we require smaller but more numerous housing options. In this…
The real estate industry in Colombia and wider South America has undergone substantial change in recent years, driven by an influx of private capital investments from local and international fund managers, sovereign wealth funds and Canadian pension funds. In light of the challenges of navigating Colombia’s property market, most of these investors have taken to partnering with local developers…