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The U.S. subprime crisis is having a minimal impact on Latin America’s fast-growing real estate sector. Brazil, Mexico and Chile lead the way.
Tagged: Brazil, Canada, Chile, latin america, MexicoPosted on: October 22nd, 2007“While the U.S. subprime crisis is causing concern in the United States, Latin America’s real estate sector is seeing continued strong demand, helped by record investments, growing economies and years of pent-up demand for new property.
“Clearly the credit crunch in North America has harmed consumer confidence and put some investors on the sidelines waiting to see what it really means,” says Blake Hutcheson, president of CBRE Canada and Latin America. “However, there’s still an outrageous amount of capital – all focused on real estate – globally, and Latin American markets are very much in vogue.”"*
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Filed Under: 1. Hispanic News, Business, Business News, International
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