The emerging markets of Brazil and Mexico offer real estate speculators the potential to enjoy a significant return on investment, it has been suggested.
According to the Americas edition of the Emerging Trends in Real Estate 2011 report published by Price Waterhouse Coopers (PwC) US and the Urban Land Institute, the two countries account for two-thirds of Latin America's
population and the majority of its "growth dynamics", IPE.com reports.
In particular, PwC recommends looking to development projects in Brazil
, with a "ton of new space" available and a high demand for houses remaining. "The middle class is huge, and dramatically increasing; populations concentrate in urban areas, creating intense demand for high-rise residential and retail," the body explained.
Meanwhile, in Mexico real estate is expected to continue to post improvements in 2011, although much depends on the US economy, IPE added. In addition, new laws now allow domestic pension funds to invest in real estate and infrastructure, boosting the property market liquidity and demand for products.
- Tuesday 23 November 2010