Real estate sales: South America versus Mexico

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In 2010, South America was going through an economic boom thanks to increasing raw materials exports to China and the expansion of the middle class. According to the report Global Cities 2015, from the global real estate consultants Knight Frank, this recovery captured the interest of international real estate investors and sales took off.
However, exports soon slowed down as China’s growth tapered off and long-term interest rates in the United States increased, resulting in a weakening of exchange rates and an outflow of capital from emerging markets. Consequently, real estate sales also suffered. According to Knight Frank, sales of commercial properties hit a peak of close to $15 billion in 2011, and then slid to $5 billion in 2013, with further declines in 2014.
Mexico the exception in Latin America  

Thanks to the stability of its fundamentals, investment in real estate has exploded since 2012. Sales of commercial real estate alone was more than $5 billion in 2014.
Over the last 20 years, 45 million square feet of office space has been built in Mexico City, and 15 million more will be completed by 2017.
With its population of 20 million, Mexico City has become a logistics and distribution center, with construction in this industry exceeding 60 million square feet. The commercial sector alone has more than 1,000 modern retail centers, and there are more than 45 million square feet in operation.
With the recent expansion of Real Estate and …

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