Latin Business Chronicle asks leading experts about the outlook for Latin America's fast-growing real estate sector.
BY CHRONICLE STAFF
Where in Latin America are real estate companies seeing the strongest demand? What sectors are growing most? Office, retail, industrial? What are the main challenges facing real estate in Latin America? How do they view the outlook for the rest of the year and next year?
Latin Business Chronicle asked four experts to share their insight. Our panel includes:
- David L. Berger, managing director for Latin America and the Caribbean for NAI Global
- Brian Carr, co-head of Morgan Stanley Real Estate Investing – Americas
- Blake Hutcheson, president of CBRE Canada and Latin America
- Mario R. Rivera, director of corporate projects at the Latin America division of Colliers International.
Latin Business Chronicle: Where in Latin America are you seeing the strongest demand?
Hutcheson: In terms of investment demand in the last year, we are particularly seeing a huge push in Brazil, with all kinds of North American capital and a trading environment the likes of which we haven’t seen in ten years. Clearly Chile has been quite active. Mexico continues to be quite active…We’re seeing pretty high volume capital throughout the region.
Berger: In Mexico and Brazil. Mexico – due to its integration in NAFTA, proximity to the U.S., due to its market size of 100,000,000 inhabitants, its...