International. 2018 will be a year of transition where both investors and users of the real estate market will readjust to the new contractual conditions, in an environment in which the increase in supply due to the completion of new constructions and the uncertainty generated by the election year in the decision-making of large investors and users will be maintained.
According to Mauricio Montañez, Director of Colliers International (Valuation & Advisory Services), by segments, recoveries in household consumption are expected due to better economic growth and consumer confidence, as well as specific events, such as the effect of the World Cup on the sale of certain products such as televisions, clothing and sports accessories, improving the expectations of tenants and owners of commercial premises and large supermarkets.
As for industrial offices and warehouses, the completion of projects in the main cities will increase supply levels. However, there is a possibility that the economic recovery will come hand in hand with the service, distribution logistics and manufacturing sectors (it is possible that these two segments are interesting alternatives).
The dismantling of tax benefits for the hotel segment will have an effect on the slowdown in investments in this type of asset, although it will not be completely paralyzed. As for the residential segment, it is expected that the rotation in both sale and lease of residential buildings of stratum 5 and 6 will remain low, where a price contraction is also expected to accelerate demand. In the middle strata, the investment dynamics will be maintained, as well as in the VIS projects, despite the fact that in the latter saturation levels are already reached in several cities of the country due to the fact that many investors increased their participation in this segment, above -even- the same user buyers to whom this type of projects is directed.
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