Latin America. Three real estate markets show very marked differences, not only because Argentina, Colombia and Chile have different characteristics and macroeconomic effects that can affect one country more rigorously or another. In addition to the political and social differences that are determinants in the Consumer Price Index (CPI). However, some countries still seem attractive for investment.
Another reason is that in recent months the low price of properties decreased, so specialists consider it a good time to buy and advised sellers to replace soon in case they have sold.
In the case of Colombia, the demand for housing has been weakening since the end of last year, due to the increase in costs. This situation leads to low-income households lagging behind in purchasing and subsidies being unfavorable.
The National Association of Financial Institutions (ANIF) and the Colombian Chamber of Construction (Camacol) agree that "these difficulties are closely related to the rise in the prices of building materials that affect the cost of sale and the supply of buildings."
In turn, the ANIF, said "that although consumers bought homes with the support of subsidies, they still do not have the guarantee of receiving the properties within the established period or, in the most complex cases, of receiving the home at the same value as they acquired it."
