Colombia. José Urbina, Chief Financial Officer of Colliers International for Latin America, paid a visit to support the company's excellent operation in the country and to join the celebration of the company's 17 years of operation in Colombia.
Taking into account that the situation of the region is going through different moments in the commercial dynamics, José Urbina, shared his appreciation on the subject.
"The economic situation in Latin America is very much in line with what is being experienced worldwide, where the fall in commodity prices, and especially the fall in oil prices have hit Latin American economies very hard, especially in countries such as Colombia, Brazil and Venezuela where it has become more evident, Urbina said.
"In Latin America it has also been felt. Until recently Latin America experienced significant growth, some exceeding 5%, but at this moment we are entering a recession stage in which some countries are trying to diversify to overcome the crisis," he said.
There is a combination of declining access to credit by Latin American economies, and restrictions on credit applications by companies to protect themselves from currency fluctuations, and to expect more favorable economic prospects.
Although this economic situation has affected the dynamics of the corporate real estate market, Colliers International Colombia is presenting positive results so far this year.
