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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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To: THE ANT who wrote (73767)5/7/2011 5:06:45 AM
From: elmatador  Read Replies (1) of 217836
 
Latin America's housing boom
It's not all froth
Big price hikes at the top end reflect a new, richer reality

...

Beneath the froth of the luxury market, the Latin American reality is a long-standing shortage of property. Peru has a housing deficit of around 900,000; estimates for Brazil’s vary from 5m to 7m. Many governments in the region are chipping away at the problem by offering subsidised housing loans to the lowest-paid. But the market impact is limited by tight government budgets. Arguably the recent price rises at the top end are simply a correction after many years in which quality housing could be picked up cheaply by the few people in the region able to pay in cash. Now they are facing competition.

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