Are Real Estate Markets Overheating in Chile and Other Countries?
Inter-American Dialogue's - Latin America Advisors - Financial Services
September 25, 2012
Chile's robust economic growth and reconstruction following its 2010 earthquake have helped fuel the country's real estate sector, according to a recent report by Chilean newspaper Estrategia. Currently, the country has more than $11 billion in real estate projects under development and housing sales in Chile in the second quarter of 2012 increased 35 percent over the same period in 2011. Will Chile's real estate sector continue to expand at these rates? Is there a danger of overcapacity, or a bubble forming in Chile and elsewhere in Latin America? Where else in the region are real estate markets seeing the most dramatic upside, or downside, and what's driving these trends?
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