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January 27, 2020
We have just done our forecasting exercise for the global economy and the Colombian economy, and we are seeing the glass get a little fuller. We do not see a world with spectacular growth, but we do see a world in which uncertainty is less than it was a few months ago, allowing world growth to stabilize.
August 9, 2019
The 2018 exchange rate crisis drove the economy into a strong recession that ended the mortgage spring that had led the previous year's growth. There are still no clear signs of a solid recovery in the sector, although the outlook for 2020 is positive. There are opportunities for improvement in terms of housing.
June 3, 2019
As with the rest of the economy, the construction sector experienced a significant slowdown at the end of 2018. The two main components, Building and Civil Engineering Works, recorded drops in GDP in the third and fourth quarters.
March 28, 2019
Sales of new apartments in Lima continued to recover in 2018 in a context of improved formal employment, attractive interest rates, and some government incentives. We estimate that sales improvement will keep consolidating this year. On the prime office market side, the supply of previous years is gradually being digested and this will still continue in 2019.
November 7, 2018
The GDP of construction closed 2017 with a fall of 1.1% in the annual rate. This is a result of the 10% decline in civil works and the slowdown in building that only improved 0.4%, both in annual terms. However, for the second quarter of 2018, the construction sector has an accumulated advance of 2%.
August 27, 2018
Exchange rates over the past few years have had a positive impact on the real estate sector, yet recent currency upheaval has given rise to a considerable deterioration in accessibility conditions. Even so, the slowdown should prove to be only fleeting and there is not likely to be any huge increase in the supply of properties that might prompt a downward price correction.
June 5, 2018
1Q18 ended with a greater increase in home sales than previous quarters, despite the contraction seen in March. This increase encouraged housing prices to rise, although at slower rates and with heightened regional heterogeneity, according to appraisals. Housing investment, for its part, rose sharply in 1Q18.
April 5, 2018
After three months of stability, home sales grew in January. The positive economic situation, coupled with good news from the mortgage market, continues to bolster residential demand. The biggest highlight in construction for January was an increase in the sale of land and a moderation in the growth of visas.
March 5, 2018
House sales remained virtually stable for the second month in a row. This is accompanied by an increase in housing prices and a slight correction in the signing of building permits in 4Q17. The first data for 2018 are positive for the sector: new mortgage credit grew, and financial costs remain minimal.
February 6, 2018
Following a slump in October, home sales plateaued in November. Information from subsequent months, however, points to reinvigorated sales, with mortgages up in December and both employment and consumer confidence showing improvements at the outset of 2018. Visas, meanwhile, were down in November.
February 2, 2018
The problems that are affecting the construction sector could lead to lower growth this year than we expected. The Government has been working on measures to contain these problems. We hope that its intervention will reduce the uncertainty that is affecting the sector.
November 24, 2017
En un seminario esta semana sobre el sector inmobiliario, organizado por Camacol Bogotá y Cundinamarca, tuvimos la oportunidad de poner un foco en lo que está pasando en términos de inversión e inventarios del sector, pero también de las expectativas.
