According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.
U.S. home builders just completed four days of talks with Chilean government, trade and industry officials that are geared toward increasing exports of softwood lumber and other wood products to America.
According to STR, hotels in Central and South America recorded mixed Q2, 2016 results when reported in U.S. dollar constant currency.
According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.
Economic growth has significantly moderated in Latin America's leading economies of Brazil, Mexico, Colombia, Peru and Chile.
Fundamentals are improving across many office markets in The Americas, Asia Pacific and Europe as we head into 2015.
Lima's office market is enjoying strong office demand as landlords have delivered a significant amount of new office inventory.
Latin America is the most urbanized region of the world with nearly 80 percent of the population living in urban areas.
Asking rents for offices in Caracas, Venezuela have skyrocketed, increasing 80 percent during the first half of the year
Two years after the Trump Ocean Club hotel opened in Panama City, work has restarted on plans to build the largest casino in the region. The Trump casino could be open as early as February, but is more likely to debut later in 2014.
The average daily rate for a hotel room in Miami rose 9.6 percent in February to $220.95.
Socially awkward comedian Larry David's Pacific Palisades "hobbit-style" estate is on the market. Mr. David's California mini-compound can be purchased for a funny $14.999 million, according to the New York Daily News.
Due to increasing large format retail store saturation levels in Santiago and growing numbers of people that are living in new residential areas at lengthy commuting distances from larger retail centers, mini-malls are fast becoming an important new retail sector segment. According to an article published in the Chilean newspaper Diario Financiero, approximately 26,000 square meters of mini-mall retail space entered the market in 2012.
According to STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for 2012. In 2012, the Americas region reported a 2.4-percent increase in occupancy to 61.5 percent, a 3.8-percent gain in average daily rate to US$108.53 and a 6.3-percent jump in revenue per available room to US$66.77.