Driven by demand for housing and a mounting construction sector, real estate in Colombia has been experiencing healthy growth. Fears of an impending bubble have so far been exaggerated, as the housing stock is being absorbed by high demand and a well structured mortgage system. The real estate sector accounted for 8% of GDP in 2013, according to figures by the Colombian...
Colombia Construction
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Articles & Analysis | The sector continues to grow steadily, despite a lack of available land from The Report: Colombia 2014
Articles & Analysis | Bogotá expansion limited by land and legislative uncertainty from The Report: Colombia 2014
Despite the growing importance of medium-sized cities for property development, Colombia’s real estate sector has been highly affected by expansion in Bogotá. The capital city has seen a wave of economic growth turn into real estate investment, whether for high-end housing options or as an investment opportunity. Despite the fast-growing market, the city’s real estate...
Chapter | Construction & Real Estate from The Report: Colombia 2014
Buoyed by a strengthening of the government’s housing programme, as well as a continued emphasis on improving transport infrastructure across the country, Colombia’s construction sector is well positioned for growth over the coming years. The sector grew 9.8% in 2013, considerably more than the 3.6% increase seen in 2012, accounting for 6.5% of GDP in 2013, according to BBVA Bank. Driven by...
Despite instability associated with the global mining and hydrocarbons sectors, Colombia displays stable economic growth amidst a regional slowdown, in large part a result of economic liberalisation, free trade agreements and entry to a variety of trade blocs. After recording 6.6% growth in 2011 and 4% in 2012, Colombia saw a slowdown in the first half of 2013, but the economy regained momentum by the end of the year.
Las iniciativas destinadas a familias de bajos y medianos ingresos están ayudando a aliviar la histórica escasez de vivienda en Colombia, al tiempo que han representado un impulso considerable para el sector de la construcción.
Articles & Analysis | Room for improvement: Cement industry displays potential while looking to regain momentum from The Report: Colombia 2013
Heavily dependent on the construction sector’s progress, the local cement industry took a slight dip in production in 2012. In the 12 months to May 2013 the production of Portland cement, the most commonly used material for infrastructure and housing in Colombia, amounted to 10.79m tonnes, representing a 1.67% year-on-year (y-o-y) decrease,...