Mexico’s construction industry had a difficult year in 2013. After growing 4% in 2011 and 1.9% in 2012, the accumulated losses for the sector during the first nine months of 2013 amounted to a 4.5% reduction in construction activity. An acceleration of government spending before the end of the year allowed the sector to finish with a more modest reduction of 2% in construction activity, with...
The Americas Construction
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Chapter | Construction & Real Estate from The Report: Mexico 2014
The second-largest economy in Latin America, Mexico seems poised to enter a new growth phase as the government of Enrique Peña Nieto implements radical changes in a number of sectors across the economy. The reforms, aimed at raising the competitiveness of the Mexican economy, have the potential to establish Mexico’s position as a regional powerhouse.
Articles & Analysis | One step at a time: The market for low-income housing remains large from The Report: Panama 2014
With a housing deficit of over 136,000 units and growing at around 15% per year, a huge market remains unsatisfied as few developers construct within the low-income segment. Government incentives, almost entirely restricted to assisting the consumer in purchasing a home, have fallen short of providing viable solutions on a large scale and...
Articles & Analysis | Laying the foundations: Public works keep industry potential high from The Report: Panama 2014
While several of the most significant infrastructure projects draw to a close, concerns have arisen over an eventual decline in construction activity. However, deficits still remain among highways, roads, logistics operations and purely private sector ventures, providing a long list of work for the near to medium term. According to the...
Articles & Analysis | Helping hands: The growing middle class is expected to sustain growth from The Report: Panama 2014
Popular among North American and European retirees, the Panamanian real estate market consists of much more than beachfront property. As with construction, the sector is experiencing a boom supported by real demand and increased purchasing power among the local population. While prices are slightly on the rise in both residential and commercial...