Although it is affected by a slowing economy, the construction sector remains one of the country’s most important industries. The sector posted negative growth in the first quarter of 2019, contracting by 5.6% year-on-year (y-o-y) compared to a decrease of 0.9% in the same period of 2018. Despite government efforts to subsidise low-income...
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
Following a challenging three-year period characterised by an oversupply of new homes and a growing housing deficit, data from late 2018 and early 2019 indicate the beginning of a revival in the Colombian real estate market. While inventories from the pre-2016 construction boom underscore the old mismatch between developer interests and the...
The real estate industry in Colombia and wider South America has undergone substantial change in recent years, driven by an influx of private capital investments from local and international fund managers, sovereign wealth funds and Canadian pension funds.
As the economy made a recovery in late 2018 it is likely that construction will soon follow suit, with initial estimates for the first quarter of 2019 already showing signs of improvement. Social housing and infrastructure will likely receive the most attention from investors, with both segments addressing crucial deficits in the country. Likewise, the advent of new vehicles to channel private...
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