New York a paradise for Latin American investors
Colombia’s economy has been growing rapidly in recent years, but now it is beginning to slow and experts feel the gains do not justify the increases in property prices across the country.
Analysts at Capital Economics argue that real estate is overvalued in Colombia by as much as 50% and that a burst bubble could spell disaster for the South American nation.
Experts say part of the problem is an explosive credit market as Colombians pick up bad financing habits, but the research from the International Monetary Fund shows that credit use is slowing and that Colombia’s tough bank monitoring will help it avoid the kind of disaster faced in other countries. For more on this continue reading the following article from Global Property Guide.
Colombia’s property market is overvalued by around 50%, claim Capital Economics, who have produced a whole raft of terrifying reasons why disaster hangs like a cliff over the Colombian property market. Yet house prices in Colombia continue to rise, with household incomes surging and an expanding mortgage market making finance easier to than ever to access.
Oppositely to the Latin American patterns of house prices United States are offering a great opportunity for investments in projects especially in the city of New York where companies are looking for new markets of investors.
“New York is starting to look for new places for new households projects due to the necessity of growth in saturated areas. For example Park City was a Project that followed the requirement of making a better use of the space”, said the director of DE Worldwide Consulting.
“You’ll find apartments of $600.000 in very strategic places of New York” he added.
The principal advantages are the interest rate, taxes and down payments.
"First you need to learn about the market to feel comfortable about doing an investment in a new country. Then, you need to search for new places that will give you a good earning rate, and usually those places are not always on Soho or in Central Park” said the DE Worldwide consultant Maria Velazquez.
A visionary stockholder always tries to look for new places close, owing to the necessity of having a closer analysis of his investment’s growth to notice about possible fluctuations on prices and sell on time. Real investors knows the relation between risk and investment, but this time to take the money out of the country doesn’t really mean a real risk, because the prices in the States stayed steady even during the 2008 crisis.
Thousands of Latinos are making their dreams come true since they started to change their “state of mind,” and thanks to the support of consulting companies that are offering whole new packages carrying out with the Latin Americans requirements now it‘s possible to bite the Big Apple.
Colombia’s economy has been growing rapidly in recent years, but now it is beginning to slow and experts feel the gains do not justify the increases in property prices across the country.
Analysts at Capital Economics argue that real estate is overvalued in Colombia by as much as 50% and that a burst bubble could spell disaster for the South American nation.
Experts say part of the problem is an explosive credit market as Colombians pick up bad financing habits, but the research from the International Monetary Fund shows that credit use is slowing and that Colombia’s tough bank monitoring will help it avoid the kind of disaster faced in other countries. For more on this continue reading the following article from Global Property Guide.
Colombia’s property market is overvalued by around 50%, claim Capital Economics, who have produced a whole raft of terrifying reasons why disaster hangs like a cliff over the Colombian property market. Yet house prices in Colombia continue to rise, with household incomes surging and an expanding mortgage market making finance easier to than ever to access.
Oppositely to the Latin American patterns of house prices United States are offering a great opportunity for investments in projects especially in the city of New York where companies are looking for new markets of investors.
“New York is starting to look for new places for new households projects due to the necessity of growth in saturated areas. For example Park City was a Project that followed the requirement of making a better use of the space”, said the director of DE Worldwide Consulting.
“You’ll find apartments of $600.000 in very strategic places of New York” he added.
The principal advantages are the interest rate, taxes and down payments.
"First you need to learn about the market to feel comfortable about doing an investment in a new country. Then, you need to search for new places that will give you a good earning rate, and usually those places are not always on Soho or in Central Park” said the DE Worldwide consultant Maria Velazquez.
A visionary stockholder always tries to look for new places close, owing to the necessity of having a closer analysis of his investment’s growth to notice about possible fluctuations on prices and sell on time. Real investors knows the relation between risk and investment, but this time to take the money out of the country doesn’t really mean a real risk, because the prices in the States stayed steady even during the 2008 crisis.
Thousands of Latinos are making their dreams come true since they started to change their “state of mind,” and thanks to the support of consulting companies that are offering whole new packages carrying out with the Latin Americans requirements now it‘s possible to bite the Big Apple.
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