Latin America ‘on the rise’

A new report has highlighted the growing potential of the Latin American property market

According to a compilation of official and private-sector statistics by the Global Property Guide, Nicaragua, Guatemala and Colombia are all worthy of consideration by prospective investors.

A spokesperson for Global Property Guide commented: “Those looking for upcoming trends may want to consider Latin America. 

"The increasing willingness of Americans to retire abroad and to look beyond the Caribbean has led to strong buying interest in both beachfront property and in colonial cities such as Guatemala’s Antigua, Nicaragua’s Leon, and Colombia’s Cartagena. 

“Latin America sadly lacks property price indices, the exception being Colombia whose economic prospects have been transformed by President Alvaro Uribe’s stern anti-rebel policies, causing property prices and the currency to surge”.