Real Estate Investment is a Major Driver for Latin Americans and, for this reason, developments are growing throughout the continent. Chile, Colombia, Costa Rica, and Mexico are emerging as countries investors are watching. However, the experts consulted by Funds Society defended Miami as the best investment destination for various reasons.
“Miami will continue to establish itself as a key destination for real estate investment, because it is a safe and stable market. Especially attractive for Latin Americans seeking to protect their capital,” said Peggy Olin, President and CEO of OneWorld Properties.
The professional added that the city’s steady growth “as a center for business, culture, and international entertainment will continue to attract local, national, and international buyers,” further driving this trend.
The President of OneWorld Properties also commented that the combination of high prices and low interest rates fosters real estate development.
“By facilitating access to financing for both investors and buyers, it encourages developers to build new projects to meet the growing demand,” explained Olin, who detailed that projects with prices starting at $450,000 “make investing in Miami more accessible to an international audience.”
Alicia Paysee, Vice President of Sales at 14 ROC in Miami, for her part, said that Latin Americans choose Miami for “proximity, culture, and stability, as well as the opportunity to invest in real estate, which has traditionally been the foundation of most transgenerational wealth.”
According to the executive, “it makes sense that, when diversifying their assets, people look to the long-term strength of real estate in cities with an upward trajectory” regarding the prospects Miami presents.
Along the same lines, Olin indicated that the city is a “natural bridge” between Latin America and the United States, making it a “familiar and attractive environment.” She also added, “the continuous growth of businesses and population reinforces its potential for long-term appreciation.”
The Development of Latin America
The region is developing in the real estate market with certain countries leading the way. Chile, Colombia, Costa Rica, and Mexico are the most prominent, highlighted Olin.
In the case of Chile, according to the OneWorld Properties executive, it stands out for its “solid economy and clear rules” for foreign investors.
Regarding Colombia, especially in cities like Medellín and Bogotá, the expert assured that it offers opportunities in an expanding market. Costa Rica, for its part, “combines an investor-friendly environment with a focus on sustainability and luxury tourism, attracting buyers interested in high-value properties.”
The Case of Mexico
Geographical proximity to the United States and trade agreements make Mexico attractive “both for international buyers and local developers,” said the President of OneWorld Properties. However, she qualified, political uncertainty and security in certain regions can be limiting factors for some investors.
The most attractive cities are Mexico City, Monterrey, and Guadalajara, “which combine economic growth with expanding infrastructure,” Olin concluded.
Paysee, for her part, expressed interest in knowing what will happen with the new President, Claudia Sheinbaum. “Time will tell what kind of policies they will implement that may impact investment. Traditionally, the Mexican market has offered great opportunities and has received a lot of foreign investment, especially in tourist and beach destinations,” she summarized.
Argentina: New Opportunities?
The changes proposed by the government of Javier Milei, such as reducing inflation and liberalizing the market, “could boost the real estate sector in Argentina if they succeed in generating confidence and economic stability,” said Olin. However, the expert warned that “probably” international investors will adopt a cautious approach in the short term while evaluating the implementation and results of these policies.
Paysee, for her part, believes that with a stable economy, decreased inflation, and reduced regulation, they should attract greater investment. For example, the expert explained, the repeal of rent control laws has had a tremendous impact on inventory, with an increase of more than 100% in rental availability. It will be interesting to see the impact that their policies will have on inflation in the coming years, she concluded.
For Alicia Miguel
