Friday, June 15, 2012

Brazil tops Global Price Index

After the 2008 crash in real estate prices, it appears that South America is far outpacing North America and even Asia, in terms of re-gaining market strength. 

According to the country-by-country chart, the high performers - Brazil and Colombia - are pulling the average up.  But where do Chile, Ecuador, Nicaragua, and Panama rank, I wonder?

Brazil is leading the pack by a long shot.  The data is apparently skewed, since it is the only country whose figures are based on "asking prices"; nevertheless, it signals the real estate market in Brazil is very strong.

How long will the Brazilian growth spurt last?  Will the 2014 World Cup and 2016 Olympics keep the economic flywheel coasting?  Speculation may be driving prices high, but infrastructure investments and a spiraling rise in middle class suggest the economy will sustain this for awhile yet.


Monday, April 30, 2012

Report: Green Spotlight on Mexico's Tourism Plans

« Build, Baby, Build ! »  Perhaps it’s not about drilling, but about building, when it comes to Mexico’s tourism planning.

The enthusiastic, all-chips-in approach of some players in the oil industry likewise applies to large-scale resort development, a formula begun with the success of Cancun, and replicated around the country and overseas.

President Felipe Calderon has set ambitious targets for tourism development in Mexico, as described in the previous post.  How will this fit into the sustainability agenda professed by their National Accord for Tourism?  How can they guide their growth so that it has long-term value ?

Thursday, April 26, 2012

Will Mexico make a Classy Comeback?

Roughly translated as "no problem, leave it for tomorrow", vacationers and retirees love Mexico's mañana attitude. But to keep tourism dollars rolling in, President Felipe Calderon is not letting that relaxed attitude take hold - at least not at the planning and policy levels.

The country's position has fallen from the world's 7th to 10th place in global tourist arrivals in the last 15 years. Complications with the US-European recession and the drug cartels have contributed to this drop. President Calderon is adamant he can reverse this trend. Very soon.