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.