Latin America Residential Real Estate News
Latin America Residential
2024 Elections Rank as Biggest Potential Risk to Luxury Housing Markets Worldwide
Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point.
Worldwide Ultra Luxury Home Sales Dip in Q3
According to new research by Knight Frank, global super-prime ($10m+) residential sales fell 2.4% in Q3 2023 on a year-on-year basis, with 362 sales across the 12 markets covered in the three months to September compared to 371 in the same period last year.
Category 5 Hurricane Otis Pounds Acapulco
The National Hurricane Center (NHC) estimated maximum sustained wind speeds at landfall were 165 mph (270 km/h), making Otis a Category 5 hurricane. The core of Hurricane Otis made a direct landfall over the greater Acapulco, Mexico area.
Global Home Price Growth Further Slows in Mid-2023
Based on Knight Frank's latest Global House Price Index, average annual price growth slowed across a cohort of world cities in Q2 2023, falling to 1.7% from 3.2% in Q1 of 2023.
