According to Knight Frank's latest Global House Price Index for Q3, 2024, property prices are steadily rising across most Latin American nations in 2024, with Colombia and Mexico showing significant growth over the past year.
Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $6.1 billion of total sales volume.
While total unit sales from international home buyers decreased from last year, total sales dollar volume increased 13 percent.
Global real estate markets are most vulnerable in economies with not just a greater dependency on oil but also in those with a high cost of oil production.