International. The 2018 will be a year of transition where both investors and users of the real estate market will be reconciled to the new contractual conditions, in an environment in which the increase in the supply for the completion of new constructions and the uncertainty generated by the electoral year will be maintained. in the decision making of large investors and users.
According to Mauricio Montañez, Director of Colliers International (Valuation & Advisory Services), by segments, recoveries are expected in household consumption due to better economic growth and consumer confidence, as well as specific events, such as the effect of the World Cup. in the sale of certain products such as televisions, sports clothing and accessories, improving the expectations of tenants and owners of commercial premises and large stores.
As for offices and industrial warehouses, the completion of projects in the main cities will increase the supply levels. However, there is the possibility that the economic recovery comes hand in hand with the services, distribution logistics and manufacturing sectors (it is possible that these two segments are interesting alternatives).
The dismantling of tax benefits for the hotel segment will have an effect on the deceleration of investments in this type of assets, although it will not be completely paralyzed. As for the residential segment, it is expected that the rotation in sales and leases of residential buildings of 5 and 6 strata will be kept low, where a price contraction is also expected to accelerate demand. In the middle strata investment dynamics will be maintained, as well as in the VIS projects, despite the fact that in the latter, saturation levels are already reached in several cities of the country due to the fact that many investors increased their participation in this segment. above -even- of the same buyers users to whom this type of projects is directed.