Market Size of Latin America Residential Construction Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Latin America Residential Construction Market Analysis
The Latin America Residential Construction Market is poised to register a CAGR of 4.5% during the forecast period (2022 - 2027). Due to the COVID-19 epidemic, which caused lockdowns and required residents to stay at home, the residential real estate industry was forced to halt.
- On average, there are 23 persons per 100 people living in settlements with substandard and unofficial housing out of the 600 million people that call Latin America and the Caribbean home.
- A systemic housing strategy is necessary to address the issue of housing access in Latin America, particularly for the poorest populations, and to increase incomes for those who are most disadvantaged socioeconomic groups.
- A lot of advancement has been made more lately. Today's economies and property markets in Latin America are considerably more thriving than they were even just 20 years ago. To give better housing options, local businesses have adapted international real estate development and construction processes while investing in their own technologies and people capacity. National laws and policies in a few Latin American nations are currently de jure more effective and progressive than those in many wealthy nations. The introduction of banking, governmental, and Proptech platforms that distribute information and give buyers and sellers tools to speed up and formalize transactions has improved public registries and increased market transparency.
