Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in Guatemala is currently experiencing significant growth and development.
Customer preferences: Customers in Guatemala are increasingly interested in investing in real estate, both for residential and commercial purposes. This is driven by several factors, including the desire for stable and long-term investments, the need for housing and office space, and the potential for high returns on investment. Additionally, there is a growing trend of foreign investors looking to purchase properties in Guatemala, attracted by the country's natural beauty, favorable investment climate, and relatively low property prices.
Trends in the market: One of the key trends in the Guatemalan real estate market is the increasing demand for housing. The population in Guatemala is growing rapidly, and there is a need for affordable and quality housing options. This has led to a surge in residential construction projects, particularly in urban areas. Developers are focusing on building affordable housing units to cater to the needs of the middle-income population. Another trend in the market is the growing demand for commercial real estate. As Guatemala's economy continues to expand, there is an increasing need for office space, retail outlets, and industrial facilities. This has resulted in the development of new commercial projects, such as office complexes, shopping malls, and industrial parks.
Local special circumstances: Guatemala is known for its natural beauty, including stunning landscapes, pristine beaches, and ancient ruins. This has led to the emergence of the tourism industry as a major driver of the real estate market. Many investors are purchasing properties in popular tourist destinations, such as Antigua and Lake Atitlan, to capitalize on the growing number of tourists visiting the country. Furthermore, Guatemala has implemented several policies and incentives to attract foreign investors. These include tax breaks, streamlined processes for obtaining permits and licenses, and the creation of special economic zones. These measures have made it easier for both local and foreign investors to invest in real estate in Guatemala.
Underlying macroeconomic factors: The Guatemalan economy has been growing steadily in recent years, driven by sectors such as manufacturing, agriculture, and services. This economic growth has resulted in increased disposable income and improved purchasing power, which in turn has fueled demand for real estate. Additionally, low interest rates and favorable mortgage conditions have made it easier for individuals to finance the purchase of properties. This has contributed to the growth of the real estate market, as more people are able to afford homes and invest in properties. In conclusion, the Real Estate market in Guatemala is experiencing significant growth and development, driven by customer preferences for stable investments, growing demand for housing and commercial properties, local special circumstances such as tourism, and underlying macroeconomic factors such as economic growth and favorable mortgage conditions.
Data coverage:
Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.Modeling approach / Market size:
Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
