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Latin America Residential Construction Market Size (2024 - 2029)

The Latin America Residential Construction Market is experiencing growth, driven by advancements in local economies and property markets, which are now more robust than in the past. The market size is influenced by the need for a systemic housing strategy to improve access for disadvantaged populations. Recent developments, including the adaptation of international construction processes and the introduction of banking and Proptech platforms, have enhanced market transparency and transaction efficiency. These changes, along with progressive national policies, contribute to the expanding market size in the region.

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Market Size of Latin America Residential Construction Industry

Latin America Residential Construction Market Summary
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

Latin America Residential Construction Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Latin America Residential Construction Industry Segmentation

Residential construction involves the building of individual and multi-family housing. These may include single-units, manufactured housing, such as mobile homes and pre-built houses, duplexes, quadplexes, apartment buildings as well as condominiums.

The Latin America Residential Construction Market is segmented by Type (Villas/Landed Houses and Condominiums/Apartments) and by Country (Mexico, Brazil, Argentina, Peru, Chile, Uruguay and Rest of Latin America). The report offers market size and forecasts for the Latin America Residential Construction market in Value (USD billion) for all the above segments.

By Type
Villas/Landed Houses
Condominiums/Apartments
Prefabricated Homes
By Country
Mexico
Brazil
Argentina
Peru
Chile
Uruguay
Rest of Latin America
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Latin America Residential Construction Market Size Summary

The Latin America residential construction market is experiencing a period of growth, driven by advancements in economic conditions and property markets over the past two decades. The region has seen significant improvements in housing options, with local businesses adopting international real estate development practices and investing in technology and human resources. This has been complemented by the introduction of banking, governmental, and Proptech platforms that enhance market transparency and streamline transactions. However, challenges remain, particularly in developing alternative tenure models like the rental market for low-income families, which are more established in regions like Europe. The need for a systemic housing strategy is evident, especially to improve housing access for the poorest populations and to boost incomes for disadvantaged socioeconomic groups.

In Mexico, the demand for housing is on the rise, necessitating substantial investment to meet future needs. The country faces a dual challenge of increasing housing supply and replacing substandard homes, many of which do not meet building codes. Companies like La Haus are capitalizing on the significant housing demand across Spanish-speaking Latin America, securing substantial funding to expand their operations. The competitive landscape is further shaped by major players such as Hogares Edén, S.A. de C.V., and Cyrela Brazil Realty S.A., among others. Recent developments, including modular construction projects in Brazil and high-end housing communities in Mexico, highlight the ongoing investment and interest in the region's residential real estate sector.

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Latin America Residential Construction Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Current Market Scenario

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Market Opportunities

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Government Initiatives and Regulatory Aspects Pertaining to the ResidentialConstruction Sector

    7. 1.7 Insights into Prefabricated Homes in the Region

    8. 1.8 Insights into the Interest Rates for the General Economy and Construction Sector

    9. 1.9 Insights into the Support Provided by the Government and Public-private Partnerships for Affordable Housing

    10. 1.10 Impact Of Covid -19 On The Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Villas/Landed Houses

      2. 2.1.2 Condominiums/Apartments

      3. 2.1.3 Prefabricated Homes

    2. 2.2 By Country

      1. 2.2.1 Mexico

      2. 2.2.2 Brazil

      3. 2.2.3 Argentina

      4. 2.2.4 Peru

      5. 2.2.5 Chile

      6. 2.2.6 Uruguay

      7. 2.2.7 Rest of Latin America

Latin America Residential Construction Market Size FAQs

The Latin America Residential Construction Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Hogares Edén, S.A. de C.V., Constructora VDZ SpA, Somague-Engenharia, S.A, Cyrela Brazil Realty S.A. and Socovesa S.A. are the major companies operating in the Latin America Residential Construction Market.

Latin America Residential Construction Report Snapshots

Latin America Residential Construction Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)