Developing Markets

Here’s a question for all of you real estate savvy folks out there. Do developing real estate markets such as Ecuador behave in the same ways as real estate markets in, say, the United States or the UK? The answer is yes, no and maybe. Yes, GDP and population growth effect the market. Yes, the perceived financial state of the country and region affect the market. No, mortgage interest rates do not affect the prices (mainly because you can’t get a mortgage). Maybe because there isn’t enough information to exactly know what affects the real estate markets in developing countries.

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