Latin American Appraisals
Latin America consists of twenty sovereign states and several territories and dependencies which cover an area that stretches from the northern border of Mexico to the southern tip of South America, including the Caribbean. As of 2015, its population was estimated at more than 626 million.
Latin America can be subdivided into several sub regions based on geography, politics, demographics and culture. If defined as all of the Americas south of the United states, the basic geographical sub regions are North America, Central America, the Caribbean and South America.
Tourism
Income from tourism is key to the economy of several Latin American countries. Mexico is the only Latin American country to be ranked in the top 10 worldwide in the number of tourist visits. It received by far the largest number of international tourists, with 29.1 million visitors in 2014, followed by Brazil, with 6.4 million; Argentina, with 5.9 million; Dominican Republic, with 5.1 million, Chile, with 3.6 million, Puerto Rico with 3.2 million, Peru with 3.2 million; Cuba with 2.9 million; Uruguay,with 2.6 million; and Colombia, with 2.5 million. Places such as Cancún, Galápagos Islands, Machu Picchu, Chichen Itza, Cartagena de Indias, Cabo San Lucas, Acapulco, Rio de Janeiro, Salvador, Margarita Island, San Ignacio Miní, Buenos Aires, São Paulo, Salar de Uyuni, Punta del Este, Santo Domingo, Labadee, San Juan, La Habana, Panama City, Iguazú Falls, Puerto Vallarta, Poás Volcano National Park, Punta Cana, Viña del Mar, Mexico City, Quito, Bogotá, Santa Marta, San Andrés, Lima, Maceió, Fortaleza, Florianópolis, Cuzco, Ponce, Perito Moreno Glacier and Patagonia are popular among international visitors in the region.
Global Valuation has over 20 years’ experience in the commercial real estate appraisal and consulting industry in Latin America. We have completed hundreds of appraisals and market studies on resorts, hotels, condominium complexes, estate lot subdivisions, land and infrastructure, golf courses, marinas and retail marina villages.
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