Coastal Uruguay had a recent article about appreciation in residential property prices that may be useful.
I won’t rehash the ground already plowed. However, the jest of the article is prices in 2007 moved up a little or a lot depending on the type of product in question. Here’s a link to the article: Housing Prices 2008. There are some specific examples comparing properties in late 2006 to similar residences in December 2007.
Several people have asked how I feel about prices for 2008. Frankly, no one know. But if I were forced to bet, I would go with flat/slightly lower prices for strong currency buyers and modestly higher prices for those with dollars. As you can see, my call is based on how the dollar preforms.
Stay Tuned!
Steve Bowman
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