Unlocking Latin America's real estate potential

Sep 20, 2021 Latest News

FIABCI World President Jordi Ribó and delegates from Panama, Spain, and the USA attended the 6th edition of the Latin American Real Estate Congress (VI Congreso Inmobiliario Latinoamericano - CILA) on September 9 and 10, 2021, in Guatemala, where they met with industry leaders of the region and signed a letter of intent with associations from Guatemala, Costa Rica, and El Salvador to create a multinational Chapter named FIABCI-Central America. Currently present in 70 countries with 47 established national or multinational Chapters, FIABCI sees great untapped potential in Latin America’s real estate.

FIABCI-Central America

The letter of intent was signed by Jordi Ribó, World President of FIABCI, Pedro Martín Ramírez Fait, President of the Chamber of Real Estate Brokers of Guatemala (Cámara de Corredores de Bienes Raíces de Guatemala - CBR Guatemala), Enrique José Morales, President of the Chamber of Real Estate of El Salvador (Cámara Salvadoreña de Bienes Raíces - CSBR), and Adrián Mora Solano, President of the Chamber of Real Estate Brokers of Costa Rica (Cámara Costarricense de Corredores de Bienes Raíces - CCCBR).

As a result of the concerted efforts of these associations, the legal document establishes all necessary procedures, so that no later than June 1, 2022, the respective registration requests and other requirements are sent by each association, for the creation of FIABCI-Central America.

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Strong FIABCI participation in CILA 2021

The Chamber of Real Estate Brokers of Guatemala (Cámara de Corredores de Bienes Raíces de Guatemala - CBR Guatemala) was the organizer of the 2021 edition of the Latin America Real Estate Congress, which was held in Ciudad Cayalá, in Guatemala City. FIABCI World President Jordi Ribó along with delegates from Panama (Eric Van Hoorde), Spain (Ramon Riera Torroba), and the USA (Oscar Morales) were invited speakers and participated in different sessions of the program, from conferences to panel discussions, thus contributing to a strong participation from FIABCI in the two-day congress. The FIABCI representatives spoke about topics such as sustainable development, education, and multiple listing service (MLS), among others.

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Sustainable Development and Latin America’s untapped real estate potential

Speaking to the audience at the opening ceremony of the in-person event, World President Ribó underlined Latin America's great untapped potential and the endless real estate investment opportunities it offers. Placing great emphasis on the topic of sustainable development throughout his speech, Ribó underlined Guatemala’s recent positioning towards sustainable construction and how it will allow better resource management in the future, therefore promoting healthier, more inclusive cities.

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