Fitch: "Slowing inflation in Brazil, Colombia and Mexico will lead to mortgage rates falling slightly over the next two years as monetary policy eases, although overall home price growth will constrain affordability."
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With several real estate projects expected to open in 2H2020, office rents are down and vacancy up in Colombia's capital city according to brokerage Cushman & Wakefield. Net absorption is negative due to the COVID-19 Pandemic.