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Mortgages only represent 7% of GDP in Colombia, a lower rate than in many other Latin American countries.

The increase was driven largely by a 5.94% spike in labor costs and 4.38% rise in the cost of materials.

Colombia’s unemployment rate dropped in November to 7.3%, announced Minhacienda, Colombia’s Finance Ministry, along with statistics agency DANE yesterday. The new rate reflects a drop of 0.4 percentage points over the 2014 statistic. The rate in the 13 largest cities was measured...

Hipercept, a global provider of strategy, technology and operations services to the alternative assets industry, has announced that it has been selected by Taliance to serve as its channel partner for North and South America. Taliance’s real estate software solution suite,...