A sub-component of the index of economic freedom, property rights index measures the degree to which the laws of a country to protect private property rights, and the extent to which his government enforces these laws. The highest scores are more desirable, ie property rights are better protected. Scores are from 0 to 100. The index also assesses the likelihood that private property will be expropriated and analysis of the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to fulfill contracts. The Global Property Guide considers the protection of property rights as an important factor influencing the desirability of a residential property investment. Source: The Heritage Foundation and the Wall Street Journal Statistics in Latin America. All of the Latin American region has few statistics, and property prices are a particularly weak area. The only property prices are time series in Colombia and Uruguay.
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Saturday, February 2, 2008
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