Trinidad and Tobago house prices are falling amid tough economic times, a World Bank global property data supplier has said. The claim is supported by latest available data from the Central Statistical Office (CSO). The World Bank data supplier, Global Property Guide, did not get its data from the CSO, however, but instead from surveys of local real estate vendors over the last year.
“Trinidad and Tobago’s residential market remains weak, with the economy struggling because of dependence on oil and gas reserves, particularly in Trinidad. A mortgage crisis may be looming.