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Jun-19-2008 08:59
INTERNATIONAL REAL ESTATE NEWS - JUNE 2008
FOREIGN INVESTMENT Investment to Double in Gulf Region The number of major global investors in the
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May-06-2008 09:26
FOREIGN BUYERS ARE SNAPING UP AMERICAN REAL ESTATE
Foreign Buyers Snap up U.S. Real Estate; Falling Prices, Weak Dollar Aid Purchases — USA Today
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Dec-09-2007 13:26
U.S. HOUSING MARKET MAY CONTINUE SLUMP INTO 2008
Dec. 7 (Bloomberg) -- The biggest surge by homebuilders was ``sparked by misplaced optimism'' because President
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Jul-19-2007 08:33
INTERNATIONAL REAL ESTATE NEWS UPDATE
FOREIGN INVESTMENT Invest in America In March, the U.S. Department of Commerce International Trade Administration
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| TOP (475) :South America (17) : Chile (4)
New Apartments in the Esperanza Complex in Santiago, Chile (off plan)
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| Property Group | Residential | | Property Type | Apartment | | Built | 2007 | | Waste System | Septic | | Price | US$ 44,550
For Sale |
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| Location | Esperanza | | Nearest City | Santiago | | Schooldistrict | Santiago | | Living area | 40.00 sq/m | | Bedrooms | 1 | | Bathrooms | 1 | | Living Rooms | 1 |
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| |  | For further details contact
Listing Agent
Worldwide Network, NY
United States
Phone: 1-518-392-7062
Fax: 1-877-875-5704 |
Listing has been viewed 2225 times |
|
Ref: RedHotProperties-3
ESPERANZA - Your ideal first-time apartment ownership
The speed with with the initial ESPERANZA apartments were sold was a clear indication of the need for comfortable, affordable housing for those looking to buy in Chile. ESPERANZA provides a safe, attractive environment in the heart of a new upbeat curtural re-urbanized central location in the Brazil neighborhood of Santiago.
The Brazil District has a vast collection of historic colonial houses that in many cases, encompass the length of the block itself. ESPERANZA is a community where you and your family can happily lead a beautiful lifestyle. Combining affordable prices with style and comfort, ESPERANZA brings an array of culture venues, surrounded by fine restaurants, cafes, and an attractive cultural scene within the Brazilian District.
Aside from the usual amenities, ESPERANZA offers its residents large garden areas, landscaped common areas, pools and gyms on site, and a sensible non-congested road network, all of which adds to the ambiance of ESPERANZA. The combination of rental-property benefits along with purchased property facilities and a health club, make ESPERANZA unique to Santiago.
WHY BUY IN SANTIAGO CHILE?
Is the average mortgage on your earnings less than the price of the average house you can buy? Now, you can buy with the gap a property in Chile.
This phenomenon has been in the news since 2003, when reports identified first-time buyers purchasing foreign property in order to access cheaper property market.
Now the traditional housing market appears to have slowed, first-time buyers are also looking to Chile to give them a better chance of capital appreciation in the long term.
Many buyers now distrust the stock markets after the downturns, and pensions are in the doghouse as far as most investors are concerned. That makes our property the favoured asset class for people looking to build up a nest egg. If they can’t afford the overvalued markets, Chile still appears more attractive to them than a pension fund or a unit trust.
The attraction for first time buyers is obviously the price, which immediately rules out some other destinations. Spain, France, Florida and UK are largely out of first time buyers’ reach, so it’s the Chilean market they are heading to. In example, you can buy outright in Chile for less than the price of a deposit on a UK property. A buyer could look at a high mortgage on a UK flat, or less than 50% loan to value on a property in Chile.
Chile is also seeing interest from “pure” investor first-time buyers. We will see more first-time buyers heading to Chile for their first purchase, unless the traditional markets get significantly cheaper. Buying property in Chile is seen as increasingly accessible to a wider market.
Chile offers an emerging market, capital growth and exciting economic development combined with a larger sense of security which gives shrewd investors a chance to get in at the beginning of an international property boom.
Santiago has a strong domestic market that is able to buy and rent. The market is so buoyant domestically, that Chilean developers simply are not reliant on foreign buyers, because they can easily sell and rent their apartments to locals. For that reason it makes it tremendously complicated finding developments as an overseas agent, and you have to have a good contact in the country, like Redhotchili, to make a start at all. Therefore we have had such an overwhelming response by welcoming the world to this new hotspot.
SAMPLE PRICES AND AVAILIBILITY:
Apartment# 103F - 40m2 - 2 Bedroom - $44,528. USD
Apartment# 205E - 40m2 - 2 Bedroom - $44,891. USD
Apartment# 109F - 40m2 - 2 Bedroom - $44,891. USD
Apartment# 102A - 40m2 - 2 Bedroom - $45,255. USD
SANTIAGO RANKS AS LATIN AMERICA'S TOP BUSINESS CITY (AGAIN)
(June 15, 2007) A study by MasterCard published this week ranked Santiago, Chile
as the best place in Latin America for doing business.
Santiago ranked 39th on the MasterCard survey. The survey praised the city's
legal and political framework, economic stability, financial markets, business
friendliness, and information infrastructure. Mexico City and Sao Paulo ranked
42nd and 48th, respectively.
MasterCard's rating index was developed by a panel of leading global economists
in an effort to identify the world's top 50 trading centers. It is based on six
measurements, fed by information from 100 sources. The Master Card index placed
London as the world's topmost city for doing business, followed by New York,
Tokyo, Chicago and Hong Kong.
MasterCard's study comes on the heels of a previous study by América Economía
magazine which also named Santiago as the best city in Latin America for doing
business.
The América Economía survey extolled Santiago's high quality of living, excellent
security, economic stability, and expanded communications infrastructure.
SOURCE: LA TERCERA
Email for additional information. |
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