The Top Real Estate Markets In South America

Because of the expanding economic opportunities in this continent

, the region has become a considered location for property investors. This together with the temperate climate and the rich and diverse culture, South America is clearly teeming with reasons for people seeking second homes or even retirement getaways.

While all the action over the next five years would happen in the region, there are real estate markets that are in the forefront for investments. These markets are as follows:

Chile. Many economic institutions has recognized Chile's economy as the most stable and most advanced among the Latin American countries. Because of this, the country's population enjoys a high standard of living. Chile has great infrastructure together with a stable political system has made the country very attractive to foreign investors. The largest industry in the country remains to be Chile's tourism and the financial sector centered around the country's capital of Santiago. Though there are drawbacks to the development of Chile, mainly on the environmental front, the country still remains as one of the hottest real estate markets in the world.

Brazil. The property boom in Brazil is mainly due to the many up and coming world activities in the country. The country would host the World Cup and the Olympics, making it one of the centers for world events in the next few years. Alongside this is the development of many properties for the expected tourist influx to the country. After these events, the country still is the most ecologically diverse as well as culturally rich countries in the world. With a booming economy and tourist destinations with its temperate climate, Brazil's property market is expected to grow and never slow down at any time in the near future.

Uruguay. Uruguay is known to be one of the safest countries in the South American continent. This is due to the equitable distribution of wealth and educational aptitude of the population together with a stable and transparent governance of the country. It is also one of the richest countries in the region, owing to its highly advanced agricultural sector as well as investment market open to both local and foreign competition. With this booming economy, Uruguay's real estate market has also grown at the same rate as the economy, mainly as a result of the high expat population and tourism industry. The country's topography and diversity makes the country one of the top choices for real estate investment in the region.

Therefore, when one is looking for an investment haven for your money, real estate in South America is one safe location. Taking one's pick between Chile, Brazil and Uruguay as real estate investment locations would surely yield high returns in the long run.

by: Bobby Castro

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