South America Real Estate in 2009
Till the recent economic recession and crisis, the whole world had been witnessing am economic boom. The result was that Asian countries like China and India leapfrogged to front benches of economic hierarchy, leaving many of their European counterparts behind. While the United States still holds the label of the economic capital of the globe, some of the European countries have definitely lost their sheen in terms of financial muscle power.
But strangely, South American countries have not attained the same kind of growth that some of the Asian countries managed to obtain. But still most of the countries have successfully managed to counter the inflations and other economic evils that plagued the countries in the last years of the previous century. As a result, the economic set-up and investor mindset have gained a positive outlook. This fact is reflected in the steadily rising South American real estate prices.
What is heartening for investors is that the rise in South American land prices has not confined to a select few countries. The whole region is going through a steady rise, which has largely resisted the downward going tendency even after the bursting US housing market. Here is an overview of the top performers in the South American real estate sector.
According to estimates of a number of business magazines and websites, Chile is the top performing country in the South American real estate sector. It must be surprising news as there are more economically powerful countries such as Brazil and Venezuela. Chile is generally termed as “hidden gem” of investment opportunity. It is politically stable and has lowest corruption index among all South American countries. Santiago, the capital of Chile, is a bustling metropolis, where mining and manufacturing business activities thrive.
Investors have realized that the land of Brazil is not just a breeding ground of great footballers, but also a breeding ground of lucrative profits. It is the largest country in the region and is rich in mineral content. The rise in tourism activity has also triggered the performance of real estate sector to more heights. By most of the analysts, Brazil ranks second in the South America real estate arena.
Uruguay, a neighboring country of Brazil, always follows Brazil in the times of economic boom and in economic recession. Uruguay is the leading cattle and meat provider for the neighboring countries. Compared to the other South American lands, Uruguay’s has an advantage that most of the old buildings in the country retain the colonial charm of the Portuguese. So, that makes the country an attractive proposition among South American real estate for both business investors with an eye on tourism sector and individual investors with an eye on settling in an idyllic location.
Peru is another rather unnoticed, but economically stable country, much like Chile. About two years back, the annual rise of the country’s stock market index around three times its previous year’s value surprised a number of analysts. Among South America countries, land prices of Peru is said to be most stable. Other countries such as Argentina and Nicaragua come in the top six of South American real estate sector.
But strangely, South American countries have not attained the same kind of growth that some of the Asian countries managed to obtain. But still most of the countries have successfully managed to counter the inflations and other economic evils that plagued the countries in the last years of the previous century. As a result, the economic set-up and investor mindset have gained a positive outlook. This fact is reflected in the steadily rising South American real estate prices.
The Rise in South American Land Prices
What is heartening for investors is that the rise in South American land prices has not confined to a select few countries. The whole region is going through a steady rise, which has largely resisted the downward going tendency even after the bursting US housing market. Here is an overview of the top performers in the South American real estate sector.
Chile, the Top Performer in Real Estate
According to estimates of a number of business magazines and websites, Chile is the top performing country in the South American real estate sector. It must be surprising news as there are more economically powerful countries such as Brazil and Venezuela. Chile is generally termed as “hidden gem” of investment opportunity. It is politically stable and has lowest corruption index among all South American countries. Santiago, the capital of Chile, is a bustling metropolis, where mining and manufacturing business activities thrive.
Brazil, the Second Top Performer in Real Estate
Investors have realized that the land of Brazil is not just a breeding ground of great footballers, but also a breeding ground of lucrative profits. It is the largest country in the region and is rich in mineral content. The rise in tourism activity has also triggered the performance of real estate sector to more heights. By most of the analysts, Brazil ranks second in the South America real estate arena.
Uruguay, an Attractive Proposition for Real Estate
Uruguay, a neighboring country of Brazil, always follows Brazil in the times of economic boom and in economic recession. Uruguay is the leading cattle and meat provider for the neighboring countries. Compared to the other South American lands, Uruguay’s has an advantage that most of the old buildings in the country retain the colonial charm of the Portuguese. So, that makes the country an attractive proposition among South American real estate for both business investors with an eye on tourism sector and individual investors with an eye on settling in an idyllic location.
Peru, the Sprouting Realtor
Peru is another rather unnoticed, but economically stable country, much like Chile. About two years back, the annual rise of the country’s stock market index around three times its previous year’s value surprised a number of analysts. Among South America countries, land prices of Peru is said to be most stable. Other countries such as Argentina and Nicaragua come in the top six of South American real estate sector.
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