Chile Real Estate Listings are Potential Middle and Long-Term Investments -bijoux perles eau douce

Chile Real Estate Listings are Potential Middle and Long-Term Investments By: Taylor White

The widest point itself is only 430 km. wide. The total land area is 756,950 sq. km. Easter Island, Robinson Crusoe Island, and Sala y Gomez Island are also under Chilean rule. The official language is Spanish but the accent differs from the other South American countries significantly. Chilean capital is Santiago city. Chile economy had been on a growth path for the last 2 decades but the growth had been varying widely.

Chile had the highest per capita GDP in 2006 among all the countries of Latin America. The foreign direct investment in Chile was concentrated in the sectors of electricity, water, mining, and gas. The government had been initiating economic stimulation plans for several billions after the global economic downturn in 2008. This is likely to provide some boost to the Chile real estate industry also, when various development and construction programs are undertaken.

The potential of the Chile real estate for sale or Chile rentals had not been fully understood or seized upon by international real estate investors due to lack of knowledge. When foreign investors think of real estate investments in South America, they usually identify themselves with Brazil, Argentina, Ecuador, and Peru. Colombia and Venezuela are considered as areas that should be avoided. However, Chile does not even enter as a topic of discussion among international investors.

One major advantage that Chile has over other South American countries is that most citizens are well-conversant in English, which is taught as a second language. Hence, transacting Chile real estate listings is comparatively easier. All international investors who show interest in Chile real estate are granted immediate visas. If you are able to prove that you have enough income to support yourself, getting a Residency Visa is also quite simple.

In spite of the above advantages, international investors would be well advised to engage the services of a Chile attorney, recommended by people known to you. The attorney would help you with the legal procedures of obtaining Chile real estate for sale or Chile rentals without legal hassles.

The preparation and execution of Offer and Acceptance Agreement and the Confidentiality Agreement, exercising due diligence about the property and the legal title of ownership of the seller, and the closing procedures would require the help of such an experienced attorney. Financing options for real estate in Chile, particularly for foreigners are limited and hence, international real estate investors should be prepared for cash transactions. To conclude, Chile real estate listings offer a good scope for significant appreciation in medium and long-term, assuring reasonable profits for international investors.

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