| TOP (1870) :South America (164) : Chile (4)
New Apartments in Upscale Buildings for Investments in Downtown Santiago Chile
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| Property Group | Residential | | Property Type | Apartment | | Price | US$ 45,000
For Sale |
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| Location | Santiago | | Nearest City | Santiago | | Living area | 50.00 sq/m | | Bedrooms | 1 | | Bathrooms | 1 | | Living Rooms | 1 |
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REF: RedHotChiliProperties
Top downtown locations
- 6%-10% discounted limited time offer
- Freehold properties starting from USD1150/m2
- Property management incl. min. 6% rental return
- Strong domestic demand and capital appreciation
- No rental income taxes for foreigners
- No reassignment fees
- 60 min. from the beach 60 min. from the ski slopes 30 min from the airport
WHY BUY IN 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.
See the properties on this website, or emailus for additional information. The purchases can all be done by fax, email and mail.
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 us for details. |
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