I know this question deals with locations other than Brazil, but I couldn't find any other place to start this thread.

I know a lot of people are big on Brazil (particularly NE Brazil) right now. Has anyone done any research on other places in South America?

Chile - There are many world class ski resorts, anyone looked at property there? There is also Vina del Mar/Valparaiso which is a vibrant beach community about an hour from Santiago.

Uruguay - Montevideo (big city), Colonia (quaint small town) or Punta del Este (beach resort community)

Argentina - BA (big city), ski resort areas, Mar del Plata (beach resort community), or Mendoza/San Rafael/San Juan wine country regions

Just curious if anyone has any insight on these locations as they might be in even earlier stages of investment opportunity. Then again, maybe I've missed the boat on them.

Thanks.

Greg

OK. So with 36 views and no replies, am I to take it that nobody is looking at anyplace other than NE Brazil for investment opportunities in South America?

Greg

Take a look at Panama , plenty of reason to invest.. restored panamaian democracy in 2000, expansion of channel , tax benefits for retireres... great climate , dollar currency, English and Spanish language ... US , Canadian, Columbian and Venezuelan investing

KR

Bill

I'm flying at the end of October to Margarita Island in venezuela. On paper the place is nice very cheap and got infrastructers. My venezuelan friend will be with me to show me around. Chavez may be a problem in term of investment...

Yes, Chavez is the BIG wild card. Let us know what you find.

greg

I was in Panama City the week before last checking out the market. Seems like a great city but with a lot of consutruction going on. Is there the demand to meet the supply ? We believe there is if you choose the right projects. I spoke to a number of local agents who showed me that people are renting standard 2 bedroom apartments in Panama City at the moment for $3000 per month. We are offering apartments in what will be the tallest residential building in the world, for $300,000. The yield is already there. That plus the fact that we pay 6% interest on any deposit payment and with the prices rising fast makes investing in the right location at the right time key. There are a lot of buildings going up so choose the right one and think about who will be renting off you and who you can resell to. If you need any more information or want details of what we can offer please let me know.

I have bought at the la Ensenada development which is under construction. Currently the two bed townhouses are at $103K. It's a big development with all the facilites on site aimed mostly at the American tourist market so the standard needs to be spot on.
Just after I bought they announced the building of a new Formula 1 track a few miles away which is good I think.... except that its creating a few labour supply problems.
Margarita is worth a look and being the most southerly Caribbean island it is supposedly south of the hurricane belt....I hope !!

K

Hi all,

Looked in depth at margarita last year and almost bought on la ensenada at the time!!

But at that point full planning condsent was not granted so I hesitated and pulled out!!

Wish I hadent done- But whats done is done!!

The only real issues with maragrita is definately be careful seek good independant legal advice!
Be careful in the areas that you choose and do some research yourself!!

Unfortunately chavez is a bit of a risk factor as he changes his mind from one day to the next without any notice!! So politically it could be challeging!!

But apart from that all looks good there- lots of investments going in , infrastructure, golf courses, formula 1 track etc!!

Capital appreciation been really good last few years average about 20-30% pa
And rental potential should be good aswell!!
Take care-D

Hi Greg,
I've just spotted this thread on my reserarch for Uruguay. I'm very keen on Brazil and have brought some land there, but cant find anything else at present, so am researching Uruguay.

This interest started when I saw a couple of copies of the American magazine International Living - albeit primarily for Americans wanting to retire abroad, rather than invest.

For the past 5 years they have been advocating Panama as the best location for Americans to retire (quality of life, finance, healthcare etc), which apparently loads have and prices have trebled in some areas there (my independent research confirms this).

Anyway, this year they are raging about Uruguay, in particular Montevideo. My very initial research shows it to be affordable and an arcitecturally beautiful city. They also say Americans are investing in Argentina where they can no longer afford Panama.

Anyone else interested in Uruguay?

Hi all,

Try looking at nicargua as this looks to become a very interesting market and things are slowly starting to happen over there also!!

Take care-D