A more positive outlook for our region is a welcome development

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Argentine President Milei’s radical change in direction after 70 years of Peronism is being watched inside the country (the poor and middle classes suffer most of the pain of change) and by the rest of the investment world as the changes occur.

So far, the response has been positive, even by those most affected by the changes.

Success will likely cause neighbouring countries to follow suit, attracting a flood of investment capital looking for a home in a troubled world. Europe, the US and the Middle East have all become very problematic for small and more significant investors due to their instability and unfriendly investment rules.

Not to be outdone, Argentina’s neighbour Brazil surpassed Italy as the eighth-largest economy in the world: “We are on the right path stated Lula da Silva.”  The country grew 0.8% in the year’s first quarter, a figure well above market expectations after two quarters of stagnation.  This was mainly due to higher household spending.

According to data published this Tuesday by the Brazilian Institute of Geography and Statistics (IBGE), the Brazilian domestic product (GDP) expanded compared to the same period last year.

The data shows that the economy grew again in the first quarter of the year after two-quarters of results close to zero (0.1 in the third of 2023 and -0.1 in the fourth).

At the sector level, the expansion was driven by agriculture, which grew 11.3% over the previous quarter, and services, which expanded 1.4%. The IBGE said the industry registered a slight negative variation of 0.1%, considered stable.

Palis highlighted the boost in “retail trade and personal services, linked to the growth of family consumption,” among other factors.

GTSA, as one of the most recognisable brands in the real estate space, is looking to exploit these trends, which we are likely to see evolve over the next few years, by investing heavily in its marketing technology to help individual vendors and real estate brokers reach an audience they usually could not reach
Because we work in a bilingual region, we understand the importance of sending emails in your preferred language. If you click on this link, you will see our property options. Filling out this form will automatically update your preferences for receiving targeted real estate opportunities.

The first changes will be a new AI-inspired property website and an integrated, targeted mail system. Our property website and subscribers are separate from the News site on which this post appears.

After testing, this should be loaded and ready to function in the next few weeks. The old legacy site will be removed, and the new one will be loaded onto the same domain. www.gatewaytosouthamerica.com

We welcome those serious about buying or selling real estate in the region to collaborate with us to take advantage of the new opportunities we see to market their company’s properties to a larger audience.

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About Geoffrey W W McRae

With a highly distinguished career spanning more than three decades across five different countries, New Zealander Geoffrey McRae has established himself as a leading authority on South American real estate, agricultural, and commercial matters. As the founder of Gateway to South America – a real estate consulting group specialising in six South American countries – Geoffrey has developed a reputation for discretion, expertise, and experience that has seen him represent some of the most prestigious clients in the region. His deep knowledge and experience of South American markets have placed him at the forefront of the industry and given him the opportunity to guide and advise with confidence and surety. His long and successful career – which continues to evolve and expand daily – is a testament to his talent, tenacity, and ambition.

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