Rich investors pulling out of Chile, leaving behind a USD 50-billion hole in the economy
Chile, Latin America’s stand-out economy for the better part of 50 years and a darling of Wall Street, is facing an existential moment in many ways. Chile, Latin America’s stand-out economy for the better part of 50 years and a darling of Wall Street, is facing an existential moment in many ways. Its Milton Friedman-inspired constitution is still intact, for now. But virtually everywhere you look, once sacrosanct pillars of the country’s free-market system — from its private pensions and health…
Chilean Hazelnut Production has exploded
Chile is the largest hazelnut producer in the Southern Hemisphere. Hazelnut cultivation covers about 30,000 ha between the region of Maule, the central zone (Talca, Linares, Chillan) and the south zone of the country, including the regions Araucanía, Los Ríos and Los Lagos (Temuco, Valdivia and Puerto Varas with an additional 800-1000 ha being added yearly). Historically this species was introduced in South Chile by European emigrants, mainly Germans, Italians, and Swiss, principally in Araucania, Los Rios…
The Scots behind Argentina’s sheep farming success
One of the largest sheep farming developments ever in the world is thanks to the emigration of farmers from Scotland’s bleak north coast to Argentina, a new book reveals. The little-known story of intrepid pioneers from Caithness who travelled across the globe is now being told. ‘Caithness to Patagonia’ tells of a largely uncharted aspect of the Scottish diaspora, featuring tales of adventure, hardship and some significant success stories. The regions of Caithness and Patagonia are literally a world…
11 property tips when buying
My thoughts from 30 yrs in the real estate industry. Tip 1: Contact your broker, don’t wait for them to contact you – Good properties always sell, even in a challenging market. Your ability to buy the best properties that tick all your boxes comes down to your relationships with the local brokers, so take the lead and make sure they always think of you first when they become aware of that perfect property. Ask to be on their mailing list if you are not already. Tip 2: Buy when you can afford to…
We are searching for a creative and experienced Real Estate Journalist focused on South America to join our team
Qualifications: We are looking for a bilingual (Spanish/ English) freelance journalist, preferably from South America, who can write positive articles on a diverse range of subjects connected to investment in targeted real estate projects or subjects related to real estate investment in South America for our real estate news site, gtsanews.com. We will give you the subject and the project or subject we want to highlight. ie we might be selling a horticultural farm in Chile. We might need an article about that…
The early Scots pioneers in Argentina and the Patagonia Austral (Chile)
The early Scots pioneers in Argentina and the Patagonia Austral As part of the huge exodus of European peoples, significant Scots emigrated overseas the hundred years before the first world war. Most settled in the United States of America or Canada, Australia, New Zealand and other parts of Britain’s vast empire. A significant minority, however, emigrated to South American states, Argentina being a popular choice. The first Scots settled there in the years before Argentina became an independent confederation…
Top farmland investors name South America a top place to buy, lease and manage agricultural lands for profit
Farmers’ fields in South America are among the most prized assets in a new global market for agricultural land that has sprung up alongside soaring commodity prices. Private equity and fund managers at a farm investing conference in Geneva named South America a top place to buy, lease and manage agricultural lands for profit. “The South American marketplace is really booming along right now,” said Mark Zenuk, managing director of the $3 billion NGP Global Adaptation Partners fund. Black…
Inheritance and Wills in Chile
The basic order of inheritance in Chile after someone dies is that of surviving spouse, children, parents, grandparents, siblings, and then cousins. This also includes the rights of spouses and children for their direct ascendant or decedent to inherit. You are allowed to give a certain percentage of your estate in a will to whomever you like, but for the most part, you can not avoid giving these family members with mandatory inheritor rights a portion of your estate by just drafting a will. There are certain…
A Snapshot of Chile’s Largest Dairy Farm
Manuka is the largest milk producer in Chile, located among the natural beauties of Llanquihue Lake and Osorno Volcano, in the heart of southern Chile, with operations in Los Lagos and Los Ríos regions. They implement the New Zealand grazing model, which takes place on top-quality pastures where their milk is produced sustainably, generating a positive impact by providing security, social development, and economic growth with high respect for the environment, as it deserves. They are committed to generating…
The Necessary Legal Steps to Buy Real Estate in Chile
The three major phases of any property purchase in Chile are negotiation and title search, contract signing or closing, and title registration and payment. Each particular property purchase may have many other considerations, and the timing of these stages may vary greatly; but, broadly, all properties in Chile will go through these three steps or the property purchase sooner or later, or it is not a legally valid or complete purchase. There is one additional phase that is generally optional but common. We…
Argentine and Brazil agribusiness have an “ecological surplus”
Economist Nicolás Torre, from the IERAL Institute of the Mediterranean Foundation, published an extensive thread on the social network Twitter, highlighting that both Argentina and Brazil have a positive “ecological footprint”. That is, they have more natural resources available than those they consume annually to survive. Torre’s report came in response to accusations against South America in recent weeks. First by The President of France, Emmanuel Macron, when he said that Brazil does not…
Why did GTSA develop the vendeRAPIDO® selling process for selling real estate in South America?
There are two reasons. To speed up the selling time and maximise the properties value Current Market Realities South American real estate markets are mainly lightly regulated and highly informal. This means vendors are at a substantial disadvantage when they come to selling a property within a reasonable time frame. Traditional times of sale are measured in months and years. Consequently, transaction costs are among the highest in the world. With the globalization of real estate GTSA saw an opportunity…
Selling or buying properties in remote locations
Sellers face many of the same challenges as buyers do. Still, given current market conditions in many South American markets where we operate, we are finding the market is slow for remote properties. They are often owned as second or third investments outside their home location and are only visited once or twice a year. Each Seller’s motivation clearly varies. However, there is a broad spectrum of Sellers, from those content with fair market value and others who really don’t care what fair market value…
Selling Remote, Exclusive or Unique Real Estate is a challenge in any market but none more so than in South America
Selling prime real estate in the complicated South American markets requires many business and selling skills. It is not for the faint-hearted. Vendors have a low level of trust in traditional selling systems for a good reason. Many salespersons in the industry are part-time, untrained, and unlicensed, putting the owners at risk. Advice for the real estate broker looking to get into the Luxury Property Market Ok, you’ve just taken your first million-dollar-plus listing. After celebrating your victory…