Is the the USD doomed as a world reserve currency?
The United States has benefited enormously from being the World’s Reserve Currency because much of the world still uses the dollar for international trade. This is because foreign governments must hold USD in their foreign exchange reserves to settle international claims and intervene in foreign exchange markets. In addition, many emerging market countries like Argentina, Chile, Uruguay, Paraguay and Peru use USD dollars for capital goods. ie housing, commercial property, imported cars, commodities…
In 2022, Chile was Latin America’s third-largest recipient of foreign direct investment. 2023 could even be better
The World Investment Report published by the Economic Commission for Latin America and the Caribbean (ECLAC) reveals Chile’s remarkable performance in attracting foreign direct investment. While surpassed by the region’s powerhouses, Mexico and Brazil, Chile’s investment inflows are higher than those of other significantly larger markets like Argentina, Colombia and Peru. In 2022, Latin America and the Caribbean experienced a substantial surge in FDI, with a total of US$224 billion flowing…
Investing in Chile’s Patagonia: A Wise Move for those looking for a bolt hole from the Northern Hemispheres Instability
Investing in Chile’s Patagonia can be exciting for those interested in sustainable tourism, renewable energy, and conservation efforts. Patagonia is a region of Chile located in the southernmost part of the country, known for its pristine wilderness, stunning landscapes, and diverse wildlife. It is a perfect investment opportunity for those concerned about the unstable political situation in the United States and Europe and for traditional estate investors. The region is known for its natural beauty,…
South American Book of the Week: The Blue Line
A South American Novel – The Blue Line Ingrid Betancourt Set against the backdrop of Argentina’s Dirty War and infused with magical realism, The Blue Line is a breathtaking story of love and betrayal by one of the world’s most renowned writers and activists. Ingrid Betancourt, author of the New York Times bestselling memoir Even Silence Has an End, draws on history and personal experience in this deeply felt portrait of a woman coming of age as her country falls deeper and deeper into chaos.…
The Best Real Estate Marketing Tips For Selling a Property in 2023
If you are like most people, selling your property is probably one of the most significant financial transactions you will make in your life, so here are some tips for selling a property in 2023 quickly, particularly if it is located in the South American region. There will be other properties in competition with you, so you must pull out all the stops to get your property in front of the most qualified buyers locally and internationally. The following marketing ideas may be helpful to you, helping you reach…
Informal Real Estate Agent Customs in Chile
First, we would like to caution that most real estate agents in Chile are honest and well-intentioned. Chile has many good, ethical, and professional real estate agents. There are. However, a few things foreigners looking to purchase real estate in Chile should be cautious about when dealing with real estate agents in Chile, and they should understand the limitations of what to expect from real estate agents in Chile. It can be very much buyer beware. Real estate agents and agencies in Chile are completely…
Water Rights that Affect Chilean Agriculture
Water rights can be complicated when looking for an agricultural property for sale or lease in Chile. The most crucial issue is that you don’t automatically own the water on or under your property. So you could have a river the size of the Rio Plata running through your farm in Chile, but unless you own water rights from that river or canal, you’re not legally entitled to use any of its water. Having said that, Chile has one of the largest reserves of water in the world, so there is lots of it, but not…
Chile has a boom in people opening new USD checking accounts
The boom of checking accounts in dollars in Chile continues unabated: over 100,000 accounts were opened during the first quarter. There was a 400% growth in openings during the first three months of the year in the corporate segment. According to Bloomberg data, Chileans are still firmly embracing the dollar, despite the US currency depreciating nearly 8% so far this year. According to the latest statistics published by the Financial Market Commission (CMF), over 104,000 openings of checking accounts in dollars…
The Chilian experience on how the Far Left is paving the way for the Far Right to rule
Chileans have been on a wild ride in the past year, going from a far-left constitutional convention rejected by two-thirds of voters to a new Constitutional Council with a far-right party in the driver’s seat. But what is going on? Have Chile’s famous cabernets and carménères gone to voters’ heads? The answer lies in the global and regional trends of right-wing populism, from Donald Trump in the US to Jair Bolsonaro in Brazil. El Salvador’s Nayib Bukele declared war on drugs and gangs,…
Answers to Frequently Asked Questions about GTSA
Who are we, and why do we have such a strong web presence with those looking to invest in South American Real Estate? The general characteristics that set Gateway to South America apart from other real estate agencies in the region could be summarised by the following: Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil,…
A warning for South American Wine exporters – Counterfeiting is rife in your primary markets
South America is producing some of the best wines export in the world . In 2014 an Argentine Malbec won the prize for being the best red wine in the world. Counterfieting is of deep concern to many South American exporters, including winemakers. Asia is a major transgressor in this regard. The statistics of counterfeiting make alarming reading. The most recent OECD estimate dates from 2007, when it says cross-border counterfeiting totalled around US$250 billion annually and almost two percent of global trade…
Better News for Chile’s Investors
The Republican Party of the “centre-right” has emerged victorious in the election to determine the members of the body responsible for drafting Chile’s new constitution. The Republican Party secured 22 of the 51 seats, with right-wing parties obtaining the remaining 11 seats. This constitutional assembly is to create a new constitution to supersede the one instituted during the military rule of General Augusto Pinochet. Last year, a referendum rejected a draft proposed by a previous assembly.…
Explaining Chiles Land Title System
Explaining Chiles Land Title System A Real Estate Title search in Chile goes way beyond just tracking the ownership history of a property. Many more issues need to be checked in the numerous public records available in the Chilean legal system. Many other title issues come from common sense experience of the problems in particular regions. Beyond just knowing what documents to request and their significance for a title search in Chile, knowing the local problems and history is essential. For example, what are…
Is the US dollars Dominance ending in Trade?
Despite recent doubts about the dominance of the US dollar as a global reserve currency, its position remains strong due to its immense starting advantage, network effects, and the supply of safe assets available to dollar investors. While individual countries can circumvent the dominant system, a shift to a multipolar system of currencies is not imminent and would be inherently less stable. The reason why not: Counter arguments: Conclusion: China’s controlled flows of capital and current-account surpluses…
Foreign investment reaches US$4.68 billion in the first two months of 2023
Chile’s Central Bank reported that foreign direct investment (FDI) inflows reached US$4.68 billion to February 2023, an increase of 46% compared to the first two months of last year. According to an analysis conducted by InvestChile, foreign investment in the first two months of 2023 was 10% higher than the historical average over the last five-year period (US$4.26 billion). In February, FDI inflows to Chile reached US$3.00 billion, considerably above the average monthly FDI inflows of US$1.83 billion over…
