10 Reasons Why You Should Invest In Chile
Company Formation Chile: With Brazilian sunrays no longer outshining the rest of Latin America, real attention is now being paid to other emerging players in the region, such as Colombia, Peru, and Chile. Chile, in particular, is a very attractive destination to start a business. Strong economic and social policies in Chile have led to a reduction in poverty of 50% since the 1980s, with steady economic growth compared with the other Latin American countries. Chile continues to surge as a significant global…
GTSA Property Site uses the highest-ranked client communication system in the industry
Campaign Monitor ranked the best Email Marketing software. Software Review’s 2023 Email Marketing Data Quadrant report shows how Campaign Monitor excelled compared to Mailchimp, Constant Contact, Hubspot, and Klayvio. Our sponsoring property site Gateway to South America has used this software for over five years, mainly communicating with our clients interested in buying property in South America in English and Spanish but with some marketing in Portuguese. Having marketed in the South American marketplace…
Chilterra. Who is Ricardo Ríos, who once controlled one of Chile’s largest dairy farms?
The third largest national milk producer and former candidate for Regional Councilor for the Los Ríos Region with the Christian Democracy quota, the civil computer engineer who ran Chilterra SA after debts to well over US $60 million. Richardo Ríos has abandoned more than 200 families to their fate, some of which have taken over the Huite farm and kept it producing in the country’s south. Ricardo Ríos was the general manager and legal founder of the Chilterra group, a company composed mainly of the…
A FOREIGNER’S GUIDE FOR BUYING FARMLAND IN CHILE
A FOREIGNERS GUIDE FOR BUYING FARMLAND IN CHILE Maybe you visited Chile as a tourist and fell in love with the country, or perhaps you are aware of its strategies to become a global food supplier. Now you are considering buying some farmland there. Congratulations! Apart from mining, Chile has unique soil and climate advantages for agricultural exploitation and food production. Spread along 2500+ miles on the Southwestern Pacific Coast of South America, Chile encompasses all climate…
CEO of GTSA gives six negotiating tips for foreign buyers
Geoffrey McRae, GTSA Real Estate Consultants CEO, outlines some basic negotiation skills that can help when approaching the sales process in a foreign country. Many foreign buyers are uncomfortable or inexperienced with the negotiation process in a country where they know little about the local customs. While the vendor has their broker to negotiate for them, buyers are at their own mercy. ( the vendor’s broker will often also act as a buyer’s agent, which is the norm in most markets we cover,…
Chilean wine exports suffer a severe decline: China and UK are the worst examples
According to Wines of Chile, Chile’s wine exports in 2023 saw “unprecedented decreases”, totalling 584 million dollars and 20 million boxes. This represents a 24 per cent drop in volume as well as value when compared with the same time last year. The report noted that “all 10 of our major consuming markets experienced a decline in our wine exports in this period. China, our top destination by value, saw volume and value decreases of 40 and 37 per cent, respectively.” The United…
Why South America should be considered a Preferred Investment Destination
GTSA principal Geoffrey McRae has lived and owned real estate in South America since 2003, so he has his own views of its opportunities and risks. He founded the real estate group under the Gateway to South America brand covering Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, so he has seen the benefits and challenges of operating in each country and market. In his opinion, business success in the region relies on the ability to understand the countries’ histories, their business customs and learn…
“Chile’s Real Estate Market Expected to Reach USD 11.55 Billion in 2023: 4.10% CAGR Growth Predicted for 2023-2028”
In recent years, the real estate market in Chile has experienced significant growth and is expected to continue its upward trend until 2023-2028. Market analysis shows that the real estate market in Chile reached a value of USD 11.55 billion in 2023. Additionally, the market is predicted to have a steady compound annual growth rate (CAGR) of 4.10% throughout the forecast period. The Chilean government has initiated this growth by introducing new regulations and policies. For instance, in 2019, the government…
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,…
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…
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…
Chilean Agro Businesses are very diverse
Chilean Agriculture Chile is a leading producer and exporter of some of the world’s finest fruits, berries, vegetables, fish, shellfish, poultry, meats, and its premium wines. Chile is the world’s largest exporter of fresh grapes (29%), plums (23%), and fresh fish fillets (22%); second largest exporter of frozen pacific salmon (30%), avocados (16%), and other frozen fish (10%). Chile is the fifth largest exporter in the world of wine (5%) and frozen pork meat (5%). [Source: Chilean International Economic…
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.…
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 areas 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…
