South American Real Estate News
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Santiago is the 5th richest city in Latin America

Consulting firm Pricewaterhouse Coopers recently ranked the richest cities in the world by measuring economic output and consumer buying power. Santiago ranked 53rd overall, but 5th among other cities in Latin America, after Mexico, Buenos Aires and Sao Paulo and Rio de Janeiro. The survey ranked 151 major cities by dividing the city GDP by the purchasing power of each resident. Tokyo and New York took the top two positions by a high margin: according the report, Tokyo is worth US$1.2 billion and New York US$1.1…

Chilean Housing Prices Higher due a strong well managed economy

Global Property Guide Unlike many other countries around the world, Chile’s housing market did not suffer the ill effects of the global financial crisis and new reports show that house prices are strong, particularly in the capital of Santiago. The Chilean real estate market experienced only a marginal slip during the worst of the crisis, and the Chilean Chamber of Construction is now reporting 9% increases in prices during the year ending in January 2013. A successful housing program coupled with an expanding…
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