Latin American Property Investments Gaining Popularity Among the Wealthy

Source: Mansion Global
By: Beckie Strum
3/24/2017

So far this year, the variety of foreigners contacting Yolanda Tajeda de Walker’s office looking for homes in Chile has run the gamut from younger New Yorkers looking to relocate to wealthy retirees who want a scenic second home in the Andean foothills.

“We’ve definitely seen an increase, not only in terms of purchasing, but for those looking for second or third homes and others relocating to Santiago,” said Ms. Tajeda de Walker, who has been the international business manager at Chile Sotheby’s International Realty since December.

She’s not alone, it seems.

Real estate brokers and wealth managers are noting a movement of foreign property buying to parts of Latin America, thanks to a confluence of changing tastes and international events. Besides the draw of scenic vistas in Patagonia and the Caribbean, political shocks in the west, including the U.S. election of Donald Trump, paired with a strong dollar, and the British vote to exit the European Union, have buyers looking further afield than New York, London and Miami for places to invest and live part-time.

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