| Could the left's victories in recent
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| | this week (see published by the Global
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| Latin American elections pose a serious
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| | Property Guide.
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| threat to foreign property buyers?
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| | Property markets in many Latin American
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| President Hugo Chavez in Venezuela openly
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| | countries are doing well. Except in
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| tolerates property rights violations.
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| | Venezuela, the newly elected socialist
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| In Altos Mirandinos, 683 'property
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| | governments seem relatively benign, and
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| invasions' were recorded in 2005 in which
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| | unlikely to pose much of a threat to
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| houses were simply seized by squatters.
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| | property investors.
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| Evo Morales, Bolivia's first indigenous
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| | Some countries are even seeing real
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| president, and Ecuador's Rafael Correa,
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| | estate booms. Nicaragua, Argentina and
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| have both expressed strong admiration for
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| | Uruguay offer high yields and good
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| Chavez, who has promised to transform
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| | location, at significantly lower prices
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| Venezuela from a capitalist to a
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| | than in developed countries.
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| socialist state.
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| | "The political pendulum swings one way,
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| With the re-election of Chavez and Lula
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| | then it swings another," says Matthew
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| da Silva in Brazil, and the victories of
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| | Pollock, publisher of the Global Property
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| Correa in Ecuador and Evo Morales in
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| | Guide. "These leftist victories are
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| Bolivia, Latin America has moved firmly
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| | temporary. When President Bush, goes the
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| to the left.
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| | world will breathe easier, and tensions
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| Other leftist presidents include Michelle
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| | will ease everywhere."
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| Bachelet (Chile), Alan Garcia (Peru),
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| | "The outlook for residential property in
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| Daniel Ortega (Nicaragua), Nestor
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| | Latin America remains very positive,
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| Kirchner (Argentina), Tabaré Vázquez
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| | especially as Latin America increasingly
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| (Uruguay).
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| | obtains access to US markets, and as the
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| Yet despite the sweeping victories of the
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| | circle of countries in which US retirees
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| left, neither Morales nor Correa are as
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| | are willing to settle widens.
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| extreme as Chavez, notes a new report out
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|