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