Property Abroad
News
Mexico: a paradise for tourists and business opportunities

Mexico: a paradise for tourists and business opportunities

Mexico: a paradise for tourists and business opportunities
  • Why does Mexico attract tourists and foreign investors?
  • How to choose the perfect property in Mexico for investment?
  • Why should you pay attention to the Caribbean Club project in Puerto Aventuras?
  • Investing in real estate: Why should you pay attention to Mexico?
  • Investing in real estate and living in Mexico: opportunities and advantages
  • How can moving to Mexico and Brazil change your life?
  • Investing in Brazil and Argentina: Opportunities for Foreign Citizens
  • What are the conditions for purchasing real estate and moving to Argentina for foreigners?
  • Why consider giving birth to a child in Argentina and living in Chile?
  • How can citizens of Belarus and Kazakhstan quickly obtain a visa for Chile?

Mexico: An Attractive Country

Mexico is famous for its picturesque beaches and unique historical monuments that belong to the cultures of the Maya and Aztecs. This makes the country attractive both for tourists and for entrepreneurs looking to explore various business opportunities. In this article, we will take a detailed look at life in this incredible country.

The economy of Mexico

The economy of Mexico is one of the most developed in the Latin American region and holds a significant position on a global scale, ranking among the twenty largest countries by gross domestic product. The country has a per capita income level that is above average; however, there is significant social differentiation in society, where one can find both very poor groups and quite wealthy segments of the population. About40%A portion of Mexico's population lives in poverty.

Interesting Paradox

This creates an interesting paradox. While residents of the U.S. view migration from Mexico as one of the pressing issues, there is also a reverse flow: many American retirees are choosing to move to popular resort cities like Cancun and Playa del Carmen.

The Role of Tourism

Tourism is one of the most important factors in Mexico's economic development; about two-thirds of the country's gross product is generated in the service sector, while less than a third comes from industrial enterprises, and agriculture contributes only a small share to the overall GDP. Overall, the economic situation in Mexico remains stable, and economic growth has been observed for more than ten years, except for the difficulties related to the pandemic.2020.

Real Estate Market

As for the real estate sector, it is showing steady growth, largely due to domestic demand. Foreigners from the USA and Canada are actively buying property on the coast.

  • Real estate prices in the country have been rising for about2-3%annually.
  • The rental yield ranges between4.9%and5.4%% per year.
  • In Mexico City, the capital of Mexico, the price per square meter is around$3000.
  • In resort areas, this figure is closer to$1100.

Legislation in the Real Estate Sector

It is also important to note the significance of legislation regarding the real estate market in Mexico. Foreigners are prohibited from acquiring land in close proximity to the borders (within100 km) and the coast (50 kmThis law was enacted over a hundred years ago to protect the interests of the country.

Nevertheless, over time, another legal mechanism was introduced that allows foreigners to own resort property on the coast through a bank trust.trustThere are three parties involved: the seller, the buyer, and the nominal buyer, in whose name the ownership will be registered.

The actual right to dispose of the property remains with the party to the transaction, while the certificate of ownership is kept in the bank. This system protects the interests of foreign buyers and opens access to the resort real estate market. Therefore, for successful interaction in this area, it is important to consider the specifics of local legislation to avoid potential issues.

Interesting real estate properties in Mexico

Today, there are many attractive real estate investment opportunities available in Mexico. One interesting offer is a unique villa, the price of which is142,387 eurosThe area of this cozy house is64 square metersIt includes one bedroom and one bathroom.

A virtual tour is available, allowing you to evaluate the villa, and there is also the option to complete the transaction online. This villa is located in a residential complex.Global Costa MayaJust a few minutes away from the famous resorts of Cancun. The complex is known for its pristine white beaches and the mesmerizing turquoise hue of the Caribbean Sea.

As part of this project, various plots of land and residential houses are available, which can be furnished with custom furniture. At this stage, pre-sales are being conducted, giving buyers the opportunity to purchase land at favorable prices.

Villa from MG Group

Another interesting option is the company's villa.MG Groupwhich is sold for565,527 eurosThis object is the size of155 square metersIt includes four bedrooms and three bathrooms. It is located in Tulum and is a true natural paradise of the Caribbean region, surrounded by beautiful beaches with white sand and clear water.

The villas are located within a large hotel complex.Riviera Maya, also surrounded by unique parks with rich vegetation and historical monuments. It is the perfect place to relax and fully enjoy nature.

Comfortable house in San Cristobal

Investment companyProperty Investoroffers a wonderful house in San Cristobal, Merida, for268,510 eurosThis townhouse has an area of201 square metersincludes two bedrooms and two and a half bathrooms and is situated on a lot size of296 square meters.

The area of the plot is7.35 metersin width and40.4 metersin length. This magnificent house is located in the southeastern part of the historic area of the city, offering a unique blend of modern comfort and rich culture.

Luxurious apartments in Puerto Cancun

Luxury real estate enthusiasts should pay attention to the apartment being offered in Puerto Cancun for845,992 eurosThe area of this housing is217 square metersincluding three bedrooms and three bathrooms. This new elite area in Cancun boasts a prime location by the sea.

The infrastructure here is well-developed, with numerous luxurious residential complexes and villas featuring high-quality finishes and stunning views from the windows. The area has gained popularity due to its unique location and high living standards.

Other suggestions

Apartments in Puerto Cancun are also offered for510,354 euros, with an area112 square metersand two bedrooms. This property is also available for virtual tours and online transactions. This area has become home to many elite residential complexes, offering their residents all the necessary amenities and additional services.

Penthouse in Puerto Aventuras

In addition to the offered property, it's worth visiting the penthouse for...2,298,890 euroslocated in Puerto Aventuras. The area of this luxurious property is520 square metersand it includes five bedrooms and five bathrooms.

Puerto Aventuras is a gated community that covers an area of350 hectareson the coast of the Riviera Maya, which is located in a picturesque area surrounded by stunning nature. The distance toPlaya del Carmenis only15 kilometers, and to Cancun International Airport —80 kilometers.

Results

Thus, the real estate market in Mexico offers extensive opportunities for those looking to invest in attractive properties. Here, one can enjoy the beauty of the local coastline and cultural heritage. Each of the offerings presents a variety of options suitable for different needs and financial capabilities, ranging from cozy townhouses to luxurious villas and penthouses.

Mexico: a paradise for tourists and business opportunities

Project Caribbean Club: Overview

The Caribbean Club project offers a variety of housing options in Mexico, each with impressive features. For example, you might want to check out the 151 m² apartments priced at €320,281, which include two bedrooms and two bathrooms. An online viewing is available, allowing for a remote transaction as well. In this article, we will take a closer look at the city itself.

Puerto Aventuras: General Information

Puerto Aventuras is a picturesque place on the Riviera Maya coast, founded over thirty-five years ago. This small town stretches along the Caribbean Sea and is just 15 kilometers from the popular Playa del Carmen. Cancun International Airport is located 80 kilometers away, while Tulum is only 30 kilometers from Puerto Aventuras. The town is surrounded by 350 hectares of a gated, protected area, ensuring safety for residents and tourists.

Options for Caribbean Club Apartments

As part of the Caribbean Club project, there are also apartments available with an area of 181 m² priced at €520,469, which include three bedrooms and three bathrooms. Payment can be made in rubles, which will be convenient for Russians.

Nature and Entertainment

Puerto Aventuras is famous for its stunning nature and unique ecosystem. There are plenty of activities for the whole family here:

  • Water sports
  • Walks along the coast

This city offers its residents and guests an amazing combination of the comfort of modern apartments and the grandeur of the surrounding nature.

Other Housing Options

Another interesting option at Caribbean Club is an apartment with an area of 179 m² priced at €387,133, which also includes two bedrooms and two bathrooms. As with the previous offers, there is an online viewing and the possibility of a remote transaction.

Advantages of Puerto Aventuras

Speaking of Puerto Aventuras, it should be emphasized that this place is perfect for both permanent living and vacationing. There is a calm atmosphere and a well-developed infrastructure here, which ensures a comfortable life.

Spacious Apartments and Penthouses

If you are looking for more spacious apartments, it’s worth considering options like:

  • A penthouse with an area of 185 m², priced at €593,114, featuring three bedrooms and three bathrooms, making it ideal for family living or a long-awaited vacation.
  • Apartments with an area of 169 m² priced at €716,334, which will appeal to those looking for a three-bedroom, three-bathroom home.

All real estate properties feature high-quality materials and modern design, allowing you to feel at home.

Comfortable Living Conditions

In addition, the project offers apartments with an area of 203 m² priced at €734,725. These apartments, like the other options presented, provide all the necessary comfort for a full life.

Conclusion

In conclusion, it is worth noting that Puerto Aventuras is not only an oasis of tranquility but also an actively developing resort that offers opportunities for real estate investment. The Caribbean Club project provides unique options for those who want to choose this magnificent corner of Mexico. Whether you are looking for an apartment for permanent residence or for vacation, you are sure to find something that meets your needs here. This city will be the perfect place to create unforgettable memories for many years to come.

Real estate in Mexico from the Caribbean Club

The Caribbean Club project offers magnificent opportunities for those dreaming of purchasing real estate in the exciting Mexican region. For example, a luxurious villa with an area of 100 m², located near the picturesque Tulum, is available for sale for124,140 €This stunning house, surrounded by greenery, includes its own garden and is the perfect place for a secluded getaway. The two-bedroom villa is located in close proximity to Tulum, which is rapidly developing and offers everything needed for comfortable living and a variety of leisure activities.

A plot of land near the biosphere reserve

Investors interested in real estate should pay attention to a plot of land that is up for sale for679,552 €This unique area of 2.7 hectares is located right by the sea, offering 100 meters of beachfront and access to the lagoon of the Sian Ka'an Biosphere Reserve. This opportunity will be a true find for those looking to build a home by the water, whether it's a cozy dock for entering the lagoon or something else.

Luxurious villa in Tulum

There is also a magnificent villa on the market with an area of185 m², offered for440,467 €This open-plan house was designed by one of the most prestigious developers in Tulum, known for their commitment to eco-friendly solutions. The master bedroom leads to a luxurious rooftop terrace, where you can enjoy the morning sun with a cup of coffee or spend the evening with friends over cocktails.

  • The spacious kitchen and cozy living room seamlessly lead to the open terrace, creating an atmosphere of comfort and warmth.

Penthouse with a view of the jungle

A penthouse with an area of is also up for sale.146 m², at a cost of234,487 €It offers two cozy bedrooms and a magnificent view of the green jungles of Tulum. The penthouse is located in a new residential complex, the construction of which has been completed in2020It is just ten minutes from the city center and fifteen minutes from the beach, making it a great place for permanent living.

Business opportunities: boutique hotel

For those considering starting a business, a boutique hotel is being offered with an area of750 m²at the price2,298,890 €This hotel complex is located just steps away from the famous 5th Avenue in Playa del Carmen and the beautiful beaches of the Caribbean Sea, making it an attractive investment opportunity.

  • The hotel features 20 luxurious rooms and suites, each combining uniqueness with the rich culture of Mexico.

Mediterranean-style hotel

There is also an attractive Mediterranean-style hotel on the market, covering an area of1000 m²which includes 20 comfortable rooms. It is conveniently located in the rapidly developing area of Aldea Zama, across from the new commercial center known as the New Fifth Avenue of Tulum. The hotel's infrastructure is already ready for operation and includes:

  • Reception
  • Restaurant
  • Swimming pool
  • Wide corridors

All utilities, such as water supply, sewage, and electricity, are already connected.

Conclusion

Thus, the real estate market in Mexico offers a rich selection of enticing properties suitable for both personal living and business ventures. This region impresses with its cultural depth and natural landscapes, making it an ideal choice for investors and anyone looking for a new place to live and relax.

Investment in real estate in Mexico

Investing in real estate in Mexico is quite an enticing option, especially when considering a penthouse of 404 square meters, priced at 541,619 euros. This prestigious property is located on the picturesque white sandy beaches of the Caribbean Sea and offers an unforgettable vacation on the Riviera Maya, in the Mexican resort. With its modern and stylish design, the penthouse is perfect for family holidays, romantic getaways, weddings, and honeymoons in Playa del Carmen.

This luxurious boutique hotel, awarded the AAA Four Diamond, provides all the conditions for a comfortable and relaxing stay.

Unique offers in Playa del Carmen

It is also worth noting a unique residential complex offering apartments for €342,075 with an area of 106 square meters. This project is located in one of the most sought-after areas of Playa del Carmen, known as the Italian Quarter.

This place is perfect for enjoying summer evenings with a coconut drink in hand or for morning coffee in January, overlooking the magnificent shades of the Caribbean Sea. The residential complex is located in close proximity to many famous attractions and recreational areas, making the offered apartments particularly appealing to potential buyers.

The process of acquiring real estate

If you are interested in the process of buying real estate in Mexico, you will find many similar offers, as there are plenty of investment options available in the market. It is also recommended to consider obtaining a tourist visa, especially for citizens of Russia and Ukraine, who can apply for a visa on arrival. This visa allows you to stay in the country for up to 180 days.

Citizens of Belarus, Kazakhstan, and Uzbekistan can obtain a Schengen visa or a visa issued by the Mexican authorities.

Moving to Mexico

Thinking about moving to Mexico? This country is actively seeking to attract wealthy foreign citizens. You can obtain residency based on financial stability. To do this, you need:

  • The amount in the bank account has been 44 thousand dollars over the past 12 months.
  • Confirmed income of $2,600 per month for the past six months.

The visa is granted for six months with the possibility of extending it for up to four years. It is important to remember that if you stay in Mexico for more than six months, you become a tax resident of that country.

Obtaining status through the birth of a child

Another interesting option for simplifying the process of obtaining status is the birth of a child on Mexican soil. In this case, the child automatically receives citizenship, and their parents are entitled to apply for permanent residency.

Permanent residency can be changed to citizenship after two years. It is also worth considering purchasing real estate worth at least 5.668 million pesos (approximately 280 thousand dollars) or investing in a business for at least 2.834 million pesos (around 140 thousand dollars) to obtain a residence permit.

Opening a business in Mexico

Starting a business in Mexico is a promising step, as there are many untapped market niches. The process of registering a company for foreign investors is quite simple, and there are virtually no restrictions.

However, it is important to understand that moving with a work visa can be a more complicated option. Mexico does not have a shortage of labor, and job openings that require simple physical work are often filled by locals.

It is a mistake to think that salaries in the country are high, as they actually remain at a low level. As for highly skilled work, local legislation can create certain difficulties for foreigners when searching for job openings.

Moving to Mexico

In the Mexican Republic, there is a legislative norm that allows for exceptions for foreigners, provided that a certain number of local workers are employed. Specifically, it is necessary to have at least ten residents of Mexico on staff in order to obtain the right to employ a foreigner. However, these rules can be relaxed for certain sectors, especially in the field of information technology, which, in turn, has contributed to an increase in the number of people wishing to relocate to this country in recent times. In this article, we will explore the possible options for moving to Mexico today.

The economy of Brazil

Brazil, the largest power in South America, occupies almost half of the continent. The most common associations with Brazil are, of course, football and coffee.

Recommended real estate
Buy in Spain for 1950000€

Sale villa in Marbella 2 068 181,00 $

4 Bedrooms

5 Bathrooms

452 м²

Buy in France for 255789£

Sale flat in Nice 328 133,00 $

1 Bedroom

54.74 м²

Buy in Spain for 3250000€

Sale villa in Morayra 3 446 969,00 $

4 Bedrooms

8 Bathrooms

568 м²

Buy in Italy for 155225£

Sale flat in Rome 199 127,00 $

1 Bedroom

1 Bathroom

62 м²

Buy in Spain for 895000€

Sale penthouse in Cremona 949 242,00 $

3 Bedrooms

2 Bathrooms

146 м²

Buy in Spain for 2995000€

Sale villa in Oeirash 3 176 515,00 $

6 Bedrooms

6 Bathrooms

555 м²

However, if we look at agricultural exports, we can see how deeply rooted historical achievements are in this area, while the developed service sector also highlights the importance of this country for the economy of the future.

Economic development

Currently, Brazil holds a leading position in terms of economic development in the southern part of the world. In terms of gross domestic product (GDP), it ranks 12th in the global ranking. Historically, Brazil has been known as a source of resources such as sugar, gold, and cotton. However, the country's economy is now represented by a developed industrial base, which accounts for about 18% of the total GDP.

  • Service sectorbrings significant income.
  • Agriculture accounts for only about 6% of the entire economic structure.
  • The creative industry significantly impacts the stable growth of the economy.

Economic challenges

Despite the positive dynamics, Brazil has faced several economic crises and recessions over the past 20 years. The most severe period was from 2014 to 2016. The COVID-19 pandemic also left its mark on economic development; in 2020, the economy contracted by more than 4.1%. However, it is worth noting that in 2021, Brazil began to gradually emerge from this crisis.

Real estate market

The real estate market in Brazil has also undergone significant changes. During the economic downturn, housing prices dropped noticeably; however, when the market began to recover, it was once again affected by the pandemic, which led to further price declines. In 2021, it seemed that there was a slight uptick, but considering the level of inflation, it can be said that the actual cost of housing continued to decrease.

Nevertheless, it's hard to talk about the affordability of Brazilian real estate. For example:

  • The price per square meter of housing in Rio de Janeiro is about $4,370.
  • To purchase a 120-square-meter apartment in the center of São Paulo, around $500,000 will be needed.
  • In Rio de Janeiro, the cost of a similar apartment will be around $700,000.

As for rental rates,

  • In São Paulo, rent costs about $1,200 a month.
  • In Rio, our fellow citizens will pay around $1,000.

The rental yield remains at a fairly low level: in Rio, it ranges from 3.5% to 4.5%, while in São Paulo, it is slightly higher.

Visa regime

It should be noted that citizens of Russia, Ukraine, and Belarus are allowed visa-free entry into Brazil for up to 90 days within a six-month period, with the possibility of extending their stay by an additional fifteen days. For citizens of Kazakhstan, the visa-free regime is set for a duration of 30 days.

Residence permit

When it comes to moving to Brazil, it's important to know that you can obtain a residence permit for various reasons, such as:

  • Training
  • Labor activity
  • Business management
  • Presence of family ties

There is also a special category for retirees. To obtain a residence permit in this category, you must be over 51 years old and demonstrate that your income is at least 6,000 reais (comparable to $1,250). Regardless of your reasons for moving, Brazil is open to those seeking new opportunities and looking for a change in their lives.

Investor visa for Brazil

In Brazil, there are various types of visas, among which the investor visa holds a special place. This visa provides the opportunity to obtain permanent resident status in the country. To apply for such a visa, it is necessary to make investments of at least 500,000 Brazilian reais, which is approximately equivalent to 104,000 US dollars. Investments can be made in both startups that are just beginning their operations and in already existing businesses.

However, if the investment is associated with the creation of at least ten jobs for local citizens or aimed at the development of technologies, innovative products, or scientific research, then the minimum investment amount is significantly reduced to 150,000 reals (approximately 31,000 dollars).

Real estate investments

There are also opportunities to obtain an investor visa through investments in real estate. In this case, the minimum amount is set at 1 million reais (about 208 thousand dollars). For the northern regions of the country, this threshold is lower, at 700 thousand reais (approximately 150 thousand dollars).

It is important to note that individuals who become residents of Brazil automatically become tax residents of the country, which implies the mandatory payment of taxes on income from abroad.

Visa for digital nomads

In 2022, Brazil also enacted a visa law for digital nomads, offering a one-year residence permit with the possibility of extension. To obtain this visa, it is necessary to confirm a minimum monthly income of $1,500 or have at least $18,000 in a bank account.

It is important to note that after four years of continuous residence in Brazil, one can apply for citizenship. This period can be reduced to one year for those who are married to a citizen of the country or have a child who is a Brazilian citizen.

Argentina: Economic Context

Let's move on to Argentina, which holds one of the leading positions in terms of territory in South America, but has a population that slightly lags behind Colombia. The GDP per capita here is lower than in countries like Chile, Uruguay, and Panama. This is due to the ongoing political and economic stresses that have affected Argentina since the 20th century and continue to this day.

Argentina has already experienced several defaults, and its external debt remains at a fairly high level. Nevertheless, after the financial crisis of 2018, the country's economy began to gradually recover. In 2021, Argentina recorded a GDP growth of 10.3%, which is partly explained by the so-called "low base effect."

The economic structure of Argentina

The economic structure of Argentina is quite diverse:

  • Tourism and trade account for about 17% of total income.
  • The industrial sectors are actively developing, especially the mining industry and agriculture.
  • Argentina is known for its high-quality meat, particularly beef.

Housing prices

Housing prices in Argentina began to decline even before the pandemic, and the economic downturn caused by the coronavirus only accelerated this process. Considering all of the above, one can conclude that there are significant opportunities for foreign citizens looking to settle or invest in Brazil and Argentina, despite the existing economic challenges.

Nevertheless, despite a 7% decrease in real estate prices in the capital of Argentina, Buenos Aires, in 2020, the cost per square meter reached $2,500 at the beginning of 2021. However, it is important to note that there are significant price differences in various neighborhoods of the city, which can vary greatly. For example, a square meter in the new prestigious area of Puerto Madero is valued at $5,000, while in the southwest of the city, it can be found for as little as $850. Foreign citizens can purchase real estate in Argentina without much difficulty, although they will need to obtain a local tax identification number (TIN) for this.

Real estate market

Before the pandemic, the main buyers of real estate in Buenos Aires were locals, while foreigners accounted for only about 10% of the total transactions; among them, clients from the USA, Canada, Spain, France, Brazil, and Italy were predominant. Outside of Buenos Aires, foreign investors are also showing interest in other major cities such as Córdoba, Rosario, and Mendoza, purchasing properties both in the cities and their suburbs. Foreigners are also allowed to buy agricultural land and are actively interested in country houses for outdoor living — this trend has particularly intensified since the onset of the pandemic.

Tourist visas

As for tourist visas, citizens of Russia, Ukraine, and Belarus can visit Argentina without a visa for up to 90 days within a 180-day period. Citizens of Kazakhstan can stay in the country for up to 30 days without a visa. The main purposes of the trip can be:

  • tourism,
  • transit,
  • visits to friends and relatives.

In case a longer stay or a trip for a different purpose is planned, it will be necessary to obtain a visa at the Argentine embassy or consulate outside the country.

Moving to Argentina

The question of moving to Argentina also generates considerable interest. The most favorable entry conditions are provided for citizens of other South American countries that are part of the Mercosur bloc. However, for citizens of Europe or North America, the process of obtaining residency in Argentina is not particularly difficult — there are more than ten grounds for obtaining such status. These include:

  • labor activity,
  • studies
  • scientific research
  • financial independence.

A foreigner with a stable income from abroad has the opportunity to apply for a residence permit for one year with the possibility of extension. To do this, it is necessary to confirm the presence of financial inflows of at least 30,000 dollars per year.

Special conditions for pensioners

There are also special conditions for pensioners who wish to legalize their status in the country. The following is required for their processing:

  • confirm the fact of receiving a pension on a regular basis,
  • specify the amount and the timeline for receiving the payment.

This type of residence permit is issued for one year with the possibility of extending it for up to three years. Additionally, there is an investor program that requires a minimum investment of at least 1.5 million dollars in the Argentine economy. These funds can be used to develop various sectors such as industry, trade, or services. The prospects of the investment project will be evaluated by the Ministry of Industry and Tourism of Argentina.

Unique opportunities for giving birth to a baby in Argentina

The arrival of a new family member in Argentina offers parents unique opportunities. When a child is born in the country, they automatically acquire Argentine citizenship, which also opens up prospects for their parents.

They have the right to submit documents for permanent residency (PR). This means they can start the citizenship application process right away, but the duration of this process can vary due to bureaucratic procedures, which can sometimes be prolonged.

Foreigners who have permanent residency or have been living in Argentina for more than one year automatically become tax residents, which requires them to pay taxes on income earned both within the country and abroad.

To become a full citizen of Argentina, one must continuously reside in the country for at least two years. If one of the spouses is a citizen, the other partner can expect expedited citizenship procedures, which is particularly advantageous for couples.

Features of Chile

Now let's turn our attention to Chile, where the unique geographical structure is a narrow strip of land stretching along the Pacific Ocean coast.

However, for those seeking the perfect conditions for a beach holiday, it can be challenging. The cold Peruvian current dominates the country's coastline, making it difficult to find comfortable swimming spots, although they do exist.

The most famous resorts are located in the north, and they are mainly spots for surfing, rather than typical beach vacations.

In the southern part of Chile, you can encounter penguins, which adds uniqueness to this region.

Economic development of Chile

Chile's economic development shows steady growth. In 2021, the country's gross domestic product (GDP) increased by an impressive 11.7%.

  • Income levels of the population remain high.
  • The minimum wage in the country is one of the highest in South America, amounting to 460 dollars.
  • The economy of Chile includes various sectors:
    • Services
    • Extractive industry
    • Agriculture
  • Low levels of corruption make the country more resilient compared to other countries in Latin America.

The real estate market in Chile

The real estate sector is also showing positive growth trends, which is linked to overall economic stability. Chile can be considered one of the countries with the fastest rising housing prices.

The cost of real estate has been increasing both before and during the pandemic. The main active market is concentrated in the capital, Santiago, where the price of a three-bedroom house ranges around $225,000, which is significantly higher than the average price in other cities in the country.

In Santiago, foreign buyers prefer the neighborhoods of Lastarria and Bellas Artes. Valparaíso, the second largest city and an important industrial center, also attracts buyers.

Non-residential real estate with stunning views of the ocean or the Andes Mountains is of interest to both potential owners and tenants.

Rights of foreigners when purchasing real estate

As for purchasing real estate, foreign citizens have the same rights as Chilean citizens, with the exception of certain restrictions in border areas.

Every real estate sale transaction must be notarized before registration, and the processing time usually ranges from 20 to 40 days.

Tourist opportunities for Russians and Ukrainians

In the context of travel opportunities, citizens of Russia and Ukraine can visit Chile without a prior visa. Each of them is allowed to stay in Chile for up to 90 days within a six-month period, starting from the date of their first entry, which makes trips more convenient and appealing for those who want to explore this amazing country.

Obtaining a visa for citizens of Belarus and Kazakhstan

Citizens of Belarus and Kazakhstan are advised to take care of obtaining a tourist visa in advance for their travels. Let's look at the main steps for obtaining a residence permit in Chile.

Reasons for obtaining a residence permit in Chile

The reasons for which one can apply for a residence permit can vary from:

  • labor activity,
  • studies,
  • family ties,
  • investments in the country's economy.

Special programs for obtaining residence permits are also being developed for gifted foreign citizens.

Time frames and necessary documents

The time required to process such a document can range from six months to two years. At the same time, a number of mandatory documents must be provided, such as:

  • employment contract,
  • confirmation of family ties,
  • medical examination
  • certificate of no criminal record.

There is also a visa available for investors. To obtain it, a foreign citizen must invest a minimum amount in the Chilean economy.five million US dollarsor elsetwo and a half million dollarsif investments are provided in the form of technologies.

Tax residents

Foreigners who reside in Chile for more than six months during a calendar year or for half a year during two consecutive tax periods become tax residents of the country. To obtain a Chilean passport, one must have lived in the country for at least five years.

Uruguay: an attractive corner of Latin America

Let's move on to Uruguay, a small country in Latin America located between Argentina and Brazil. It has a population of about3.5 million residents.

Uruguay delights visitors with its warm climate and proximity to the ocean, making it a very attractive destination for vacation.

Economic features of Uruguay

The economy of Uruguay is centered in the capital, Montevideo, where a significant portion of the population lives and the main production facilities are located. Unlike some of its neighbors, Uruguay is not rich in natural resources, and its economy mainly depends on:

  • export of agricultural products,
  • various services.

In recent years, the high-tech and tourism sectors have been actively developing. Uruguay has high income levels and demonstrates the most even distribution of wealth among its Latin American neighbors. The level of corruption in this country is relatively low.

The real estate market in Uruguay

When it comes to real estate, apartments in Montevideo are particularly attractive to foreign buyers. In second place in terms of popularity are apartments and houses in the resort city of Punta del Este.

Housing prices in Uruguay have been showing steady growth for several years. Currently, the price per square meter in the city center is aroundthree thousand US dollarsLuxury apartments located by the sea typically cost aroundtwo million dollarsHowever, in some cases, prices may reachup to twenty million dollars.

More modest two-bedroom houses located some distance from the beach can be purchased starting attwo hundred thousand dollarsIn the active segment of the real estate market, there is a predominant interest from foreign buyers, primarily from Argentina and Brazil. There is also a growing interest from citizens of the USA and Europe in purchasing vacation homes.

Conclusion

Analyzing life and business opportunities in Mexico, I have come to the conclusion that this country is a true treasure for both tourists and investors. Attractive beaches, a rich cultural history, and a dynamically developing economy make it an ideal destination for living and working. Despite certain social issues, such as high income inequality, Mexico continues to confidently move towards its economic prosperity. According to the data I have studied, the tourism sector holds a significant share of the country's economy: each year, not only the number of incoming visitors increases, but also the interest in places that combine both natural beauty and cultural heritage.

Real estate market

The real estate market is experiencing steady growth. Interesting offers on the coast and in major cities are attracting the attention of both locals and foreigners. Despite the existing restrictions for foreign buyers, the possibility of acquiring property through bank trusts opens new horizons for those looking to invest in Mexican real estate. I was amazed by the variety of properties:

  • Cozy villas;
  • Luxury apartments;
  • Apartments in elite neighborhoods.

These properties attract buyers due to their unique location and comfortable infrastructure.

Opportunities and prospects

Thus, if you have a desire to connect with Mexican culture, explore its magnificent landscapes, or consider investment opportunities, don't miss the chance to learn more. I am confident that Mexico will continue to attract more people seeking new discoveries and successful entrepreneurial ventures. This country undoubtedly presents us with numerous opportunities, and I hope that a more in-depth analysis in my article will help you make the right choice in your next step.

Comment

Popular Offers

Subscribe to the newsletter from Hatamatata.ru!

I agree to the processing of personal data and confidentiality rules of Hatamatata