Patagonia, in southern Chile, may not be everybody’s idea of their ultimate destination, but we found an interesting property for sale and thought it would make a worthwhile comparison with the rest of the world.
Moreno Glacier, patagonia - Photo Credit
The first thing to bear in mind when thinking about buying property in Chile is the complete and utter lack of regulation as far as estate agents are concerned. All you need to become an estate agent in Chile is….. Well, actually - you don’t need anything. A good guide to the potential pitfalls and some of the fun one must endure to buy a property in Southern Chile can be found here.
Patagonia is a geographic region containing the southernmost portion of South America. Mostly located in Argentina and partly in Chile, it comprises the Andes mountains to the west and south, and plateaux and low plains to the east. allsouthernchile.com have this spectacular fly fishing lodge for sale – price $325,000 – around £164,000 – the price of a scruffy terrace in the West Midlands. So if you were thinking of getting away from it all, this one’s worth a look.
From the agent’s site:
Established fly fishing lodge for sale in the Rio Azul Valley, Patagonia. Lodge overlooks the confluence of the Futaleufu and Azul Rivers and has a spectacular view of the Tres Munjas, the highest peak in the region. The lodge sits approximately 3 hours from the airport and coastal town of Chaiten and is approx 40 minutes drive from the Argentine border via the town of Futaleufu.
Included in the sale are all vehicles seen in the photos and a number of rafts, life jackets and tools. And of course, and indispensable satellite phone. We suspect it might take a while for help to arrive should you feel the need, but that’s what getting away from it is all about. We have to say – it’s tempting.
Agents site
Resort Site
With all the doom and gloom surrounding the property markets, we felt it was about time to take a look at those markets that have remained robust and healthy throughout the current credit crunch. So here are five markets that have consistently performed well, regardless of the ups and downs seen recently.
Manhattan, New York
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Tuesday, February 26th, 2008
Posted by Overseas Property Mall in
Morocco Property
The designers of the purpose-built Moroccan resort, Mediterrania Saidia, are pleasantly surprised to discover that the marina needs extending even before they’ve finished building it. The marina was over-subscribed from the day it was officially announced and the existing 840 berths will now be expanded to over a thousand.
Each of the additional berths at Mediterrania Saidia will be more than forty foot long and also create space for more commercial areas, a sports club and extra parking spaces. The marina is the hub of the seven million square meter resort which includes restaurants with sunny pavement terraces, bars, a traditional souk, designer boutiques, high street fashion stores, a medical centre and discotheque.
In July 2002, Morocco called a tender to select local and foreign partners to develop five seaside tourist resorts for a budget of $4.2 billion in a drive to attract 10 million foreign tourists by the year 2010.
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Monday, February 25th, 2008
Posted by Overseas Property Mall in
China Property
Shenzen, China
After several years of unchecked growth, Chinese developers have run into the global credit crunch. Combined with a desire by the Chinese authorities to slow things down a little, shares in many of China’s largest listed property developers have fallen more than 50 per cent from their highs of last year in the face of investor fears that some developers might be forced into bankruptcy. The authorities have taken unusually strong measures to limit credit growth and have promised to introduce a tough new policy to reduce developers’ holdings of un built land.
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The ACI management team with Niki Lauda recently
ACI real estate announced yesterday that it’s investment plans for the emirates is currently standing at a stunning £2.8 billion – which is scheduled for both Dubai and Abu Dhabi prime property development. Up-to-date investments include the 3 sports legend commercial towers, known as the “Trilogy” project situated along Dubai’s high-end Business Bay and another 5 new towers soon to be launched in Abu Dhabi.
ACI Real Estate is an affiliate of Alternative Invest Capital, a forward-thinking investment house from Germany.
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Wednesday, February 20th, 2008
Posted by Overseas Property Mall in
Vietnam Property
Ha Noi, Viet Nam
A State Bank of Viet Nam official said, “ Ho Chi Minh City’s real estate market is accounting for around 35 trillion VND or 10 percent of the total loans offered by commercial banks operating in the city.”
Ho Huu Hanh is a director of the State Bank of Viet Nam’s Ho Chi Minh City branch. He also said that since early this year, despite the fact that commercial banks have raised their lending interest rates by 0.05-0.15 percent a month, they have also seen an increase in the number of clients queuing for loans to invest in the property market.
By the end of 2007, the An Binh Commercial Joint Stock Bank had lent property developers 1.2 trillion VND, which accounted for 20 percent of its total lending. The rate was also similar at Sacombank, Techcombank and ACB.
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Mumbai, India
Despite the current issue with lack of infrastructure and clashes with displaced locals, India’s real estate prices continue to rocket. Mumbai and Delhi are now amongst the top ten most expensive office locations in the world, comparing with London, Hong Kong and Tokyo for the top slots.
A recent report by real estate consultants, Cushman and Wakefield put Mumbai, in terms of rental costs at fifth most expensive worldwide, and Delhi in tenth.
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British Architect, Lord Norman Foster, along with Masdar, a UAE energy initiative, unveiled plans for a carbon-neutral city in the desert of Abu Dhabi last week. Foster & Partners architects will design the car-free city which will eventually house 50,000 people.
Masdar’s research institute, which was founded in partnership with the Massachusetts Institute of Technology, will be located in the 6.5 sq km development and aims to turn the city into an alternative energy cluster for 1,500 businesses.
Sultan al-Jaber, Masdar’s chief executive, said “Masdar City will become the world’s hub for future energy - By taking sustainable development and living to a new level, it will lead the world in understanding how all future cities should be built.”
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