Plus: “I Can Buy Property For Half The Price In The USA!”
Feb. 3, 2015
Us$1=626 Chilean pesos
Dear Overseas Property Alert Reader,
The quality of life you’ll find in Chile is one of the best in the Americas. And while Chile is not the cheapest place to live, the value—what you spend compared to the lifestyle offered—is unsurpassed. It’s also friendly to businesses, startups, and entrepreneurs, offering easy residency and citizenship.
Since my first scouting trip here in 2002, Chile’s been at the top of my list for a lot of reasons. And while I’d like to pretend that I’m here on assignment, I actually came because there’s no place I’d rather be during the South American summer… which says even more for this country.
But the big news right now is the exchange rate. At today’s rate of 626 pesos per U.S. dollar, everything in Chile is an astonishing bargain, from an apartment, to a week at the beach, to a bottle of wine or nice dinner out.
As I write this today, we dollar-holders have 36% more buying power than we did in 2011 and 32% more than we had in 2013.
So if you’ve ever considered Chile for a second-home destination or a retirement venue, now is the time to get serious.