John Frieh Posted June 22, 2006 Share Posted June 22, 2006 Has anyone purchased land/property in other countries? Specifically S. America? How difficult/risky/etc etc is it? Laws? Any info/experiences/contacts would be great... Quote Link to comment Share on other sites More sharing options...
ryland_moore Posted June 22, 2006 Share Posted June 22, 2006 It depends. Some countries are o.k. while others are not. If it is a resort area that is really touristy, you have a better chance. If you are looking fo some remote area, better plan on living there of hiring caretakers. In Costa Rica, I looked at some property and found out some interesting information like thegovt. owns all beachfront property and will only lease the land. No clear title was given to land, and squatters rights still existed. Many landowners who lived on the properties would clear cut their haciendas just to make it easier to monitor and protect themselvesf rom squatters living on their land. Iwould stay away unless you plan on living there. I would also hire a local attorney to do all the paperwork for you. Quote Link to comment Share on other sites More sharing options...
cj001f Posted June 22, 2006 Share Posted June 22, 2006 The where makes a big difference... as well as how liquid you expect the property to be. Ryan brought up the upkeep/ongoing costs issue - for freestanding properties they can be substantial. Quote Link to comment Share on other sites More sharing options...
corvallisclimb Posted June 22, 2006 Share Posted June 22, 2006 My friend purchased about 5 acres in Patagonia, about the easiest purchase he ever made. Look at all the land Tompkins owns! If you want I could probably put you in contact with some people who could help. Quote Link to comment Share on other sites More sharing options...
John Frieh Posted June 22, 2006 Author Share Posted June 22, 2006 Thanks guys... I think if I ended up buying I would make it a semipermanent move... need to get out of here while I still have some life left. Tyler: hook it up. That's where I am thinking... Any other info would be great! Quote Link to comment Share on other sites More sharing options...
JayB Posted June 22, 2006 Share Posted June 22, 2006 Look before you leap - and check YOY valuations if you can. Not many popular locations overseas have escaped the effects of the global credit bubble that's been driving property markets around the world since late 2000-01. Quote Link to comment Share on other sites More sharing options...
cj001f Posted June 22, 2006 Share Posted June 22, 2006 My friend purchased about 5 acres in Patagonia, about the easiest purchase he ever made. Look at all the land Tompkins owns! If you want I could probably put you in contact with some people who could help. Yeah, but purchasing (anyone will take your money) and owning with real, effective, enforceable property rights are two different things..... just look at the land Tompkins 'owns'. From the people I know in Argentina currently things are alright, partly because the Argentine's need the money. That's all subject to change though... Quote Link to comment Share on other sites More sharing options...
billcoe Posted June 23, 2006 Share Posted June 23, 2006 Ryland, nice to hear from you about this. I was thinking of getting something in Costa Rica as well soon. There is large Ex-pat community there and you generally don't hear bad stories...... ?? Like to hear the product of you results John when you winnow out the results and information. Quote Link to comment Share on other sites More sharing options...
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