Against the economic doom and gloom of North America and Europe, there is no doubt that Latin America has a ray of sunshine in these troubled times. This is a continent in the world where for many years was overlooked by investors, abstained by expatriates and seen more like a political chasm. This is how Leonardo González Dellán views how times have really changed in the Latin America region.
Over the past few years, expats had a significant shift in trends, while Europe and North America continue to toil. Here are the reasons why expats are moving to this area and what they expect:
When you remember that the likes of Peru have delivered an economic growth of 6% in 2013, Columbia around 4% and Brazil between 2 to 3%, there is hope in Latin America for their future. The figures alone may not be surprising as when you compare the ongoing issues within Europe, with some countries experiencing a triple dip recession. In Latin America, their economies even look better.
An Improved Standard of Living
While it may be wrongful for residents in Latin America to benefit the economic upturn, it is right that the standard of living and average incomes have multiplied dramatically. Although there are some areas in these leading countries which need to step up from the game like poverty, their growing economies aim to raise additional funds to handle these crushing issues.
Mr. Leonardo González Dellán believes that the cost of property, services, goods and general cost of living will likely improve in South America. For many expats they still believe that the political arena will sound more encouraging. This has opened many new opportunities for business, while investors and expats are slowly coming forward.
Aside from the economic prosperity now experienced in the continent, its main attraction is actually its stability. When we talk about stability, it refers to the economic and political point of view of Latin America. This region was seen by the whole world as a political hot potato over the years. Brazil was trifling with bankruptcy, Argentina struggling with growing debts, but the whole Latin America’s political arena remained comparatively stable.
These are the types of factors that people like Leonardo González Dellán hold close to their hearts when searching for homelands abroad. This can surely attract relevant international investment and that it will make or break the future of the region.