After long negotiations and reviewing the reports of market analysts the members of the board of Kelex Properties Limited decided to choose Latin America market.
If to compare the rates of 2011 the demand has grown by up to 30% on the market of Latin America. This is the result of first signs of economy recovery but not only. To begin with the real estate market of Latin America was originally oriented on internal customers. That is why the significant decline of the external demand caused almost no damage. Moreover, this region is relatively isolated from the rest of the world in terms of economy. In pre-crisis period this territory was not as popular as now.
Currently thanks to great number of developers and construction agencies that have emerged within last five years the construction paces of new property units have increased dramatically. The government of the countries like Venezuela supports the creation of new real estate units by offering comfortable tax environment for foreign investors and by sponsoring domestic construction programs. Low cost of building materials is another factor that facilitates real estate sphere development. During the last year the market if Latin America has demonstrated stable growth and according to the analysts this tendency will preserve.
For the reasons mentioned above Kelex Properties Limited decided that countries of America can offer better conditions than any other market. The CEO of the company has signed the official order to start active preparations for market approach. Kelex Properties Limited has extensive connections but those may not be enough for normal functioning of this Cyprus investor. That is why in the nearest future we may hear about the company establishing business relations with the banks or developers located or operating in Latin America region.
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