Real Estate

• Wednesday, July 24th 2013 - 20:52 UTC

  Foreigners own 6% of rural land in Argentina, equivalent to 15.8 million hectares

  

  A total of 5.93% of rural land in Argentina is foreign-owned President Cristina Fernández announced which amounts to 15.8 million hectares. During a speech at Government House, Justice Secretary Julián Alvarez presented a survey that is a prelude to the full implementation of the Law 26,737 on Rural Lands (Ley de Tierras Rurales) passed in 2011 to place a 15% limit on foreign ownership of rural land in Argentina.

• Friday, July 5th 2013 - 06:52 UTC

  Falklands assesses impact of hundreds of new jobs as it develops the oil and gas industry

  

  A more permanent integrated type of immigration for the Falkland Islands is a strong message that has come out of a consultation with Falklands residents, in the preparation for a socio-economic study of oil and gas development in the South Atlantic British Overseas Territory.

• Saturday, June 1st 2013 - 17:34 UTC

  Argentina dollar markets waiting for implementation of the ‘whitewashing bill’

  

  The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price.

• Tuesday, April 2nd 2013 - 19:42 UTC

  Real estate prices’ increase in Rio and Sao Paulo among the highest in the world

  

  The latest Knight Frank’s Global Real Estate Index released this month has Brazil ranking No. 3 in the world and No. 1 in the Americas for rising home prices. Only ridiculously expensive Hong Kong and Dubai, which are not countries, have seen prices rise more. So in fact, no single country has seen its housing prices increase as much as Brazil.

• Wednesday, March 27th 2013 - 21:07 UTC

  Land values in northern Australia have fallen 20/25%; valuations in line with productivity

  

  Land values in northern Australia have fallen 20-25% since the global financial crisis of 2008, and will continue to fall until valuations are in line with productivity. Meanwhile, says Ross Copland, the Alice Springs-based director of Integrated Valuation Services, the curtailing of live export sales that began in 2011 has flipped perceptions of Territory pastoral productivity.

• Tuesday, February 19th 2013 - 05:24 UTC

  Buenos Aires City property sales plummet 27% in 2012 because of the dollar clamp

  

  Property sales in the City of Buenos Aires plummeted 27% during 2012 according to a release from the Notaries College of the Argentine capital. The release shows 46.627 deeds were signed in 2012, which represents a significant 27% shrinkage in comparison to 2011 while the figure in Pesos dropped 21.2%.

• Friday, February 15th 2013 - 23:13 UTC

  Financial Times: Argentina-Uruguay: too close for comfort?

  

  By Jude Webber - On Thursday 14 February the prestigious Financial Times published a piece pointing out the influence of Argentina on Uruguay and its economy. The article is simple and straight and is valid because of the Financial Times unquestionable opinion building capacity, and thus merits reproduction.

• Friday, February 1st 2013 - 07:09 UTC

  Big boost for foreigners who invest in Brazilian real estate

  

  Brazil on Thursday exempted foreign investors from paying a financial transaction tax on purchases of real estate investment trusts traded on the country's stock exchange. Since early last year the government of President Dilma Rousseff has aimed to develop funding alternatives for local builders, many of which are overly dependent on loans from state development bank BNDES, the main source of long-term corporate financing in Brazil.

• Thursday, December 6th 2012 - 07:36 UTC

  Spectacular Brasilia becomes the legacy of master architect Niemeyer

  

  Oscar Niemeyer, a towering patriarch of modern architecture who shaped the look of modern Brazil and whose inventive, curved designs left their mark on cities worldwide, died late Wednesday. He was 104.

• Tuesday, November 6th 2012 - 20:41 UTC

  Real estate activity drops dramatically in Argentina because of ‘dollar-clamp’

  

  Argentina’s real estate sector is already feeling the negative consequences of the ‘dollar-clamp’ implemented by the government of President Cristina Fernandez a year ago, and in 2013 the effect could have an even greater impact for the construction industry.