Real Estate

Saturday, July 7th 2012 - 00:35 UTC
Argentine central bank announces “pesification” of real estate operations

Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.
Wednesday, June 13th 2012 - 08:21 UTC
Argentine dollar restrictions intensify malaise in real estate and the wider economy

On June 7 the Argentine government presented a bill to require debt and new contracts are denominated in pesos, while the government is mulling the de-dollarisation of real estate contracts. This would make real estate purchases even more difficult than they currently are in a country with ever-tightening capital controls.
Saturday, June 2nd 2012 - 03:50 UTC
Argentine construction slides and could worsen because of US dollar restrictions

Argentina's construction activity experienced a notable slowdown in April, the latest indicator pointing to a cooling of economic growth. Looking ahead prospects are not encouraging given the strict restrictions on US dollars, which is the main currency for real estate operations in Argentina.
Friday, May 25th 2012 - 21:40 UTC
Almost 19 million urban Brazilians live with no access to drinking water of sewage

Almost 19 million Brazilians live in precarious housing with no running water, sewage or any basic public services, according to a report on urban infrastructure by the Brazilian Geography and Statistics Institute, IBGE.
Monday, May 21st 2012 - 01:25 UTC
Bargains forecasts in Uruguay as Argentine investors withdraw funds following new bank rules

By Dean Steinbeck (*) As much as it defies common sense, Uruguay entered into a tax sharing agreement that will scare off Argentine investors; the same group of people who are Uruguay’s biggest source of capital, investment, and innovation.
Thursday, April 26th 2012 - 06:10 UTC
“Land grabbing” and the concentration process in Mercosur members

The processes of concentration, foreign ownership and land degradation came to be a central concern of supranational bodies and NGOs that warn, like the United Nations Organizations for Food and Agriculture Organization (FAO), of the “negative effects of these phenomena on food security, agricultural employment and the development of family farming.”
Tuesday, April 24th 2012 - 01:45 UTC
London property boom: Asians bought 51% of new luxury homes

Investors from China and Southeast Asia bought one in every two new homes in central London last year as the number of wealthy individuals in the region swells, Jones Lang LaSalle Inc., said.
Saturday, April 21st 2012 - 07:31 UTC
Astori tells Spanish businesses “Uruguay, an attractive and safe” country for investors

Vice president Danilo Astori currently on a business trip to Spain described Uruguay as an “attractive and safe” country to invest given its macroeconomic solidness, strength of its institutions and stimuli for investors, both domestic and from overseas.
Thursday, March 22nd 2012 - 01:39 UTC
Truman Capote home in Brooklyn Heights sells for 12.5 million dollars

The Brooklyn Heights mansion in New York belonging to writer Truman Capote was sold in 12.5 million dollars to the creator of the successful “Grand Theft Auto” videogame, according to the New York Observer.
Saturday, February 18th 2012 - 06:22 UTC
Russian billionaire buys New York penthouse apartment for 88 million dollars

The family of a Russian billionaire has bought a New York City penthouse apartment for 88 million dollars. The Wall Street Journal says the property at 15 Central Park West in Manhattan is now the most expensive apartment in New York.