Real Estate

Real Estate
Friday, January 22nd 2016 - 09:46 UTC

As locals in Punta del Este, “we enjoy a dignified and happy life”

“We are happy, we can live in Punta del Este, we have a good time, we surf, work and bask in beaches”, argues Punta del Este elected mayor Andrés Jafif

London's The Guardian in an article credited to Oliver Balch argues that Punta del Este, Uruguay's main international summer resort has become a 'golden ghetto' for the rich where the poor can't afford staples or lodging. However Mayor Andrés Jafif openly disagrees with the reporting and argues that ”we might be poor (by European standards) but we are happy, we can live in Punta del Este, we have a good time, we surf, work and bask in beaches”.

Friday, January 15th 2016 - 12:13 UTC

US Treasury and Homeland after identification of high end real estate deals in cash

Director Jennifer Shasky Calvery said FinCEN has issued rules at preventing laundering through the mortgage market

The United States is hunting down international criminals who launder money through real estate deals, with the Treasury Department ordering title insurance companies to report the identities of people paying cash for high-end properties in Miami and Manhattan.

Tuesday, June 16th 2015 - 04:47 UTC

Brazil's housing market falling as interest rates rise and the economy slows

Brazil's amazing housing boom appears to be over: house prices in Sao Paulo had soared by 113% (inflation-adjusted) from 2007 to 2013

Brazil's housing market is now declining, amidst subdued economic growth and some civil unrest. In Sao Paulo, house prices dropped 1.2% during the year to Q1 2015, after annual price increases of 0.83% in Q4 2014, 3.29% in Q3 2014, 5.37% in Q2 2014 and 6.71% in Q1 2014

Thursday, May 7th 2015 - 06:48 UTC

Purchase real estate prices in Brazil have fallen in first months of 2015

Rio remains the most expensive with an average purchase square meter price of R$10,653 (approx US$ 3.450), followed by São Paulo: R$8,570 ( US$ 2.760).

Purchase real estate prices all over Brazil have fallen a combined 3.47% in real prices the first months of 2015 according to the Fipe-Zap index. The index collected real estate prices in twenty Brazilian cities and measured them against inflation, registering monthly price rises below inflation for the sixth time in a row.

Wednesday, April 8th 2015 - 17:11 UTC

Bachelet denies any idea of stepping down, because of her family's corruption scandal

“I don't even know the constitutional procedure for such a situation” said categorically the Chilean leader during a media round with foreign press

“No way, I've never thought of resigning or stepping down” said emphatically Chilean president Michelle Bachelet on Wednesday, following a barrage of media rumors which echoed in the social networks during Holy Week, which in South America in a long weekend holiday.

Monday, January 19th 2015 - 07:25 UTC

Value of London's real estate is worth as much as Brazil's annual GDP

London's economy has rebounded strongly since the financial crash and that has been reflected in soaring house prices: they're up 61% in the last five years

The real estate boom has added 1.5 trillion dollars to the value of British homes over the past five years and left London residential property worth as much as Brazil's economy. Research by estate agents Savills shows U.K. houses and apartments were worth £5.75 trillion (8.7 trillion) in 2014, an increase of almost one trillion pounds since 2009.

Wednesday, January 7th 2015 - 06:39 UTC

Land possession and peasants, the first strong clash in Rousseff's cabinet

Minister Abreu argued there no large estates left in Brazil, although 1% of entrepreneur farmers own half of the country's best land

Land possession has caused the first clashes in the newly named cabinet of President Dilma Rousseff with Agriculture minister Katia Abreu arguing there are no large estates ('latifundium') left in Brazil, while her Agrarian Development peer and a stalwart from the ruling party said a social approach was needed to the land and peasants issue.

Tuesday, November 11th 2014 - 07:32 UTC

London's emblematic 'The Gherkin' building purchased by Brazilian billionaire

The Norman Foster-designed building was completed in 2004. The insurer sold the building in 2006 at the height of the last London property boom for £600m.

The Gherkin, one of the most distinctive buildings on London's skyline, has been bought by a Brazilian billionaire. Joseph Safra is reported to have paid more than £700m for the 180 meter tower, which is officially known as 30 St Mary Axe, its street address.

Friday, August 15th 2014 - 06:47 UTC

New record for the US dollar in Argentina's 'blue market', 13.20 Pesos

The blue-chip swap rate went up and closed at 11.60 Pesos, while the stock exchange rate dropped to 12.54 Pesos

The US dollar in Argentine money markets continued its rising path on Thursday with a new record climb to close at 13.20 Pesos. This so-called “blue” dollar had jumped 20 cents to 13.15 pesos on Wednesday, breaking its 13.06 Pesos record from 23 January.

Friday, July 11th 2014 - 22:52 UTC

Staffordshire 159-acre arable land farm on the UK market for £ 1.3 million

The two-floor farmhouse stands to the north of the farm buildings and is accessed via a tarmacadam driveway with a parking area to the front and side.

An 159-acre arable farm (approx. 63 hectares) on the edge of the historic Staffordshire town of Rugeley and bordering Cannock Chase Country Park, central north of England, is on the market with agents Halls with a guide price in excess of £1.3 million (approx. 2.2 million dollars), which works out at over 34.000 dollars/ hectare.

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