Real Estate

Real Estate
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.

Thursday, June 12th 2014 - 06:42 UTC

IMF launches Global Housing Watch to keep track of markets across the world

IMF Deputy Managing Director Min Zhu linked understanding the drivers of house price cycles with economic stability

The International Monetary Fund (IMF) launched on Wednesday the Global Housing Watch, a webpage ( dedicated to featuring its analysis on housing markets across the world. The page will provide a one-stop shop for the Fund’s Global House Price Index and other data on housing indicators.

Friday, March 14th 2014 - 09:00 UTC

Farm land sales in Uruguay last year totaled a record 1.3bn dollars

The average hectare price was 3.519 dollars but the best land sold at over 6.500 dollars

Farm land sales in Uruguay totaled a record 1.3bn dollars in 2013, involving 1.868 operations and 370.927 hectares, which is 10% more than in 2012, according to the Ministry of Agriculture, Livestock and Food ministry's Stats Office, DIEA. Uruguay's farmland covers approximately 17 million hectares and the most dynamic buyers are the pensions funds, says the report.

Sunday, January 26th 2014 - 09:27 UTC

Uruguay, Ecuador and Malta boast best climates in the world

Punta del Este resort in Uruguay

Uruguay, Ecuador and Malta were named as the best three countries in the world when it comes to climate.

Saturday, December 14th 2013 - 06:26 UTC

Bank of England concerned about potential for a UK housing market bubble

Chairman Carney speaking at the Economic Club of New York

Bank of England governor Mark Carney has said he is concerned about the “potential” for a UK housing market bubble, but will tighten lending requirements if necessary. Meanwhile, a survey suggested house prices will continue “surging ahead”.

Monday, November 25th 2013 - 07:49 UTC

US announces an agreement was reached with Iran on its nuclear program

US President Barack Obama welcomed the deal, saying it would “help prevent Iran from building a nuclear weapon”.

The United States secretary of state has said the deal reached on Sunday over Iran's nuclear program will make Israel and the Middle East a safer place. John Kerry was speaking after Iran agreed to curb some of its nuclear activities in return for about 7bn dollars in sanctions relief. However, Israel has described the agreement as a “historic mistake”.


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