Real Estate

Real Estate
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”.

Wednesday, November 13th 2013 - 00:16 UTC

Uruguay sends bill to parliament banning ownership of land by foreign companies or governments

The price of land in Uruguay has increased nine-fold in the last twelve years and the country fears the advance of sovereign funds

The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it “aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.”

Tuesday, November 5th 2013 - 13:40 UTC

”This woman (Cristina Fernandez) is a scoundrel, hates Uruguay and will try to harm us the most”

Protasi, former central bank president was particularly critical of the Argentine president and her administration

A Uruguay former central bank president and now head of an investment fund described Argentine president Cristina Fernandez as a 'scoundrel' that will do her utmost to harm Uruguay because 'they hate us'. Juan Carlos Protasi made the statements during a morning conference to analyze the current Argentine economic situation and its regional implications.

Saturday, October 26th 2013 - 00:39 UTC

Cartes pledges motivation and support for those who help create wealth and jobs

The president underlined the opportunities which the fastest growing economy in Latam has to offer.

President Horacio Cartes said on Friday he wanted “a reliable and serious Paraguay, full of self esteem” taking advantage of the good economic times and pledged motivation and support for all those who help generate wealth and jobs for the country. However he also admitted that Paraguay has serious failings, “but problems are challenges and opportunities”.

Monday, September 2nd 2013 - 20:02 UTC

Uruguay no longer a magnet for Argentine funds looking for real estate investments

Fears that prices might start falling in Punta del Este

Uruguay has ceased to be the magnet for Argentine funds looking for safe places to save and real estate investments since the Argentine revenue service AFIP, following on the neighbouring countries tax-data exchange agreement, could have access to that information, according to Uruguayan private financial and investment advisors.

Friday, August 30th 2013 - 01:39 UTC

Falklands’ changes brought by oil development must be done ‘with sensitivity and sensibility’

MLA Summers: the same community of 3.000 and one small town, but with a lot more money: “I’m afraid it won’t be like that”

Falkland Islands lawmaker Mike Summers cautioned at the latest meeting of the Legislative Assembly that a period of extensive change was inevitable for the Islands since the advent of the hydrocarbons industry would change the size of things and to some extent the nature of the community.

Thursday, August 22nd 2013 - 00:35 UTC

Rio do Janeiro mayor questions Brasilia’s 2016 Olympic Games policy

”Rio will have to look after the legacy of Olympics infrastructure”, said Mayor Paes

The mayor of Rio de Janeiro has said it is a shame his city will be hosting the Olympic Games in 2016 because Brazil lacks a sports policy. Eduardo Paes said that his city should not pay for high performance athletes.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement