Real Estate
Real EstateReal 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.
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.
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%.
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.
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.
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.
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.
World’s most expensive palatial house in London on the market for 100 million pounds
The world's most expensive four-storey palatial house, in London's plush neighborhood has gone on the market at a staggering 100 million pounds. One Cornwall Terrace is a Grade 1 listed mansion overlooking Regent's Park in London.
Argentina tightens ‘dollar-clamp’: end to mortgage loans in US currency
Argentina tightened the ‘dollar clamp’ a further notch by including mortgage credits, which means people wanting to become home owners will not have access to the US currency.
Argentine economy to expand 1% this year, according to private estimates
The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”.
