Real Estate

Real Estate
Wednesday, October 20th 2010 - 01:04 UTC

In a surprise move China raises interest rate for the first time since 2007

A property bubble in cities and inflation seems to be the target

China has raised interest rates for the first time since 2007, as it tries to rein in inflation and dampen its red-hot real estate market. The People's Bank of China said it will raise its one-year lending rate to 5.6% from 5.31% and its one-year deposit rate to 2.5% from 2.25%.

Friday, September 10th 2010 - 04:29 UTC

World Bank calls on governments to protect local land rights from large-scale acquisitions

Economist Klaus Deininger at the Development Research Group

As rising food and fuel prices create incentives for large-scale land acquisitions around the world, it is more important than ever for governments and the international community to protect local land rights, according to a new World Bank study released this week.

Tuesday, August 31st 2010 - 03:12 UTC

Uruguayan soaring real estate values closely linked to depreciation of US dollar

”There does not seem to be significant signals of misalignment in the selling value of houses and flats”.<br />

Fears that Uruguay could be heading for a “real estate bubble” since prices in US dollars have increased more than 70% in the last five years, seem to have been neutralized by historic data and the strong appreciation of the Uruguayan currency.

Monday, August 23rd 2010 - 04:52 UTC

Punta del Este real estate sales reached 1.5 billion USD in 18 months

A post card of the most famous sea resort on the South Atlantic

Sales of real estate in Uruguay’s internationally renowned resort Punta del Este and its area of influence reached almost 1.5 billion US dollars between January first 2009 and the first half of 2010, according to the Tourist Office from the County of Maldonado.

Saturday, August 14th 2010 - 07:50 UTC

Mexican billionaire buys 44 million USD townhome in New York

Just across from the Met, the style is French neo-classic

Mexican billionaire Carlos Slim real estate firm paid 44 million US dollars for a town-home on Manhattan’s Fifth Avenue, adding to his property holdings in New York.

Wednesday, June 16th 2010 - 04:46 UTC

Chile’s most expensive properties cost around 3.700 USD per square meter

Territoria 3000 tops the list of expensive real estate in Chile.

The most expensive residential buildings per square meter in Chile are located in the Metropolitan Region’s boroughs of Las Condes and Vitacura. In these areas, properties prices are double that of other boroughs such as Ñuñoa and downtown Santiago.

Wednesday, June 2nd 2010 - 03:36 UTC

China’s manufacturing expansion slows prompting world markets’ reaction

Property sales in China’s main cities are slowing down

China’s manufacturing expanded at a slower pace than estimated in May, prompting stock declines across Asia. The Purchasing Managers’ Index fell to 53.9 from 55.7 in April, the Federation of Logistics and Purchasing said in an e-mailed statement on Tuesday.

Wednesday, May 12th 2010 - 18:42 UTC

Construction Activity Picks up in Chile for the First Time Since December 2008

The earthquake has created demand for the construction industry

Construction activity increased for the first time since December 2008, according to the Monthly Construction Activity Index (Imacon) released by the Chilean Chamber of Construction this week. The Index shows an increase of 1.4% from March 2009 to March 2010, reflecting a rise in employment and demand.

Wednesday, May 5th 2010 - 23:30 UTC

Cuba Boosts Tourism Industry and Plans to Develop “Virgin Regions”

Cuban emigrants have become the main source of tourists for the island said Minister Manuel Marrero

Cuba received a record one million tourists in the first four months and announced a policy of “real estate development” associated with boosting marinas, golf courses and other tourist investments, mainly in “virgin regions”.

Tuesday, April 6th 2010 - 01:02 UTC

Buenos Aires City surrounded by two million Argentines living in shanty towns

Villa 31, in the heart of the City of Buenos Aires

Over two million people live in a thousand shanty towns in the surroundings of Argentina’s capital Buenos Aires in conditions of extreme marginality and precariousness, according to official data released by the weekend press.

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