Real Estate

Real Estate
Wednesday, November 17th 2010 - 06:48 UTC

China imposes restrictions to foreigners in the real estate market

One flat is enough if you have worked in China the previous 12 months

China's Ministry of Housing and Urban Rural Development announced this week that purchases of housing by overseas organizations and individuals in the country would be capped or restricted, a move widely seen as combating speculative money from overseas that might flow into the property market.

Tuesday, November 16th 2010 - 04:44 UTC

New York City pent-house sold at record 10.259 US dollars a square foot

The three bedroom apartment is on the 41st floor of 15 Central Park West

A New York City penthouse at 15 Central Park West sold to a mystery buyer for 40 million US dollars, representing the highest-priced residential real estate in the city at a record of 10,259 US dollars a square foot.

Monday, November 1st 2010 - 05:48 UTC

New rush of foreign investors, mainly Argentines, to purchase land in Uruguay

Over a million hectares are now planted with soybeans

Interest in fixed assets, strong commodities’ prices and growing prospects that global demand for food producing land will continue have generated a new rush of foreign investors to buy land in Uruguay.

Saturday, October 23rd 2010 - 03:34 UTC

Land purchases by foreign investors, an “explosive cocktail” for small farmers

Olivier De Schutter, U.N. Special Rapporteur on the right to food,

Land purchases by foreign investors in poor countries and the growing use of bio-fuels are boosting pressures on agricultural farmland and helping make 500 million small farmers hungry, a U.N. envoy said this week.

Thursday, October 21st 2010 - 08:37 UTC

Prime farmland in Argentina costs almost as much as in United States

Humid Pampa farmland can fetch 14.000 US dollars a hectare

Prices for the best farmland in Argentina’s breadbasket, the humid Pampa have risen on average 10% this year according to registered operations reports. This means the hectare of prime agriculture land in Argentina now costs almost the same as the average price of farmland in the state of Illinois, 14.000 US dollars.

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.

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