Real Estate

Real Estate
Tuesday, January 26th 2010 - 13:40 UTC

Buenos Aires real estate market recovering from worst year in a decade

Sales rebounded last December for the first time since the end of 2008

The metropolitan Buenos Aires real estate market closed 2009 as the worst in the last ten years with the number of registered sales below the 2001 level. The good news however is that for the first time since the last quarter of 2008, December registered the first year-on-year advance.

Friday, January 15th 2010 - 09:33 UTC

China acts to prevent real estate bubble from developing

New house prices in Chine increased 9.1% in the last twelve months

Chinese property prices rose at their fastest annual rate in 18 months in December according to official figures referred to the country’s 70 large and medium-sized cities. Real estate prices rose by 7.8% from a year ago - up from the 5.7% annual rise seen in November and renewing fears that an asset bubble is developing.

Tuesday, October 27th 2009 - 07:56 UTC

Housing sales up 13% in Greater Santiago area

Improved economic prospects in Chile have stimulated the market

House and apartment sales in the Santiago Metropolitan Region have increased by 13.1% compared to 2008, the Chilean Chamber of Construction announced last week.

Tuesday, October 27th 2009 - 07:34 UTC

Uruguay tops the 2009 Legatum Prosperity Index in South America

Chile and Argentina are the other two regional countries best ranked in the 104 list by the London based institute.

Uruguay tops the 2009 Legatum Prosperity Index in South America and is only second to Costa Rica in Latinamerica and ahead of Chile and Argentina. However Latinamerica’s best placed countries in the index which defines prosperity as wealth and wellbeing are in the thirties out of a total list of 104.

Friday, October 16th 2009 - 09:13 UTC

Hong Kong apartment establishes new record price: 57 million USD

The 557 square metres flat is on the 68th floor and overlooks the harbour

A wealthy Chinese buyer has snapped up a luxury Hong Kong apartment for 57 million US dollars, thought to be a record price. The five-bedroom home is believed to be Asia's most expensive property - with each sq foot costing 9,200 USD.

Thursday, October 8th 2009 - 07:29 UTC

Investors from Brazil, Argentina, Basque province and China flock to Uruguay

A view of Montevideo’s landscape with its many real estate opportunities

Investors from Argentina, Brazil, Spain’s Basque province and China are looking for opportunities in Uruguayan assets given the excellent political stability record of the country and proven reliability of its Judicial branch.

Wednesday, September 16th 2009 - 20:34 UTC

Uruguay farm-land sales down but prices pick up again

Farm land sales in Uruguay during the first half of 2009 dropped, but the average price for the hectare actually increased 25% compared to the same period a year ago, according to the latest release from the Ministry of Agriculture Statistics Office (DIEA).

Wednesday, August 26th 2009 - 08:48 UTC

US couple picks Uruguay for their property investment

US-based entrepreneur Steve Bowman and his wife, Chris, looked in Panama and researched other tropical locales before they bought property in Piriápolis, Uruguay’s old resort town, 18 months ago. Their reasons for choosing Uruguay included the country’s stability and relatively unspoiled coastline, as well as the friendly people.

Thursday, August 20th 2009 - 15:57 UTC

Buenos Aires and Santiago among cheapest cities in the world

Only Venezuela’s capital Caracas figures among the 12 most expensive.

Oslo, Zurich, Copenhagen, Geneva, Tokyo and New York are considered the world's most expensive cities based on a standardized basket of 122 goods and services from the UBS “Prices and Earnings” survey.

Wednesday, August 19th 2009 - 12:46 UTC

Clear and reliable rules of the game, Uruguay’s main asset

Uruguay remains as a most attractive country for Argentine investors because of its business opportunities, logical taxing system and absence of export levies plus its geographical closeness, according to Luis Bonetto Argentine investment advisor and expert in agriculture.

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