Real Estate

Real Estate
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.

Thursday, August 13th 2009 - 08:29 UTC

A second bubble? US homeowners face mortgage debts higher than house value

According to a Deutsche bank report 41% of prime conforming loans will be “underwater” by the first quarter of 2011.

The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.

Tuesday, August 11th 2009 - 06:52 UTC

The Hospitality Industry Drives Mixed-Use Development in the Emerging Markets of Central America

This article explains trends in hotel development models and patterns throughout Central America, as well as identifies the countries within the region offering the greatest potential for hotel development.

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