Real Estate

Real Estate
Wednesday, November 13th 2013 - 00:16 UTC

Uruguay sends bill to parliament banning ownership of land by foreign companies or governments

The price of land in Uruguay has increased nine-fold in the last twelve years and the country fears the advance of sovereign funds

The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it “aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.”

Tuesday, November 5th 2013 - 13:40 UTC

”This woman (Cristina Fernandez) is a scoundrel, hates Uruguay and will try to harm us the most”

Protasi, former central bank president was particularly critical of the Argentine president and her administration

A Uruguay former central bank president and now head of an investment fund described Argentine president Cristina Fernandez as a 'scoundrel' that will do her utmost to harm Uruguay because 'they hate us'. Juan Carlos Protasi made the statements during a morning conference to analyze the current Argentine economic situation and its regional implications.

Saturday, October 26th 2013 - 00:39 UTC

Cartes pledges motivation and support for those who help create wealth and jobs

The president underlined the opportunities which the fastest growing economy in Latam has to offer.

President Horacio Cartes said on Friday he wanted “a reliable and serious Paraguay, full of self esteem” taking advantage of the good economic times and pledged motivation and support for all those who help generate wealth and jobs for the country. However he also admitted that Paraguay has serious failings, “but problems are challenges and opportunities”.

Monday, September 2nd 2013 - 20:02 UTC

Uruguay no longer a magnet for Argentine funds looking for real estate investments

Fears that prices might start falling in Punta del Este

Uruguay has ceased to be the magnet for Argentine funds looking for safe places to save and real estate investments since the Argentine revenue service AFIP, following on the neighbouring countries tax-data exchange agreement, could have access to that information, according to Uruguayan private financial and investment advisors.

Friday, August 30th 2013 - 01:39 UTC

Falklands’ changes brought by oil development must be done ‘with sensitivity and sensibility’

MLA Summers: the same community of 3.000 and one small town, but with a lot more money: “I’m afraid it won’t be like that”

Falkland Islands lawmaker Mike Summers cautioned at the latest meeting of the Legislative Assembly that a period of extensive change was inevitable for the Islands since the advent of the hydrocarbons industry would change the size of things and to some extent the nature of the community.

Thursday, August 22nd 2013 - 00:35 UTC

Rio do Janeiro mayor questions Brasilia’s 2016 Olympic Games policy

”Rio will have to look after the legacy of Olympics infrastructure”, said Mayor Paes

The mayor of Rio de Janeiro has said it is a shame his city will be hosting the Olympic Games in 2016 because Brazil lacks a sports policy. Eduardo Paes said that his city should not pay for high performance athletes.

Wednesday, July 24th 2013 - 20:52 UTC

Foreigners own 6% of rural land in Argentina, equivalent to 15.8 million hectares

Law 26.737 says the cap for foreign owned land is 15%. Most foreigners owners are from the US, Spain and Italy

A total of 5.93% of rural land in Argentina is foreign-owned President Cristina Fernández announced which amounts to 15.8 million hectares. During a speech at Government House, Justice Secretary Julián Alvarez presented a survey that is a prelude to the full implementation of the Law 26,737 on Rural Lands (Ley de Tierras Rurales) passed in 2011 to place a 15% limit on foreign ownership of rural land in Argentina.

Friday, July 5th 2013 - 06:52 UTC

Falklands assesses impact of hundreds of new jobs as it develops the oil and gas industry

The development of the Sea Lion field would create a short/medium term spike in labour demand with 550 extra on-shore jobs in the short term

A more permanent integrated type of immigration for the Falkland Islands is a strong message that has come out of a consultation with Falklands residents, in the preparation for a socio-economic study of oil and gas development in the South Atlantic British Overseas Territory.

Saturday, June 1st 2013 - 17:34 UTC

Argentina dollar markets waiting for implementation of the ‘whitewashing bill’

Lawmaker Feletti: the key objective of the tax amnesty is to foster investment

The US dollar in Argentina’s parallel or ‘blue market’ finished on Friday the month of May down 6.4% from the 9.40 Pesos at the end of April, including a slight drop in the last day of trading, that took it to 8.75 Pesos and 8.80 Pesos, buying and selling price.

Tuesday, April 2nd 2013 - 19:42 UTC

Real estate prices’ increase in Rio and Sao Paulo among the highest in the world

New buildings cover the ‘cement’ horizon of Sao Paulo

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.

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