Real Estate

Real Estate
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.

Wednesday, March 27th 2013 - 21:07 UTC

Land values in northern Australia have fallen 20/25%; valuations in line with productivity

Greatest threat to northern pastoral productivity is the drying up of finance

Land values in northern Australia have fallen 20-25% since the global financial crisis of 2008, and will continue to fall until valuations are in line with productivity. Meanwhile, says Ross Copland, the Alice Springs-based director of Integrated Valuation Services, the curtailing of live export sales that began in 2011 has flipped perceptions of Territory pastoral productivity.

Tuesday, February 19th 2013 - 05:24 UTC

Buenos Aires City property sales plummet 27% in 2012 because of the dollar clamp

Argentines trust the US dollar to make business particularly in real estate

Property sales in the City of Buenos Aires plummeted 27% during 2012 according to a release from the Notaries College of the Argentine capital. The release shows 46.627 deeds were signed in 2012, which represents a significant 27% shrinkage in comparison to 2011 while the figure in Pesos dropped 21.2%.

Friday, February 15th 2013 - 23:13 UTC

Financial Times: Argentina-Uruguay: too close for comfort?

The three ‘b’ according to the FT, beaches, banks and business

By Jude Webber - On Thursday 14 February the prestigious Financial Times published a piece pointing out the influence of Argentina on Uruguay and its economy. The article is simple and straight and is valid because of the Financial Times unquestionable opinion building capacity, and thus merits reproduction.

Friday, February 1st 2013 - 07:09 UTC

Big boost for foreigners who invest in Brazilian real estate

The construction industry to satisfy a growing middle class and to prop the economy

Brazil on Thursday exempted foreign investors from paying a financial transaction tax on purchases of real estate investment trusts traded on the country's stock exchange. Since early last year the government of President Dilma Rousseff has aimed to develop funding alternatives for local builders, many of which are overly dependent on loans from state development bank BNDES, the main source of long-term corporate financing in Brazil.

Thursday, December 6th 2012 - 07:36 UTC

Spectacular Brasilia becomes the legacy of master architect Niemeyer

The great artist passed away at the age of 104. Until he fell sick a month ago he was working on a new project

Oscar Niemeyer, a towering patriarch of modern architecture who shaped the look of modern Brazil and whose inventive, curved designs left their mark on cities worldwide, died late Wednesday. He was 104.

Tuesday, November 6th 2012 - 20:41 UTC

Real estate activity drops dramatically in Argentina because of ‘dollar-clamp’

Armando Pepe: jobs losses in real estate agents and the construction industry could reach 250.000 in 2013

Argentina’s real estate sector is already feeling the negative consequences of the ‘dollar-clamp’ implemented by the government of President Cristina Fernandez a year ago, and in 2013 the effect could have an even greater impact for the construction industry.

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