Real Estate

Real Estate
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.

Monday, November 5th 2012 - 12:46 UTC

World’s most expensive palatial house in London on the market for 100 million pounds

Once the official residence of the New Zealand High Commissioner, the asking price works out at 4.651 pounds per sq/ft

The world's most expensive four-storey palatial house, in London's plush neighborhood has gone on the market at a staggering 100 million pounds. One Cornwall Terrace is a Grade 1 listed mansion overlooking Regent's Park in London.

Thursday, November 1st 2012 - 23:28 UTC

Argentina tightens ‘dollar-clamp’: end to mortgage loans in US currency

The booming real estate and construction industries have suffered a severe blow

Argentina tightened the ‘dollar clamp’ a further notch by including mortgage credits, which means people wanting to become home owners will not have access to the US currency.

Wednesday, September 19th 2012 - 06:05 UTC

Argentine economy to expand 1% this year, according to private estimates

The dollar clamp has virtually frozen the real estate and housing markets

The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”.

Monday, September 17th 2012 - 02:47 UTC

Experts close to President Rousseff warn of a “real estate bubble” in Brazil

Rio do Janeiro where the value of housing on average has soared 165% in four years

A team of experts working for the administration of President Dilma Rousseff has warned of the existence of a “real estate burble” in Brazil with the value of houses soaring 165% in Rio do Janeiro and 132% in Sao Paulo in the last four years.

Wednesday, September 5th 2012 - 06:13 UTC

Real estate sales in Buenos Aires City lose steam for eighth month running

The number of operations in the capital dropped 17.6% in seven months over a year ago

Real estate sales in Buenos Aires City dropped for the eighth month running in July and 27.6% over a year ago because of the US dollar clamp according to the monthly evolution index of sales documents from the Notaries College of the Argentine capital.

Tuesday, August 28th 2012 - 04:29 UTC

Buenos Aires Aires real estate market faces the challenge of slowdown and ‘pesification’

Thousands of construction workers have lost their jobs

The Argentine real estate market has witnessed stunning growth over the last decade but growth of the sector appears to have come to an abrupt and dramatic end in the seven months of this year.

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