Real Estate
Real EstateArgentine construction slides and could worsen because of US dollar restrictions
Argentina's construction activity experienced a notable slowdown in April, the latest indicator pointing to a cooling of economic growth. Looking ahead prospects are not encouraging given the strict restrictions on US dollars, which is the main currency for real estate operations in Argentina.
Almost 19 million urban Brazilians live with no access to drinking water of sewage
Almost 19 million Brazilians live in precarious housing with no running water, sewage or any basic public services, according to a report on urban infrastructure by the Brazilian Geography and Statistics Institute, IBGE.
Bargains forecasts in Uruguay as Argentine investors withdraw funds following new bank rules
By Dean Steinbeck (*) As much as it defies common sense, Uruguay entered into a tax sharing agreement that will scare off Argentine investors; the same group of people who are Uruguay’s biggest source of capital, investment, and innovation.
“Land grabbing” and the concentration process in Mercosur members
The processes of concentration, foreign ownership and land degradation came to be a central concern of supranational bodies and NGOs that warn, like the United Nations Organizations for Food and Agriculture Organization (FAO), of the “negative effects of these phenomena on food security, agricultural employment and the development of family farming.”
London property boom: Asians bought 51% of new luxury homes
Investors from China and Southeast Asia bought one in every two new homes in central London last year as the number of wealthy individuals in the region swells, Jones Lang LaSalle Inc., said.
Astori tells Spanish businesses “Uruguay, an attractive and safe” country for investors
Vice president Danilo Astori currently on a business trip to Spain described Uruguay as an “attractive and safe” country to invest given its macroeconomic solidness, strength of its institutions and stimuli for investors, both domestic and from overseas.
Truman Capote home in Brooklyn Heights sells for 12.5 million dollars
The Brooklyn Heights mansion in New York belonging to writer Truman Capote was sold in 12.5 million dollars to the creator of the successful “Grand Theft Auto” videogame, according to the New York Observer.
Russian billionaire buys New York penthouse apartment for 88 million dollars
The family of a Russian billionaire has bought a New York City penthouse apartment for 88 million dollars. The Wall Street Journal says the property at 15 Central Park West in Manhattan is now the most expensive apartment in New York.
Uruguay’s main residential seaside resort under siege by real estate speculators
The leading residential seaside resort in Uruguay which has made the reviews of some of the most significant world magazines because of its village spirit, excellent beaches and easy going environment but also with some of the best restaurants and art galleries in the country is threatened by speculators.
Campden Hill Square, UK’s most desirable road with average house price £ 4.9m
Campden Hill Square in Holland Park, West London, has become Britain's most desirable road with an average house price of £4.9m. The square near Kensington Palace has topped a survey of house prices across the country by Lloyds TSB.
