Real Estate

Real Estate
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.

Saturday, August 11th 2012 - 11:26 UTC

“Two tough years” ahead for Uruguayan construction and real estate

Economist Caumont anticipates a strong devaluation of the Argentine currency

The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.

Wednesday, August 1st 2012 - 11:48 UTC

Argentine construction activity slows down for third month running

Landscape of cranes in the city of Buenos Aires

Argentine construction activity in Argentina during June dropped for the third consecutive month compared to a year ago. The drop was 1.5% according to the Construction Activity Synthetic Index (ISAC) from the country’s stats office, Indec.

Thursday, July 19th 2012 - 18:50 UTC

China property prices rise slightly in June as Beijing tries to boost growth

New apartments in Beijing and Shanghai, but who can afford them

Property prices in 70 Chinese cities rose slightly in June, compared to May, after eight months of decline. Home prices rose 0.3% in Beijing and 0.2% in Shanghai compared to the previous month, official data showed.

Saturday, July 7th 2012 - 01:02 UTC

Europe’s tallest skyscraper the Shard opens in London with 26 floors of vacant office space

The Shard's developers are the deep-pocketed royal family of Qatar

Europe's tallest skyscraper the Shard was inaugurated in London in a dazzling sound and light show befitting its status as the capital's brashest and most controversial building.

Saturday, July 7th 2012 - 00:35 UTC

Argentine central bank announces “pesification” of real estate operations

Mercedes Marcó del Pont explained the new priorities for US dollars from exports

Following the official new curbs on US dollar purchasing for savers, the head of the Argentine Central Bank Mercedes Marcó del Pont came on stage to defend the measure and anticipate that operations in the real estate market will have to be done in Argentine Pesos.

Wednesday, June 13th 2012 - 08:21 UTC

Argentine dollar restrictions intensify malaise in real estate and the wider economy

An additional problem for the real estate market is the underdeveloped mortgage market

On June 7 the Argentine government presented a bill to require debt and new contracts are denominated in pesos, while the government is mulling the de-dollarisation of real estate contracts. This would make real estate purchases even more difficult than they currently are in a country with ever-tightening capital controls.

Saturday, June 2nd 2012 - 03:50 UTC

Argentine construction slides and could worsen because of US dollar restrictions

The US dollar the main currency in the real estate industry

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.

Friday, May 25th 2012 - 21:40 UTC

Almost 19 million urban Brazilians live with no access to drinking water of sewage

The report does not include the millions living in the favelas

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.


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