Real Estate

Real Estate
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.

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.


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