Real Estate

Real Estate
Tuesday, August 30th 2011 - 03:53 UTC

Uruguay plan to regularize 676 shanty towns (200.000 people), most in Montevideo

Housing and Environment minister Graciela Muslera<br />
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Uruguay announced it will invest 150 million dollars for the eradication of shanty towns, 90% of which are located in Montevideo, half of them in contaminated and flood-prone areas.

Wednesday, August 17th 2011 - 07:36 UTC

Sao Paulo, Rio, Caracas and Bogotá most expensive cities in South America

The UBS ranking lists Buenos Aires 68 out of 73 cities world wide

The Brazilian cities of Sao Paulo (19) and Rio do Janeiro (26), together with the Venezuelan capital Caracas (47) and Bogotá (57) Colombia, figure among the most expensive cities in Latin America, according to a bi-annual rating from the Swiss bank, UBS.

Thursday, July 7th 2011 - 17:26 UTC

Falklands’ capital Stanley expands: 34 new housing plots for residents

The growing population of Stanley needs more housing

The Falkland Islands Government has announced support for a new phase of work, which should help to alleviate the housing shortage in Stanley. Lack of home ownership, especially for those on lower incomes has been a problem in the capital for many years.

Thursday, July 7th 2011 - 09:54 UTC

Trump opens 70-story luxury hotel in Panama, the tallest building in Latin America

“There’s a strong interest in the brand Trump” in Latin America

Untied States billionaire Donald Trump marked his entry into Latin American real estate Wednesday with the opening in the capital of Panama of his 70-story luxury resort, the tallest building in Latin America.

Monday, July 4th 2011 - 05:08 UTC

Narrowest house in New York, (2.4 meters) on sale for 4.3 million USD

Built in the 1800, the house has a beautiful back garden

New York City's narrowest house, 75 ½ Bedford Street, Manhattan, is back on the market after selling in early 2010 for 2.175 million US dollars at the dramatically increased price of 4.3 million.

Friday, July 1st 2011 - 06:29 UTC

Australian MPs plant to limit purchase of prime farmland by foreigners

The initiative could clash with China, Australia’s leading trade and investment partner

Australian lawmakers are demanding a review of foreign investment rules to stop foreign mining companies, including those from China, buying up prime farmland.

Tuesday, June 28th 2011 - 18:08 UTC

Brazilian boom full of ambition and consumers, but also has a downside

Eike Batista, Brazil's richest man and the 8th richest in the world

House prices in some parts of Rio are up nearly 80% in the past year,” says Ronaldo Coelho Netto, an estate agent in Rio de Janeiro, looking up at a new development near the city centre.

Tuesday, June 21st 2011 - 03:46 UTC

A million acres estancia in north-west Argentina on sale

Estancia Punta del Agua is located in a rich agriculture area

Estancia Punta del Agua, probably the largest ever block of freehold land to come onto the market in north Argentina is being sold by London based agent Savills. The estate in San Juan province in the north west of the country is currently owned by a family company and is described as having enormous potential for agricultural or eco power possibilities.

Friday, June 17th 2011 - 06:03 UTC

US current account deficit up 6.3% spurred by imports of more expensive oil

The US housing market remains flat influencing jobs negatively

The US current account deficit rose 6.3% to $119.3bn in the first three months of the year, the Commerce Department has said. Strong exports of cars, computers and machinery were offset by imports, particularly of more expensive oil.

Thursday, June 9th 2011 - 08:56 UTC

Uruguayan government divided over implementation of a new tax on farmland

President Mujica and Vice-president Astori will try and reconcile positions

The Uruguayan government is trying to decide how to implement a controversial new tax on land holdings involving approximately 60 million dollars per annum and which has exposed deep differences in the ruling coalition, is rejected by farmers and feared by investors.

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