Real Estate

Real Estate
Saturday, February 18th 2012 - 06:22 UTC

Russian billionaire buys New York penthouse apartment for 88 million dollars

Dmitry Rybolovlev made a fortune in potash fertilizer.

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.

Monday, January 23rd 2012 - 04:21 UTC

Uruguay’s main residential seaside resort under siege by real estate speculators

Jose Ignacio has been recommended for its special village flavour by leading US tourism and real estate publications

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.

Tuesday, January 10th 2012 - 06:00 UTC

Campden Hill Square, UK’s most desirable road with average house price £ 4.9m

The square near Kensington Palace has topped a survey of house prices<br />

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.

Sunday, January 8th 2012 - 05:14 UTC

Spain opens tax evasion “hunting season” and targets 8 billion Euros

Vice-president Soraya Saenz de Santamaría, ‘this is the beginning’<br />

Spain’s new Conservative Government announced this week a wide ranging plan against fiscal fraud and tax evasion by which it hopes to recoup over 8 billion Euros for treasury coffers in 2012 alone. And it has also announced it will be engaging countries which have ceased to be tax-havens in order to step up the Government’s efforts against tax evasion in Spain.

Tuesday, December 27th 2011 - 13:52 UTC

Cuba advances with capitalist reforms to install efficient market economy

Raul Castro undoing the preaching of decades

Cuba will open up more of the country's retail services to the private sector next year, allowing Cubans to operate various services such as appliance and watch repair, and locksmith and carpentry shops, official media reported on Monday.

Tuesday, November 22nd 2011 - 03:58 UTC

Chile’s market for luxury homes booming and immune to the global crisis

Buyers are willing to pay as much as six million dollars, according to real estate agents

The market for luxury housing in Chile seems to be immune to the global crisis since there are families willing to disburse up to six million dollars to purchase the house or condo of their dream according to a report in Santiago’s El Mercurio.

Thursday, November 10th 2011 - 06:17 UTC

Uruguay best place to live in Latin America, says Legatum Institute

The capital Montevideo next to the sea and with plenty of green spaces

Uruguay is the best place to live in Latin America according to the Legatum Institute fourth year index on quality of life conditions which ranks 110 countries world wide representing 90% of world population and 97% of the global economy.

Friday, November 4th 2011 - 00:40 UTC

After fifty years Cubans can buy and sell houses

Another of President Raul Castro timid reforms should help the dilapidated housing sector

Cubans will be able to buy and sell houses for the first time in more than five decades in a long-awaited reform that legalizes what many have done for years but also restricts how much property they can own, state-run press said on Thursday.

Tuesday, October 25th 2011 - 04:00 UTC

US to rescue borrowers whose loans are worth more than their homes

An estimated 11 million “underwater borrowers” pay on time but are locked into loans

The US housing market regulator has agreed to extend a refinancing scheme for borrowers whose loans are worth more than their homes.

Wednesday, October 12th 2011 - 05:54 UTC

Mapuche Indians mourn the day Columbus set foot in the Americas

Indigenous minorities marched in Santiago to protest 12 October 1492

More than then thousand people marched in the Chilean capital Santiago in support of the indigenous Mapuche people. The protest marked the 519th anniversary of Christopher Columbus's arrival in the Americas, the start of the Spanish conquest.

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