Real Estate
Real EstateReal estate operations in Punta del Este reached 2.25 billion USD in 12 months
Real estate operations in Uruguay’s hottest resort and leisure farms’ area totalled 2.55 billion US dollars in the twelve months to April 2011, equivalent to daily deals involving 7 million USD.
Spain’s Mr Zara is buying one acre site in London’s West End for £ 220m
Spain’s Amancio Ortega, the co-founder and former chairman of retail giant Inditex, is splashing out on a 1 acre “island site” on London’s Oxford Street for around £220m according to Property Week.
Ukraine’s richest man pays highest price for London residence: £ 136.4 million
Ukraine’s richest man, Rinat Akhmetov, has paid the highest price for a UK residence, buying an apartment in the One Hyde Park development in Knightsbridge. Land Registry documents show that two properties on the seventh and eighth floor of the luxury development have been bought by a single buyer, the total consideration amounting to £136.4m.
Brazilian president promises land reform and distribution for family settlers
Brazilian president Dilma Rousseff claimed that land reform was needed to eradicate poverty, avoid overcrowding in urban areas and as a matter of justice for the long delayed distribution of land.“
Argentina leading steelmaker clashes with government over company control
A planned dividend payment by Argentine steelmaker Siderar was blocked by a judge on Thursday in the latest twist in a row linked to President Cristina Fernandez de Kirchner government's efforts to tighten control over leading companies.
Montevideo apartment prices surged 22% over the year, says Global Property Guide
With Uruguay’s economy growing at 8.5% in 2010 and managing to skip the 2009 slowdown with a 2.86% expansion, the housing market in the capital Montevideo is going through an excellent moment according to Global Property Guide based on info from local appraisers.
Price of farmland in Uruguay increased on average 13% during 2010
The average price for a hectare of farmland in Uruguay during 2010 increased 13% and reached 2.650 US dollars. The average farmland hectare in 2009 was 2.239 USD.
Gary Garrabrant of Equity International to attend Brazil's largest real estate event
Gary Garrabrant, CEO and co-founder (with Sam Zell) of Equity International, has confirmed his presence at ADIT Invest, Brazil's biggest event in the field of real estate and tourism investment, to be held in Fortaleza from 10 – 12 May.
Russian billionaire pays 100 million USD for mansion in San Francisco
Russian billionaire has paid 100 million US dollars for a mansion in the United States, one of the most expensive single-family homes sold in the country.
Uruguay’s farmland price jumped eight times from 2002 to 2010
The number of farmland transactions and the price per hectare were up in Uruguay during 2010 according to a release from Uruguay’s Agriculture and Livestock Ministry Statistics Department, DIEA.
