Real Estate

Real Estate
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.

Wednesday, October 12th 2011 - 05:51 UTC

Sharp economic predictor selling his firm because it looses money

Nouriel Roubini forecasts a contraction for the US, EU and UK economies

Roubini Global Economics, the global investment research firm co-founded by doom and gloom economist Nouriel Roubini, is reportedly for sale, according to a report from CNBC.

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.

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