Real Estate

Real Estate
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.

Thursday, June 2nd 2011 - 04:25 UTC

Blatter re-elected unopposed; proposes deep reforms for FIFA to fight corruption

A relieved Blatter thanks the 186 votes and no recrimination with the English

Sepp Blatter was re-elected on Wednesday unopposed for a fourth term as FIFA president, shrugging off the scandals that have hit world soccer's governing body to secure another four years in charge.

Monday, May 30th 2011 - 05:33 UTC

Miami Herald sells HQ in downtown to a hotels and cruise line group

The Malaysian group owns 50% of Norwegian Cruise Lines

The publishing company of the Miami Herald, McClatchy Co. (MNI) sold a 14-acre parcel of Miami prime land for 236 million US dollars to Genting Malaysia, a sale begun six years ago by then- independent Knight Ridder Inc.

Friday, May 27th 2011 - 12:38 UTC

Impact investment fund targeting low-cost housing in Brazil launches in London

David Palumbo, Director of Origen Private Equity Ltd.

Origen Private Equity Ltd., a boutique investment firm headquartered in London, is launching in June what is set to be the first impact investment fund developing low-cost housing in north-east Brazil in conjunction with the Brazilian government's Minha Casa Minha Vida programme.

Friday, May 27th 2011 - 08:48 UTC

Real estate operations in Punta del Este reached 2.25 billion USD in 12 months

The Atlantic resort ever more attractive for investors and Mercosur tourists

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.


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