Uruguayan farmland selling prices down 20 to 30%

Friday, July 10th 2009 - 12:48 UTC

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The cost of farmland in Uruguay has dropped between 20% and 30% in the first half of 2009 and the number of operations has fallen drastically, 70% according to local camp brokers. Read full article

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uruguayguy
the most “telling” comments were the ones that outlined the falling transactions and the spread between the bid and the ask on properties. In most cases, those tranactions that “have” to happen, happen..at the price the bidders are willing to pay. so, i would anticipate future price weakness.
http://www.urguayguy.com
Jul 12th, 2009 - 02:33 pm - Link - Report abuse 0
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