Last 21 June it was announced that the Falkland Islands Government (FIG) would be acquiring Stanley Growers Limited and Stanley Nurseries and Garden Centre and the land which both businesses occupy, with the intention of managing the business for a time before selling it.
Following on Thursday interest rate hike by the Bank of England, BBC is reporting that banks and building societies are to meet Chancellor Jeremy Hunt to discuss the upheaval in the mortgage market.
The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments.
The Torcuato Di Tella University together with Zonaprop, a real estate website, prepared a real estate report in which they made a ranking of the most expensive cities to live in Latin America, in which Montevideo appears as the most expensive of all.
According to a survey published by Buenos Aires' daily Ámbito, 90% of Buenos Aires' areas recorded a drop in the sale price of real estate property in September of 2022 when compared to the previous month.
Uruguayan President Luis Lacalle Pou attended the opening this weekend of the luxurious Trump Tower in the exclusive beach resort of Punta del Este in the Department (province) of Maldonado. The project began ten years ago.
United States Ambassador to Buenos Aires Marc Stanley was welcomed Friday at Casa Rosada by Strategic Affairs Secretary Mercedes Marcó del Pont to discuss matters of bilateral interest.
China is again facing a challenging real estate situation, with homeowners in different provinces refusing to pay mortgages on their undelivered, unfinished flats. This is happening only two months ahead of the Chinese communist party congress when comrade Xi Jinping is expected to confirm a third five-year term, following on the constitutional change of 2018 that scrapped presidential term limits.
China wants to inject more dynamism to the housing market and the Central bank plus the insurance regulator announced on Sunday a significant interest rate cut for first home buyers. This follows on almost two years of rampant speculation among giant real estate companies that almost led to a collapse of the market.
For some years now, luxury vacationers are increasingly enjoying Eastern Uruguay's coastline. Beach towns such as José Ignacio, Manantiales or Miamesque Punta del Este are hosts to thousands of tourists that are giving an air of increasing exclusivity to these places.