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.
As soon as Uruguay reopened its borders to Argentines owning property in the country, real estate purchases have tripled only in the months of October and November, it was reported.
Following the request for tenders from local and international companies, the Falkland Islands Government (FIG) and the Ministry of Defence (MoD) confirmed that on Wednesday 17 November 2021 the Falkland Islands Company (FIC) successfully signed a joint venture housing contract.
FIH group plc the AIM quoted international specialist services group with businesses in the Falkland Islands and the UK, has announced an important new contract secured by its Falkland Islands business “FIC”.
China's largest real estate group, Evergrande and on the brink of bankruptcy announced on Wednesday an agreement with a creditor to avoid the nonpayment of a bond that matured this Thursday. In a release to the Shenzhen stock exchange, its affiliate announced it had reached a plan to pay the bond's interests, (not capital) and of which markets feared the worst.
Asian stocks sank on Monday amid fears of a potential collapse of the beleaguered Chinese real estate company Evergrande could lead to a wave of defaults in China's bloated housing market that could extend from the second-largest economy to the rest of the world. The company must pay this week interests on loans and bonds and experts fear it will not be able to honour creditors.
As the Chinese Evergrande Group falls into debt some regards as an encore of the Lehman Brothers crisis of 2008, markets around the globe have begun to brace for the worst despite little signs of encouragement in the opposing sense.
“Uruguay could be a Silicon Valley of the south”, said Inter-American Development Bank (IDB) President Mauricio Claver-Carone Wednesday after meeting in Montevideo with President Luis Lacalle Pou.
Enrique Antía, Mayor of the Uruguayan department of Maldonado where the elite Punta del Este beach resort is located Tuesday warned of actions by the Buenos Aires Government of President Alberto Fernández to persuade vacationers against travelling abroad next Summer.