Real Estate

Friday, December 17th 2021 - 09:55 UTC
Real estate booms in Uruguay with Argentine buyers

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.
Wednesday, November 24th 2021 - 09:08 UTC
Falkland Islands Company awarded the joint venture housing contract

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.
Friday, November 19th 2021 - 09:02 UTC
Construction boom: FIH wins contract to build 70 houses in the Falklands

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”.
Thursday, September 23rd 2021 - 09:29 UTC
Relief in world markets, China's mega Evergrande will pay some of its debts

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.
Tuesday, September 21st 2021 - 08:55 UTC
World markets sink on fears of a Chinese version of “Lehman Brothers 2008 bankruptcy”

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.
Tuesday, September 21st 2021 - 08:50 UTC
Chinese giant Evergrande's debt spreads fears among world markets

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.
Thursday, September 16th 2021 - 09:25 UTC
IDB President sees a plethora of opportunities ahead in Uruguay

“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.
Wednesday, September 1st 2021 - 09:59 UTC
Uruguayan Mayor expectant on return of Argentine tourists

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.
Tuesday, July 13th 2021 - 08:30 UTC
Iconic Mar del Plata hotel closes down due to covid-19 travel restrictions within Argentina

The iconic Torres de Manantiales hotel in the traditional Argentine beach resort of Mar del Plata is closing down due to a steady lack of guests resulting from sanitary restrictions which have corseted people's freedom of movement.
Tuesday, June 29th 2021 - 09:00 UTC
History of corruption and bribes behind doomed Florida building reported

The developers of the building which collapsed last week in Southern Florida were under investigation for allegedly bribing local officials to get the permit to build the condominium which has left around 10 people confirmed dead plus some 150 others yet unaccounted for.