MercoPress, en Español

Montevideo, December 3rd 2023 - 06:57 UTC

Real Estate

  • Sunday, January 14th 2018 - 12:42 UTC

    The “ship of the millionaires” comes to Punta del Este

    The luxury ship will arrive to Punta del Este within a month

    Imagine having breakfast with an explorer and documentalist who turns out to be Jacques Cousteau's granddaughter. Or listen to a conference aboard the Nobel Prize in Physics Shuji Nakamura. Imagine waking up one day on an exotic island and the other in one of the great capitals of the world. Imagine owning a floating apartment worth between 1.2 and 7.5 million dollars.

  • Friday, October 20th 2017 - 05:18 UTC

    Some thoughts about the 9 November Falklands' general election

     Despite Argentine government assertions to the contrary, long gone are the old colonial days when the Governor could nominate members of council

    By John Fowler - At the time of going to press, so far sixteen brave or foolhardy souls have declared their candidature for the General Election. This is one more than in 2013 and may be the most ever. With an average age of less than fifty years this group is almost certainly the youngest. Gone, it would seem, are the days when only the wealthy, retired, unemployed, or possibly unemployable old were available to stand.

  • Saturday, July 8th 2017 - 10:52 UTC

    Harvard University selling timberland in Uruguay; endowment unloading natural resources assets

    The timberland includes about 20,000 hectares of eucalyptus tree farms. Eucalyptus grown in Uruguay is used to make wood pulp.

    Harvard University is trying to sell timberland located in Uruguay worth about US$120 million, including a eucalyptus forest, as the endowment moves to unload natural resources assets to boost the fund’s performance, according to a report from Bloomberg.

  • Wednesday, May 24th 2017 - 14:47 UTC

    Trump selling his beachfront estate in St Martin Island, US$ 28 million

    Le Château des Palmiers includes a 5-bedroom ocean side villa, a 4-bedroom garden side villa and a two-bedroom manager’s area.

    United States President Donald Trump is selling off his multi-million-dollar 11-bedroom beachfront estate in the French Caribbean island of St Martin. Le Château des Palmiers, located on Plum Bay Beach, Terres Bassesis on the south-western tip of the island, has been listed by Sotheby's International Realty, which does not reveal any asking price on its website. It says the price is available upon request.

  • Wednesday, May 24th 2017 - 07:22 UTC

    US households debt at new record high and manageable, but students loans remain “stubbornly high”

    Total indebtedness is now 14% above the 2013 trough of household deleveraging brought on by the 2007-2009 financial crisis and Great Recession.

    The United States debt level reached a record high this year, surpassing the peak touched just as the worst of the recession was taking hold in 2008, and marking a milestone for households that now lean less on mortgages and more on auto and student loans

  • Wednesday, May 24th 2017 - 07:10 UTC

    Record number of investments from overseas in Scotland during 2016

    The EY Scotland Attractiveness Survey showed Scotland was the second most popular part of the UK to invest in behind London.

    Scotland won a record number of investments from overseas in 2016, although growth was substantially lower than the previous year. There were 122 foreign direct investment deals done over the course of last year, up from 119 in 2015.

  • Monday, December 26th 2016 - 14:33 UTC

    Falklands government secures environmental planning contract with Aedis

    The Falkland Islands' Environmental Planning Department retains expert assistance to ensure all new building work complies with the regulations.

    The Falkland Islands Government have secured the services of Tees Valley based building control firm Aedis. The contract will see Aedis delivering a raft of professional consultancy services based upon their building control expertise. This includes providing a remote plan checking service to help the Falkland Islands Environmental Planning Department ensure all new building work complies with the necessary building regulations.

  • Friday, January 22nd 2016 - 09:46 UTC

    As locals in Punta del Este, “we enjoy a dignified and happy life”

    “We are happy, we can live in Punta del Este, we have a good time, we surf, work and bask in beaches”, argues Punta del Este elected mayor Andrés Jafif

    London's The Guardian in an article credited to Oliver Balch argues that Punta del Este, Uruguay's main international summer resort has become a 'golden ghetto' for the rich where the poor can't afford staples or lodging. However Mayor Andrés Jafif openly disagrees with the reporting and argues that ”we might be poor (by European standards) but we are happy, we can live in Punta del Este, we have a good time, we surf, work and bask in beaches”.

  • Friday, January 15th 2016 - 12:13 UTC

    US Treasury and Homeland after identification of high end real estate deals in cash

    Director Jennifer Shasky Calvery said FinCEN has issued rules at preventing laundering through the mortgage market

    The United States is hunting down international criminals who launder money through real estate deals, with the Treasury Department ordering title insurance companies to report the identities of people paying cash for high-end properties in Miami and Manhattan.

  • Tuesday, June 16th 2015 - 04:47 UTC

    Brazil's housing market falling as interest rates rise and the economy slows

    Brazil's amazing housing boom appears to be over: house prices in Sao Paulo had soared by 113% (inflation-adjusted) from 2007 to 2013

    Brazil's housing market is now declining, amidst subdued economic growth and some civil unrest. In Sao Paulo, house prices dropped 1.2% during the year to Q1 2015, after annual price increases of 0.83% in Q4 2014, 3.29% in Q3 2014, 5.37% in Q2 2014 and 6.71% in Q1 2014