Real Estate

• Friday, February 1st 2013 - 07:09 UTC

  Big boost for foreigners who invest in Brazilian real estate

  

  Brazil on Thursday exempted foreign investors from paying a financial transaction tax on purchases of real estate investment trusts traded on the country's stock exchange. Since early last year the government of President Dilma Rousseff has aimed to develop funding alternatives for local builders, many of which are overly dependent on loans from state development bank BNDES, the main source of long-term corporate financing in Brazil.

• Thursday, December 6th 2012 - 07:36 UTC

  Spectacular Brasilia becomes the legacy of master architect Niemeyer

  

  Oscar Niemeyer, a towering patriarch of modern architecture who shaped the look of modern Brazil and whose inventive, curved designs left their mark on cities worldwide, died late Wednesday. He was 104.

• Tuesday, November 6th 2012 - 20:41 UTC

  Real estate activity drops dramatically in Argentina because of ‘dollar-clamp’

  

  Argentina’s real estate sector is already feeling the negative consequences of the ‘dollar-clamp’ implemented by the government of President Cristina Fernandez a year ago, and in 2013 the effect could have an even greater impact for the construction industry.

• Monday, November 5th 2012 - 12:46 UTC

  World’s most expensive palatial house in London on the market for 100 million pounds

  

  The world's most expensive four-storey palatial house, in London's plush neighborhood has gone on the market at a staggering 100 million pounds. One Cornwall Terrace is a Grade 1 listed mansion overlooking Regent's Park in London.

• Thursday, November 1st 2012 - 23:28 UTC

  Argentina tightens ‘dollar-clamp’: end to mortgage loans in US currency

  

  Argentina tightened the ‘dollar clamp’ a further notch by including mortgage credits, which means people wanting to become home owners will not have access to the US currency.

• Wednesday, September 19th 2012 - 06:05 UTC

  Argentine economy to expand 1% this year, according to private estimates

  

  The Argentine economy is expected to grow 1% this year with manufacturing activity virtually stagnant, according to the head of a leading economic consultancy agency in Buenos Aires who nevertheless admits that the government stats “will probably show a better performance”.

• Monday, September 17th 2012 - 02:47 UTC

  Experts close to President Rousseff warn of a “real estate bubble” in Brazil

  

  A team of experts working for the administration of President Dilma Rousseff has warned of the existence of a “real estate burble” in Brazil with the value of houses soaring 165% in Rio do Janeiro and 132% in Sao Paulo in the last four years.

• Wednesday, September 5th 2012 - 06:13 UTC

  Real estate sales in Buenos Aires City lose steam for eighth month running

  

  Real estate sales in Buenos Aires City dropped for the eighth month running in July and 27.6% over a year ago because of the US dollar clamp according to the monthly evolution index of sales documents from the Notaries College of the Argentine capital.

• Tuesday, August 28th 2012 - 04:29 UTC

  Buenos Aires Aires real estate market faces the challenge of slowdown and ‘pesification’

  

  The Argentine real estate market has witnessed stunning growth over the last decade but growth of the sector appears to have come to an abrupt and dramatic end in the seven months of this year.

• Saturday, August 11th 2012 - 11:26 UTC

  “Two tough years” ahead for Uruguayan construction and real estate

  

  The Uruguayan construction industry faces tough years ahead because of the international crisis and its effects on neighbouring Argentina, forecasted economist Jorge Caumont who is also an advisor of several real estate agents.