South American Real Estate News
/ Month / March

Buenos Aires booming hotel industry

As the largest city in Argentina, Buenos Aires is home to legendary landmarks, sophisticated entertainment, and noteworthy shopping and dining. But in terms of tourism development, the biggest news of late has come from the local hotel scene. Indeed, Argentina as a whole is Latin America’s standout when it comes to hotel development, with some 15 hotel projects and 1,700 rooms in the pipeline. And Buenos Aires is, of course, the white-hot center of Argentina’s hotel boom. The new hotels apparently aren’t…

Buenos Aires: a Mecca for overseas property investment

Argentina’s booming economy is fuelling investment interest across the real estate spectrum from residential to commercial assets and hotels. With fantastic returns on investments, property investors from around the world are snapping up real estate opportunities, in anticipation of future capital growth. In addition, the tourism sector is also rapidly expanding; tourism in Argentina is expected to grow at a rate of 10% annually until 2020, compared with the world average of 4.1%. In 2010 one of every five…

Investment funds around the world seeking farmland in response to food price hikes

For decades, the world was often swimming in surplus food because farmers were so productive. But rising demand has caught up, and reserves have become so tight that global food markets are vulnerable to even minor shocks. Many analysts say that higher, more volatile prices may be here to stay. The new dynamic reflects in part the rising demand for commodities in developing countries such as China, India and Russia. By 2050, the U.N. Food and Agricultural Organization projects that world food production will…

Chinese largest agricultural firm to buy farmland in Latin America

China’s largest agricultural enterprise, Heilongjiang Beidahuang Nongken Group, will acquire or lease 200,000 hectares of cropland in countries including Brazil, Argentina, Venezuela, Russia, The Philippines, Australia and Zimbabwe China, the world’s most populous country with 1.34 billion citizens, is experiencing an agricultural deficit that has spurred the authorities to seek access to crops outside its territory. In fact, according to somewhat dated statistics, less than 11 percent of Chinese territory…

Argentine winemakers set sights on Asian markets

Winemakers in Mendoza, where prized Malbec vines grow beneath Andean peaks, celebrated the end of grape-picking this month with a traditional parade of harvest queens and floats laden with flowers. But with festivities over for another year, Argentine vineyards have turned their attention to capturing relatively new Asian markets where burgeoning middle-classes are rapidly acquiring a taste for wine. “Today China consumes less than a liter of wine per person per year,” said Cristina Brachetta, director…

Record food prices are boosting farmland investments

Farmers will sow more acres and pour more funds into agriculture this year to boost yields across the top producer nations as record high food prices jolt markets and send buyers scurrying for supplies. While crops in top grain exporter the United States will battle for acres in the upcoming spring planting season, the developing world is expected to deploy resources to expand agriculture and improve stagnating productivity. Analysts told the Reuters Food and Agriculture Summit they expected more land in Latin…

Brazil started 2011 with massive foreign capital investments inflows

The inflow of us dollars to Brazil so far this year (Jan-March 5) marks a surplus of usd 24.3 billion over outflows, which helped to further appreciate the Brazilian Real, according to the latest figures released by the Central Bank. This is the result of financial operations mainly by Brazilian corporations’ overseas issues and long term foreign investors. In fact, property investors from around the world are flocking to Brazilian shores with a view to snapping up real estate, in anticipation of future capital…