South American Real Estate News
/ Month / March

More German firms keen to invest in Brazil

Germany is keen to boost its already substantial investment in Brazil ahead of the 2014 World Cup and the 2016 Rio summer Olympics, the new president of the Brazil-Germany Chamber of Commerce said here Monday. “There are many (German) companies, particularly small and medium-sized ones — who see prospects for business in Brazil” despite the country’s faltering economic growth (0.9 percent last year),” said Thomas Schmall, who has just been elected chamber president for a two-year…

Argentine Easter Championship Super TC2000 motor racing in Buenos Aires Streets

For the second time after sixty years the city of Buenos Aires will organize a car race on a street circuit. This will occur when Super TC2000 strolls the city streets of Recoleta on the first date of the Argentine Championship Super TC2000 on March 31st, 2013. The circuit will have an extension of 3200 meters and will run on Av. del Libertador and Av. Figueroa Alcorta, between Tagle and Ayacucho. The TC2000 (Turismo Competicion 2000) is a touring car racing competition recognized as one of the world’s…

Which New Zealand Companies are making money in Latin America ?

When it comes to Latin America there are few New Zealand companies who know it as well as Tait Communications. The Christchurch-based business has been selling its products there for more than 25 years. So when Tait’s vice-president of sales for Latin America, Hamish Wiig, went on the John Key-led trade delegation recently he kept a watch out for some of his products. And it  wasn’t long before he spotted some. “It was great to see the police at the Sao Paulo football stadium all using Tait digitally…

Peru invests in massive irrigation project to bring fresh water to its arid west coast

Next year, the Olmos Irrigation Project will start pumping billions of gallons of water onto a nearby 170-square-mile patch of desert in the Olmos Valley near the Pacific coast. The $500 million project is the most ambitious yet in a handful of massive irrigation works that are turning large swaths of Peru’s historically parched coast into profitable agricultural fields. Odebrecht Construction drilled a 12-mile tunnel through the Andes to pull water from where it has always been abundant – the Amazon…

Chilean Housing Prices Higher due a strong well managed economy

Global Property Guide Unlike many other countries around the world, Chile’s housing market did not suffer the ill effects of the global financial crisis and new reports show that house prices are strong, particularly in the capital of Santiago. The Chilean real estate market experienced only a marginal slip during the worst of the crisis, and the Chilean Chamber of Construction is now reporting 9% increases in prices during the year ending in January 2013. A successful housing program coupled with an expanding…

Uruguay: From Crisis to Opportunity

Through 2005-2010, a range of World Bank initiatives effectively supported Uruguay’s successful efforts to consolidate economic and social recovery from a crisis in 2001-2002, which in turn drove down poverty rates, bolstered health reforms, and significantly reduced the national debt. The Bank was also instrumental in helping Uruguay eliminate foot—and—mouth disease, boosting the country’s image as a reliable beef exporter in global markets. Challenge By 2005, Uruguay was moving beyond crisis response…

Uruguay is Going Green, Diversifying its Energy Mix using Windfarms

Uruguay is quickly turning into a leader in Latin America in terms of using its wind resources to fuel the economy. And it is using the revenue stream from carbon credits to catalyze the investment, the World Bank announced today. A 10 MW wind farm built at Sierra de los Caracoles in Maldonado (eastern Uruguay) became the second wind power project in Uruguay to earn Certified Emission Reductions, commonly known as carbon credits, through the project’s registration with the United Nations Framework Convention…

Chile Wine Country Uncorked

Chile has long been a wine producing country since the first European settlers arrived in the mid-16th century. The original vines were brought by Catholic missionaries – of course, they needed wine for sacramental purposes – via Peru, California and directly from Spain. For centuries, Chilean wine was limited to a domestic market due to its poor quality, but in the 1980s, the country’s winemakers began pursuing export markets. They have succeeded in gaining worldwide recognition by producing not…

Chile says “Instead of changing the world through revolution, we can change the world through innovation”

Start-Up Chile is a program created by the Chilean Government, executed by Corfo via InnovaChile, that seeks to attract early stage, high-potential entrepreneurs to bootstrap their startups in Chile, using it as a platform to go global. The end goal of the accelerator program is to convert Chile into the definitive innovation and entrepreneurial hub of Latin America; this is a mission shared by the Government of Chile and is a primary focus of the Ministry of Economy. In 2010, the program, at that point…

Reasons to Invest in Rio de Janeiro Brazil now

  Reasons to Invest in Rio de Janeiro Brazil now       Brazil was awarded grade status in 2008 by Moody’s and Standard & Poor which have positioned the country on a foreign investment fast track attracting billions of dollars of foreign investment every year. A stable economy, falling interest rates and rising tourism are just some of the factors that are attracting a growing number of investors to Brazil. Brazil has seen its economy soar in recent years, with growth far outpacing…

A New Pope with Three Firsts – First South American Pope Ever – Jesuit – Habemus Papus

Three firsts for the new Pope: Argentine, Jesuit and his election by fellow cardinals was announced by twitter. Jorge Mario Bergoglio, is a theological conservative with a strong social conscience, and a modest man who declined the archbishop’s luxurious residence to live in a simple apartment and travel by public transport. His simplicity was demonstrated with a self-deprecating joke when he first appeared to the waiting crowd, “the duty of the cardinals is to elect a Bishop of Rome,” he said, “and…

Chile will build the worlds largest telescope

The European Extremely Large telescope E-ELT), costing more than €1bn, will capture the universe’s earliest moments The huge observatory, to be built in the Chilean Andes, will allow astronomers to capture images of the universe’s earliest moments. The giant eye on the sky, known as the European Extremely Large Telescope (E-ELT), will cost more than €1bn (£900m) to build. Its main mirror, which will gather light from distant stars and galaxies, will be 39 metres in diameter, made of 798 segments.…

With Chavez is gone will Brazil be the rightful leader of Latin America ?

Hugo Chavez’s exit from the world stage may take the sting out of an ideological battle that has enveloped in Latin America since a new batch of leftists and Marxist started taking power in South America about 15 years ago to challenge Western Influence. Followers of Chavez say his incredible energy is irreplaceable, but  even before his death the appeal of his boisterous, uncompromising approach to economic and foreign policy had started to fad. The  momentum has moved towards a  more pragmatic…

Peruvians Love Mining so why are they protesting ?

Some investors avoid Peru due to some bad press regarding mine protesters. Why because Peruvians are tired of being taken advantage of. But can you blame them ? The government has a regulation called canon minero. This rule stipulates that half the income tax derived from mining must be disbursed to the community those activities take place in. But that wasn’t happening. And as you can expect, people protested. So the protests are geared toward the government, not companies — especially mining companies.…