South American Real Estate News
/ Year / 2013

The Tea movement in Buenos Aires

History Argentine tea  movement culture is influenced by both local and imported varieties and customs with its multicultural history and the amalgamation o Europe and South America. Yerba Maté is the most noted South American tea with its origins dating back to the indigenous people of Argentina. When Jesuit missionaries first came to Argentina they were concerned by its addictive qualities so tried to ban it, however they reversed their stance and began cultivating it. Argentina has hugely expanded its…

Chile’s housing market is booming

Chile’s housing market conditions just keep pushing the real estate market’s large gains higher. As the market has been one of the best performing sectors in Chile over the last few years this is a continuing improvement for the region. In many parts of Chile’s 7th region the average price of agricultural land was increasing at an average rate of 9% a year between 2003 and 2009. However since 2009 up until this year the rate has increased of over 12% a year. The rural development land around Chile’s…

How to set up a company in Brazil

How to set up a company in Brazil Setting up a business in any country is a challenge especially having to consider each country’s laws and rules in the process of setting up. Opening and maintaining a business in Brazil also present just as much difficulty but with the right information and tools it becomes a lot easier. Having a corporation in Brazil can only come after much consideration and obeying the several types of obligations set out by the government. Depending on various factors as well as the…

Peru is one of South Koreas main food suppliers

South Koreas import a large quantity of their food from Latin American countries. Among the four largest food suppliers in South America is Peru and Ryo Bo Won (Strategy Director at Korean Trade-Investment Promotion Agency; Kotra) has said that it’s down to the reasonable prices and high quality products. The ‘pota’ (giant squid) is in great demand by the Asian country and the most sought after Peruvian seafood product Bo Wan stated. The Korean import market is expanding as they broaden their horizons…

Oil found in Uruguay by Petrel

The former Molopo Energy boss Stephen Mitchell and former Eastern Star Gas chief David Caseys’ latest venture is to test the Uruguayan nation’s onshore shale potential. So far it is off to a promising start as it’s at the forefront of efforts to test at this point. Yesterday Petrel Energy confirmed the existence of oil generation from drilling on its ground in the South American nation’s Norte Basin. The chief executive who is also the biggest shareholder of the company with a 9.2% stake, Mr Casey,…

Why is Peru’s economy not expanding at originally predicted rate?

On Tuesday, official data was released showing that as stronger mining activity offset a weak month for manufacturing, Peru’s economy expanded less than expected at 4.3% in August compared to the same month last year. The month with the second slowest rate so far in 2013 has been August. 4.6% had been the forecasted growth according to economists polled by Reuters. Economic growth has been dampened this year as a cause of weaker mineral prices and the softer demand from major buyers liked China of Peru’s…

Argentines are learning to treat chemical sprays with more respect than in the past

Argentina’s agricultural industry has been dramatically transformed by the introduction of genetically modified plants in 1996. A country once known for its grass-fed beef is now dominated by soy, corn and cotton. Soy harvests alone have tripled, ranking Argentina as the world’s third largest soybean producer. But the pesticides powering this boom are poorly controlled and used in ways that were never anticipated by regulatory science, if not specifically banned by law. Doctors and scientist worry…

The Estancia System: a Distinctive Feature of Southern Patagonia

    Robert Runyard Estancia System On the pampa (steppe lands) of Southern Patagonia, the individual unit of livestock production is the estancia (ranch) (this system is also used in areas where rainfall is higher). To be cost-effective, given the generally low levels of fertility, each estancia covers a large area. Nowadays, three thousand hectares (about 10 square miles) barely provides subsistence for one family. Historically, company-owned estancias were organized on an industrial model, and were…

The Peru-China relationship goes from strength to strength

China and Peru have had a long relationship, dating back to the 19th century when many Chinese immigrants ended up in Peru. Currently in Peru, 5% of the population are estimated to be Asian Peruvians however one source states that 5 million citizens have some Chinese ancestry, making that 20% of the country’s population. Minhui Huang, Limas Chinese Ambassador, has said that the two nations have a successful strategic partnership and at the moment their bilateral relationship is going stronger than ever. After…

Peru’s Amazonas region is now more accessible than ever

It has been reported that direct air services will be resumed at Chachapoyas airport in Peru. This will have a significant impact on the tourist arrivals, a supposed 12 percent more tourists will visit Peru’s northern Amazonas region. The resumption of these air operations will greatly boost the tourism industry announced Manual Cabañas, the Peruvian regional director of Foreign Trade and Tourism. The regional government will also come into action as they will be implementing promotional procedures in order…

Petrobras’ Argentine unit makes exciting discovery of natural gas reservoir

Petrobras, the Brazilian oil giant, has announced that its Argentine unit has discovered a new natural gas reservoir in the southwestern province of Nuequén,130 km from the provincial capital, in the El Mangrullo area near the cities of Plaza Huincul and Cutral Co. The company attributes the achievement of the discovery to the continual collection of data from wells drilled in that area and the constant re-analisation of both seismic and geological data. As well as using the expertise and methodology used…

Crowd funding could be an option for Artists and Small Business in South America

A new type of crowd funding platform which allows investors to receive equity is an option that might work well in South America where bank finance for start ups is not available. Established crowd funders overseas such as New Zealand’s PledgeMe and US-based Kickstarter have helped many projects get under way through masses of small pledges. Businesses would be able to avoid taking on debt or ceding control, and small ordinary investors could get exposure to the type of enterprises which at the moment…

Lip Service: Greeting and Farewell Kissing Etiquette in Argentina

The Argentine Farewell Kissing hello is an etiquette minefield for many a foreign visitor; an explosive expanse of dry lips and hairy cheeks, a bomb-strewn war zone of saliva and bad breath, a nuclear holocaust of social awkwardness and previously repressed homoeroticism. But not anymore. Intrepid reporter Daniel Tunnard spent ten minutes at his desk compiling lazy stereotypes into an unimaginative list many months infiltrating that most mysterious of beasts, the modern Argentine, to bring you this definitive…

Selling Real Estate in 2013 requires more skilled resources than in the past.

  Selling Real Estate in 2013 requires more skilled resources than in the past. More and more of our South American vendors want to promote their properties using digital and social media tools along with the traditional media. To assist with this we are going to increase the number of marketing opportunities for their properties to appear in. This will be a substantial benefit for those with well presented and market priced properties but will mean some properties will have to be dropped if they fail to fit…

New Property Regulations will affect Buenos Aires Landlords in 2014 involved in short term vacation rentals who are working outside the law.

2014 looks at a new fully operational law targeting the current increasing supply of temporary rental properties aimed at tourists in Buenos Aires. The transactions are not currently regulated for those who currently rent out properties in Buenos Aires  the tourism market but they will soon be monito red and supervised. Currently, according to estimates, Buenos Aires offers 6,000 to 20,000 beds in the category of temporary tourist rentals which damage the competitiveness of registered hotel beds. The continual…