South American Real Estate News
/ Month / February

Argentina’s richest 15 families worth is over 27 Billion US dollars

Argentina’s richest 15 families worth is over 27 Billion US dollars ( 2014 ) The total fortune of the 15 wealthiest Argentines has been estimated at 26.85 billion dollars, falling just shy of the 27.679 billion dollars currently in the Central Bank’s foreign reserve account, according to a list of the country’s richest people published recently by the local edition of Forbes magazine. The difference being this money is real whereas no one believes the Argentine Central Bank actually has 27 Billion…

Can the World feed China ?

By Lester R. Brown Overnight, World feed China has become a leading world grain importer, set to buy a staggering 22 million tons in the 2013–14 trade year, according to the latest U.S. Department of Agriculture projections. As recently as 2006—just eight years ago—China had a grain surplus and was exporting 10 million tons. What caused this dramatic shift? It wasn’t until 20 years ago, after I wrote an article entitled “Who Will Feed China?”, that I began to fully appreciate what a sensitive political…

Argentines love Bitcoins but are they safe ?

Early today, the world’s most established exchange for bitcoin disappeared from the internet, sending the price of the virtual currency tumbling and prompting fears that the world’s biggest experiment in electronic cash could soon be strangled by fraud or regulation. Here’s an explanation of what bitcoins are, how exchanges work, and why the demise of the Mt. Gox exchange, means many people may have lost a lot of money. Q: What’s a bitcoin? A: Bitcoin is an online currency that allows…

UAG Farming Fund in Uruguay has purchased El Tejar in a 67,000 ha land grab.

El Tejar has sold its Uruguayan farms to UAG ( an agro fund). That agreement will allow for the incorporation of the 67,000 hectares of cropping land giving UAG a total of 170,000 hectares, equivalent to three times the size of the province of Montevideo. In this area, some 32,000 hectares shall become owned by UAG and 35,000 ha will remain under the existing leases. Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign…

In Uruguay 15 companies own more than 1,400,000 ha of farm land.

Seven forest companies, six agricultural groups, a dairy company and a Brazilian business person in Uruguay all exploit over 1.4 million hectares of productive farmland-as-owners and or tenants. Land suitable for farming in Uruguay is about 16 million hectares. Ownership of these huge areas is of a concern to President Jose Mujica. Director of Planning and Budget, Gabriel Frugoni said last week that the government should prepare changes in taxation and measures to curb the concentration of farm properties.…

Bolivia shows signs of significant economic improvement

Bolivia shows signs of significant economic improvement (The following article was written by William Neuman and was published in the New York Times on February 16, 2014) Tucked away in the shadow of its more populous and more prosperous neighbours, tiny, impoverished Bolivia, once a perennial economic basket case, has suddenly become a different kind of exception — this time in a good way. Its economy grew an estimated 6.5 percent last year, among the strongest rates in the region. Inflation has been kept…

Is Air New Zealand looking to spread its wings to Latin America ?

According to analysts at the Capa Centre for Aviation, headquartered in Sydney, Air New Zealand is reviewing options for covering Latin America, which is now a focus of New Zealand’s tourism push. Commenting on the report, an airline spokeswoman said “South America is an area we’ve been interested in exploring for some time, but the first priority has been to finesse our Southeast Asia and Europe networks.” Air New Zealand chief executive Christopher Luxon has said South America was…

Buenos Aires City Neighborhoods Explained

Buenos Aires is divided into a number of “barrios”, which means neighborhoods or suburbs. Each one of them has something special to offer and has an important story that identifies the spirit and characteristics of its citizens. To find your way around the city, you can quickly navigate the cities Map of Buenos Aires neighborhoods. Where to Stay in Buenos Aires? Insider information of the most popular Buenos Aires neighborhoods: Recoleta: firmly established as the most cultured neighborhood…

Mendoza – Argentina’s Wine Capital prepares for it’s Annual Fiesta

The annual Fiesta  of Vendimia ( Mendoza Wine Festival ) in Mendoza is to be held between the 2nd and 11th of March this year.  Within a specially constructed outside amphitheater with the magnificent Andes Mountains as the backdrop, it will be as popular as ever. With 800 dancers and actors, local and international entertaining, ( including Julio Inglesias ) it will put a strain of Mendoza’s tourist accommodation for that week. With over 800 wineries in the region it is the second most import activity…

Singapore owned NZ Farming Systems in Uruguay slumps to large loss

  Singapore owned New Zealand Farming Systems Uruguay has recorded a $US17.7 million ($21.3 million) group loss for the year to June 2013 while its parent suffered investment write downs of subsidiary companies. The loss compares with a $7.6 million loss for the previous NZ Farming Systems Uruguay slumps to big loss under Singapore ownership and the company notes it now heavily indebted to its ultimate shareholder, Olam International, to the tune of $US140 million.…

Argentina has gone from the fastest growing economy in the world to one of the slowest. What went wrong ?

Argentina has gone from the fastest growing economy in the world to one of the slowest. What went wrong ? WHEN the residents of Buenos Aires want to change the pesos they do not trust into the dollars they do, they go to a cueva, or “cave”, an office that acts as a front for a thriving illegal exchange market. In one cueva near Florida Street, a pedestrian thoroughfare in the centre of the city, piles of pesos from previous transactions lie on a table. A courier is getting ready to carry the notes to…

Why Are So Many Americans renouncing their Citizenship and Heading South

  The number of Americans that renounced their citizenship was 221 percent higher in 2013 than it was in 2012 and in 2014 it could double again.  That is a staggering figure, and it is symptomatic of a larger trend.  In recent years, a lot of really good people with very deep roots in that country have made the difficult decision to say goodbye to the United States permanently.  More than a few actually go to the trouble to renounce their citizenship, but that is mostly done for tax purposes.  But…

Foreign Investors should watch out for America’s new Draconial Regulations

Among a long list of things I never, ever thought I’d see as long as I lived, the US once the Super Power of the World has the developed the all the characteristics of its once Super Adversary the Soviet Union. They now practice domestic no-warrant spying, unreported prisons, and institutionalized torture. Local governments grab attractive private property to build office parks, and Congress passes a bill calling for spending billions on a fence across the southern border to keep other America at home.…

The Argentine Parable – A example of what not to do

A CENTURY ago, when Harrods decided to set up its first overseas emporium, it chose Buenos Aires. In 1914 Argentina stood out as the country of the future. Its economy had grown faster than America’s over the previous four decades. Its GDP per head was higher than Germany’s, France’s or Italy’s. It boasted wonderfully fertile agricultural land, a sunny climate, a new democracy (universal male suffrage was introduced in 1912), an educated population and the world’s most erotic dance. Immigrants tangoed…

Thinking of Remodeling an apartment in Buenos Aires?

If you are thinking of doing some remodeling work on your apartment and are worried about the price,  you will be relieved to know that the costs when considered in dollar terms is actually lower than one year ago according to the latest figures given by Buenos Aires Reporte Immobiliaria.  They are quoted as saying “costs to renovate an apartment in 2013 increased by over 20%, however, to take the price of marginal dollar in early January 2014 as a measure, a bathroom remodel costs 27.5% less and a kitchen…