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 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 Dollars…

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…