South American Real Estate News
/ Month / September

JP Morgan sees Peru’s 2015 economic growth at above 5.5%

 JP Morgan sees Peru’s 2015 economic growth at above 5.5% Peru’s economy is set to go back to growth levels above 5.5 percent by 2015 fuelled by the ramping up of the largest mining projects, accelerating investment and strong consumption, Investment financial bank JPMorgan Chase (JPM) has reported. “There are high expectations regarding the positive impact of the ramp-up of Toromocho’s production, which coupled with an acceleration in investment (both public and private),” JPM’s…

Paraguay becomes world’s 8th -largest exporter of beef, ahead of Argentina

Paraguay becomes world’s 8th -largest exporter of beef, ahead of  Argentina Paraguay now ranks as the eighth-largest exporter of beef in the world and is planning to double the number of cattle slaughtered by 2020, according to the country’s Rural Association, ARP. Last year 2.2million head of cattle were slaughtered in Paraguay, and 73% of the beef was exported while the rest was domestic consumption. Argentina on the other hand, only managed to export 200.000 tons last year. This year Paraguayan…

Opinion: Latin America – the ‘Valley Girl’ of global markets

Opinion: Latin America – the ‘Valley Girl’ of global markets (This article was written by John Price, the managing director of Americas Market Intelligence) If the Latin American market could be symbolized by one single character, the California Valley Girl might fit the bill. It’s a simplistic, even insulting stereotype, but one that stands up to statistical scrutiny, specifically an analysis of Latin America’s share of the globe in different product usage, asset classes, and investment flows. After…

Chile’s economy grows more than expected on services and mining

Chile’s economy grows more than expected on services and mining Chile’s economy grew more than analysts expected in July, led by services and mining, while still expanding at the slowest pace in four years. The Imacec index, a proxy for gross domestic product, rose 0.9 percent from a year earlier, the central bank said. The median forecast of 14 economists surveyed by Bloomberg was for growth of 0.4 percent. Economic activity expanded 0.5 percent from the previous month. Central bank President Rodrigo…

Chile, Colombia, Mexico and Peru: Better Together

The following is a communiqué issued on September 21 by the Presidents of Chile, Michelle Bachelet; Colombia, Juan Manuel Santos; Mexico, Enrique Pena Nieto & Peru, Ollanta Humala . The Pacific Alliance is achieving significant results. Three years ago, Chile, Colombia, Mexico and Peru decided to move toward deeper economic and commercial integration. The effort was based on our common belief that the free movement of people, goods, services and capital can help us achieve greater welfare and social inclusion…

Savills International Major City Comparision Report

Savills International Major City Comparision Report Understanding the real estate markets of our 12 cities means getting to know their physical natures and personalities as much as their pricing regimes. Each city contains numerous layers of infrastructure that help to create city character. In our last issue we started to examine one aspect of this infrastructure – street patterns and population densities of each city. In this issue, we have put the public transport systems of our cities under the microscope.…

Paraguay Export Economy is Agriculturally Based

Paraguay Export Economy is Agriculturally Based Bordered by Bolivia, Argentina and Brazil, Paraguay. It lies firmly in the heart of South America. With a land area of just under half a million square kilometres, a country that is considerably smaller than its neighbours and has one of the  lowest population densities in the region. With few mineral resources, Paraguay’s economy revolves around agriculture. The country name Paraguay originates from the Guarani word for a great river, the Parana River.…

In Paraguay the Freedom of the Press is Impressive

Freedom of the press is vitally important in any democratic. The key to that is a strong privately held media.  Unlike many of its neighbours the press is mostly private.    The constitution provides for a free press and media outlets operate with few official curbs. The press ABC Color– private daily La Nacion– private daily Ultima Hora– private daily Television RED Guarani (Canal 2)– private Telefuturo (Canal 4)– private Sistema Nacional de Television (Canal 9)– private…

Peru remains as one of the strongest economies in Latin America

Peru remains as one of the strongest economies in Latin America Peru becomes the third nation in Latin America to earn the coveted “A” grade sovereign rating after Chile and Mexico. Moody’s Investors Service pointed out the falling debt and reduced dependence on metal exports as one of the main reasons for its decision but also the improvement in the government’s balance sheet as well as expectations for faster growth and the impact of initiatives to bolster competitiveness. Ghezzi also pointed…

Uruguay’s Economy continues to grow

Uruguay’s economy has expanded 3.7% during the second quarter of 2014 making for 10 years of continuos expansion. With the exception of construction, which had a negative performance, all other sectors of the Uruguayan economy expanded during the second quarter compared to 2013. Exports during the period, increased 8.1% in volume on an annual basis while imports increased at a 2.4% rate. Last year the Uruguayan economy expanded 4.4% above the government target and other estimates such as the IMF and World…

Is Argentine property a buy ?

Is Argentine property a buy ? Argentina is now one of the cheapest markets in the world. With good reason, Argentina has been out of favor for ten years, due to its current and past incompetent fiscal management and erratic investment policies. For some time there has been a concern that it was following in the footsteps of the failed state of Venezuela previously led by the deceased dictator Hugo Chavez. However, there a large differences between Argentina and the Central American Countries have followed the…

How many hours do South American workers need to work to pay their taxes

According to the World Bank workers in Uruguay spend half their working day to support the government. However on the other side they only spend 113 working days per year making them some of the least productive in the region. This compares poorly with Chile at 146 working days and Argentina 203 days. Source Banco Mundial, El Pais, Infonegocia, La Nacion (Visited 29 times, 1 visits today) About Gateway to South AmericaGateway to South America is an independent Brokerage and Advisory company committed to helping…

Latin America is Bank Santander’s Cash Box

Latin America  represents 51% of group’s profits; In Argentina, Santander Río is its biggest private entity Emilio Botín, the powerful chairman of the Santander group who died on Tuesday, had strong ties with Latin America that went well-beyond the financial elite. He rubbed shoulders with Spanish royalty and regularly received political leaders and heads-of-state at his office in Madrid. Botín was able to take advantage of cultural and language ties to rapidly expand his group into Latin America, where…

For decades Switzerland has had bank secrecy. Now it does not. Ouch for the rich and corrupt politicians

What is the affect of those with bank accounts in Switzerland. When Switzerland’s made a decision to accept exchanging banking information, tax and other corporate information with countries with which it has signed agreements to avoid double taxation (including Argentina, Brazil and Uruguay), the financial industry found it must adapt quickly to this new situation or decline. Switzerland has made it clear that it would no longer help its business clients and foreign politicians protect assets not declared…

Argentina: Doug Casey’s favorite place in the world

Taken from a recent interview done by Lous James Let’s start with the big question. Why, of all the places in the world you could have selected to build your vision of paradise on earth, did you choose Argentina? Doug: For some time now, I have stressed the importance of diversifying internationally. I wanted to diversify outside of the United States, because although every country in the world is headed in the wrong direction, at this point in time the US is heading there more quickly and with far more…