South American Real Estate News
/ Month / May

The Need for Title Insurance in Chile

Title insurance is traditionally a construct of the legal faults and risks associated with buying real estate in the United States (Wiki article on Title Insurance). The real estate laws in Chile do not suffer from most of those basic legal defects of land registries as found in the American legal system that would make title insurance useful in Chile. In fact, the legal safeguards built into buying, selling, and owning property in Chile are such that there is almost no circumstances under which a title insurance…

Real Estate Agent Customs in Chile

First, we would like to caution that most real estate agents in Chile are honest and well intentioned. There are many good, ethical, and professional real estate agents in Chile. There are however a few things that foreigners looking to purchase real estate in Chile should be cautious about when dealing with real estate agents in Chile, and should understand the limitations of what to expect from real estate agents in Chile. Real estate agents and agencies in Chile are completely unregulated beyond basic consumer…

Drones in South America Agriculture

Drones in South America Agriculture: Now that Agricultural Drones are becoming more widespread I thought we would do a promo on one of the most advanced UK models available in the market today. About QuestUAV QuestUAV Ltd is a UK based manufacturer of small, fixed wing unmanned aircraft ( sUAV ) that are designed to carry sensors such as high resolution cameras, infra red cameras, thermal cameras, multispectral cameras and video surveillance cameras. Our drones / aircraft / UAV are also referred to as RPA (Remotely…

Argentina has a high level of Road Deaths

Road death comparison figures were revealed at the OECD’s International Transport Forum in Leipzig, eastern Germany. Sweden has the lowest rate of fatalities at 2.7 per 100,000, but New Zealand has 5.7 and Argentina is the worst of all of those in the study – 12.9 road deaths per 100,000 of population in 2013. New Zealand has recorded the sharpest increase in annual road deaths of a group of 28 countries in an international study. The number of fatalities increased 16.1 per cent last year compared…

Paraguay introduces policies aimed at new Investors

The Republic of Paraguay has an open trade policy for the attraction of foreign investors that want to get established in the country. Article 107 of the National Constitution establishes that everybody has the right to work in his or her preferred licit economic activity, within a framework of equal opportunities. At the same time, the Investment Law Nr. 117/91 establishes the following principles: Equality: Foreign investment receives the same treatment as a national one. Consequently, it is not admissible…

Is Argentina’s economy pulling a tango turnaround?

Its economy is projected to show little or negative growth this year. Argentina is still indebted to American hedge funds, affectionately known as “vultures” in the country. And it remains the poster child of nations that default on their loans. But there’s new optimism in Argentina, mainly driven by presidential elections coming later this year. Its stock market is rallying and investors are buying the countries’ debt (amazing news, considering the country is mired in recession and…

Three growing start-up cities in South America

Three growing start-up cities in South America Entrepreneurs take note! You want to take a look south of the Rio Grande for your next venture. Strong start-up culture is no longer limited to places like Silicon Valley, New York City and Austin, Texas. South American cities are gaining international attention for their robust start-up communities, low cost of doing business and impressive pool of tech talent. Not to mention, a number of South American governments are taking action to make sure that their cities…

Californian dairy farmers concerned for their future

Dairymen in California have long seen themselves as the “star model for dairying” but they are far from creaming it. The current milk price of about US$13-16/cwt (1cwt = 0.0508 tonne) is about US$2 below breakeven for most farmers. They are four years into a drought and fear they will run out of water to grow crops to feed their cows. State government restrictions mean no more dairy ‘farms’ can be built in California and the dairymen believe the government no longer wants dairying in their state. J.D.…

Paraguay offers Incentives for Foreign Investments

Law 60/90 offers a fiscal incentives regime for national or foreign capital investment. According to Law 60/90, national or foreign investment projects that are approved for this regime will be exempt from the following charges: Fees and internal taxes on the imports of capital goods, raw material and inputs intended for local industry and foreseen in the investment project. Value added tax when acquiring capital goods that will be used in industrial, agricultural or livestock production cycle. Taxes on remittances…

The Born kidnapping in Argentina

History of the seventies still has to be written but Maria O’Donnell takes first steps with Born Some books have a way of marking a time, a moment in the history of a society. They might be novels or essays or reports on just about anything that concerns us. The impact is acknowledged as the pages are turned. One of these books could be the one that launched on May 10 in the closing stages of the Buenos Aires Book Fair. I confess an interest, I was one of the two speakers — the other was Magdalena Ruiz…

Paraguay looks to grow soya sustainably

Paraguay looks to grow soya sustainable now that it is the world’s fourth-largest exporter of soy, much of which is shipped to the European Union.  Some of this acreage has a  certification scheme is in place to make soy production sustainable. It is the hope that this area will increase as people realise the commercial value in protecting the land from depredation. In Eastern Paraguay, a sea of soy stretches as far as the eye can see, interspersed only by the occasional dirt road or other crops. The…

The Mercosur becomes less important to Argentine Trade

Argentina “beggar thy neighbour” trade policies continue to damage the Mercosur Increase reflects administration’s efforts to boost ties with Asian giant as Mercosur trade drops. Exports to China soared in the first quarter of the year, compared to the same period last year, rising by almost 50 percent to US$384 million. President Cristina Fernández de Kirchner’s government has been making a concerted effort to increase ties with the Asian giant and that appears to have paid off in the first…

Brazil, Peru and China building a Bi-Oceanic Rail corridor

Brazil, Peru and China building a Bi-Oceanic Rail corridor The project of a trans-continental railway, Atlantic to Pacific, using Chinese finance is not a new one. Argentina, Brazil and Chile had also tried to make such a plan work some years ago. However now it seems a new player Peru is at the forefront of a new plan. Along with Brazil using Chinese finance they are moving forward on a transcontinental railway that will cut across the continent, climb the Andes and connect port cities in the Pacific and Atlantic…

Rules for setting up a new Business in Argentina

The Business Associations Law (No. 19550) establishes a wide range of business association forms. The forms most widely used by foreign investors are corporations (sociedades anónimas or SAs as regulated under Argentine law) and limited liability companies (sociedades de responsabilidad limitada or SRLs as regulated under Argentine law). In these cases, unlike branch offices, liability is limited to the amount invested in the business. Unlike local companies, before foreign companies can set up a company or…

Argentine’s Real Estate sector is recovering

Public works and Procrear programme are helping industry recover after a long slump The construction and Argentine’s Real Estate sector appear to be exiting a long slump, raising hope they could provide some rare good news for the economy that appears to be dominated by red ink. The construction sector rose 5.3 percent in the first quarter of the year compared to the same period last year, an increase President Cristina Fernández de Kirchner noted yesterday during a national broadcast. Meanwhile, the…