South American Real Estate News
/ Month / August

Peru outshines its neighbours in South America

image of Peru outshines its neighbours in South America
Peru outshines its neighbours in South America in 2016, with a 58% rise in the Lima General Index, followed by the Bovespa in Brazil with 37% and Argentina’s Merval with 33%. Peru has a steep rise in GDP projected of 3.8%. By contrast, in Brazil and Argentina, the earnings will be only on stock this year. Argentina expects to end the year with a negative growth of -0.8%, and it is even worse for Brazil, with a negative growth of -3.5%. In the case of Argentina, there is agreement by different analysts…

Paraguay attracts investments from Uruguay

image of Paraguay attracts investments from Uruguay
Luis Chase, Ambassador of Paraguay in Uruguay, has commented on the fact that in recent years Paraguay has attracted investments from Uruguay, that this is due to the “Policy of the three 10s”: 10% VAT, 10% tax on corporate income and 10% personal income tax. Ambassador Chase added: “In Paraguay there is a fair balance between capital and labour, and few labour disputes.” He also stated that this “facilitates investment, protects it, it cannot be impounded,” and that “Paraguay…

The Best Real Estate Marketing Tips For Selling a Property in 2016

If you are like most people, selling your property is probably one of the largest financial transactions you will make in your life, so here are some tips for selling a property in 2016 quickly, in particular, if it is located in the South America region. There will be other properties in competition with you, so you will need to pull out all the stops to get your property in front of the most qualified buyers both locally and internationally. The following marketing ideas may be useful to you, helping you…

How to find Affordable Real Estate in Chile

The Do’s and Don’ts of Buying Real Estate in Chile Acquiring or even selling property can be a complicated exercise for the inexperienced;  the following is an outline of the basic principles of the issues faced when buying or selling a property and in particular, to help those looking for affordable real estate in Chile. Keep in mind that most foreigners who have bought in the past, without experienced professional assistance, ended up overpaying for the property. It is called locally…

Chile to change the most radical of Pinochet economic legacies

One of Pinochet economic legacies is about to be changed. Chile’s President Michelle Bachelet proposed changes to the most radical of all the economic reforms of former dictator Augusto Pinochet — the private pension system that inspired a wave of similar projects worldwide. For the first time, companies will have to contribute to the system, which until now depended on payments by workers to private savings accounts, Bachelet said in a televised address to the nation late Tuesday, August 9. The proposals…

Argentina’s Central Bank relaxes foreign-exchange restrictions

Argentina’s central bank moved one step closer to allowing the free flow of foreign currency when it removed a limit on how much of their savings individuals and companies can convert into dollars. Policy makers, in a statement on August 8, also said they will cut the amount of paperwork companies must submit to justify dollar purchases and reduce the categories of foreign exchange transactions that must be reported to the government to 70 from 315. The central bank previously limited conversions to dollars…

Argentina Attracts Green Capital

image of Argentina Attracts Green Capital
With an extremely bold move by the government of the nation, Argentina is now attracting the green capital that is needed to realise works in clean energy, by using the Decree of Necessity and Emergency number 882 of the Ministry of Mining and Energy, which enshrines in law exceptional measures to ensure foreign investment in renewable energy. This year the government has authorised the entry of up to US$1,700 million for the execution of works within the regulatory framework of energy production from renewable…

Argentina’s economic future is reborn

Energías Renovables en Argentina
Argentina at one time was the poster child for foreign direct investment in Latin America. This came to an end after periods of political, economic and social upheaval left Argentina troubled, however, for example with a populist regime in the past decade that intervened in all sectors of the economy, especially imposing huge protectionist taxes on imports and exports. Following the election of President Mauricio Macri’s new government in November 2015, much of that has begun to shift, and Argentina is once…

Why the Rio Olympics is not drawing Chinese buyers to Brazil

Even though it seems like Chinese investment levels only go up, Chinese buying does vary by local conditions with the Rio Olympics being a good example. According to Goldman Sachs, the Olympics is a property goldmine that has boosted real estate prices in its host city in the past. Citing Sydney, Los Angeles, and Atlanta as prime examples, the Olympics generally translates into infrastructure development, tourism growth, and a stronger profile for the host city, and this has enticed many intrepid international…

Argentine organises the largest Business and Investment Forum in its history

image for Argentina 2017
President Macri is fronting a forum to the world’s business elite the countries vision of a modern Argentina Argentina is organising a major business and investment forum next month, September 12th to the 15th, in Buenos Aires where more than 1,500 world business leaders and representatives of government and economic institutions are scheduled to attend the event, probably the largest in recent times in all of Latin America. All of the participants will receive from the president Mauricio Macri administration…

2016 Electric Power Outlook for Latin America

Energías Renovables en Argentina
BNamericas is a business intelligence companies that focuses Latin America. They have been providing business intelligence for the last 20 years with subscribers from most of the region’s top companies. This is their 2016 Power Outlook for Latin America. Every year they publish a report that is based on surveys that are completed by industry experts for a number of sectors. Participants included C-suite executives, project managers, engineers, researchers and analysts. We find this report to be interesting…

Argentina kicks off its 1GW Renewable Tender Process

On March 30, 2016, the Executive Branch of Argentina issued Decree No. 531/16, which regulates laws 26,190 and 27,191, and initially establishes the Regulatory Framework for the Promotion of Use of Renewable Energy in Electric Power Generation (the “Regulatory Framework”). The Regulatory Framework sets forth the following milestones for the satisfaction of electric power from renewable sources: Percentage of electric power demand to be satisfied from renewable sources Deadline 8% 12/31/2017 12% 12/31/2019…

Paraguay will grow by 3.1% in 2016

chart of Paraguay will grow by 3.1% in 2016
BBVA Research has confirmed its estimate that Paraguay will grow by 3.1% in 2016. The Government of Paraguay also maintains the same expectation of 3.1% this year. If maintained, the trend will show Paraguay to be the third fastest growing economy in the region this year. Juan Ruiz, chief economist at BBVA Research for South America said: “In Paraguay, we maintain our growth forecasts unchanged for 2016 (3.1%) and slightly revise downwards for 2017 (2.9%), due to delays in the beginning of some emblematic…

Entering South America – 7 Essential Tips to make your life easier

Our top tips are based on our experience assisting hundreds of companies enter the Latin American Region and are directly relevant to many of the legal and operating issues which you are likely to encounter. Understanding the different issues will be the difference between a successful entry or one that is filled with stress and problems.   Tailor your Company’s constitutional documents

 A company’s articles of association set out the formalities relating to the composition of the board of directors…

New Legal Framework for Foreign Direct Investment in Chile

On 1 January 2016, the new legal framework for foreign direct investment in Chile (the “New Law”) was enacted to replace the Decree Law 600 ( ̈DL 600 ̈) that has been in place since 1974. DL600 regulated the entry of foreign capital as investments into Chile. It provided investors with guaranteed certainties, rights and certain tax advantages. Individuals, legal entities or Chileans residing abroad could bring funds into Chile under this regulation. It was utilised by a wide range of industries but was…