South American Real Estate News
/ Month / November

Failing Argentine Economy: “It’s Troubling that No One is Proposing Reforms”

Mauricio Macri needs to undertake drastic economic reforms to save Argentina from a death spiral of inflation and currency collapse Argentina’s National Institute of Statistics and Censuses (INDEC) confirmed an economic decline of 5.8% in the month of September. Monthly figures, although dismal and depressing, had at least been stabilizing: June saw a decline of 6.8%, July of 2.7% and August of 1.6%. September’s figures are just one further troubling sign for President Mauricio Macri and the Argentine people.…

GTSA – Activity Update for November 2018

GTSA REGIONAL UPDATE Here is a short update on what’s happening in our region over the past few months. Argentina: Residential – Buenos Aires The Buenos Aires local residential market has slowed due to the Peso devaluation, poor financing options, and very high inflation. However, there has been a very high influx of tourists, some of which are turning into residential buyers due to the low prices. Farm Market: The farm market is still suffering from a lack of profitability in some sectors and as…

10 property tips when buying

My thoughts from 30 yrs in the real estate industry. Tip 1: Contact your broker, don’t wait for them to contact you – Good properties always sell even in a tough market. Your ability to buy the best properties that tick all of your boxes comes down to the relationships you have with the local brokers, so take the lead and make sure they always think of you first when they become aware of that perfect property. Tip 2: Buy when you can afford to buy – You will never get (1) High growth, (2)…

Brazilian farmers in Mato Grosso satisfied with the soybean planting progress

Brazil’s Mato Grosso farmers are happy about their soybean planting progress this year, as they have finished sowing almost 90% of their soybean acres and are expecting an early harvest at the end of December. “The weather is so good this year, as rain comes to the state early and keeps going on almost every day,” said Daniel Latorraca Ferreira, director of the Institute of Economics and Agricultural Mato Grosso, (IMAE). “This good weather will help the crop development, and we will be able to start…

Patagonian Lamb: a worldwide reputation of quality

Sheep production represents an important role inside the Argentine agriculture system. By the end of XIX century, Argentina had 74 million sheep, but that number has decreased over recent years. The reason for this reduction has multiple factors, but the most important during the last few years is the increase of the guanaco production (similar to a lama) and the increase of wild dogs in Argentine’s Patagonian. But even though there are many adversities some people still bet on the rising of sheep. Juan…

Farms in Argentina continue to underpin the countries economic recovery with an expected USD 3 billion of sales before March 2019

This is the calculation for the remainder of the soybean and corn harvest, as well as the exports of the new seasons wheat. Despite some flooding, it shows the hope of a super harvest is now likely to be realised. The wheat harvest already over two million tonnes. Despite flooding from over 380 mm of rain in some regions from a storm last weekend, which will damage yields in some areas. It is a shared bet by the government and analysts estimate that the recovery of the overall economy will now be in the first…

Buenos Aires: Palacio Álzaga Unzué: The most luxurious wedding gift in Argentina’s history

On May 8th, 1916, there was a large party in Buenos Aires. Two offspring of the aristocracy, Félix Saturnino de Álzaga Unzué, 31, and Elena Peña Unzué, 24, were married with all pomp and ceremony in the Church of St. Augustine. As corresponding to a wedding of that rank, the couple received innumerable gifts. But nothing was like the gift of the groom that he gave to his new wife: a superb palace a few meters from the exclusive Avenue Alvear, in the neighborhood of Retiro, which to this day still surprises…

The charm of Buenos Aires – It is still Paris in South America

Palace in a window in the centre Buenos Aires
image of Palacio en Buenos Aires
Properties for sale in Buenos Aires are 33 percent cheaper than in other capitals of South America Culturally diverse, artistically exciting, gastronomically delicious, religiously tolerant amid a friendly atmosphere. Buenos Aires literally open to “good airs” to ventilate and oxygenate the city Whether you are thinking about buying a second home or to live in Buenos Aires as a retiree, this is the perfect time to buy a property. The elimination of exchange restrictions has opened up all markets…

Hume Palace was built for a Scottish Railway Magnate in Alvear Avenue Buenos Aires

Alvear Avenue is emblematic of the elegance of Buenos Aires. The street contains an important collection of architecture from the 1900’s. In the first period, right up to the country’s first centennial, it was a street lined with Italianate villas or Victorian mansions with lush gardens. Then in the 10’s and 20’s, almost everything was replaced by private hotels of great size, inspired by the French architecture of the seventeenth and eighteenth centuries, as evidenced by the…

Brazilian Book Review: A Biography

For many non-Brazilians, the country is a land of contradictions: vast natural resources and entrenched corruption; extraordinary wealth and grinding poverty; beautiful beaches and violence-torn favelas. Brazil occupies a vivid place in the American imagination, and yet it remains largely unknown. In an extraordinary journey that spans five hundred years, from European colonization to the 2016 Summer Olympics, Lilia M. Schwarcz and Heloisa M. Starling’s Brazil offers a rich, dramatic history of…

Paraguay – Reasons to Invest and live there

Paraguay recent election results have confirmed the business-friendly environment will continue. Paraguay produces the highest per capita surplus of electricity worldwide from the Itaipu Dam giving it a stable income base that is even stronger than its agricultural exports. Construction Details The course of the seventh biggest river in the world was shifted, as were 50 million tons of earth and rock. The amount of concrete used to build the Itaipu Power Plant would be enough to build 210 football stadiums…

Buenos Aires has become one of the most admired cities in the world

Buenos Aires has become one of the most admired cities in the world due to its ability to reinvent its streets and public transportation. In 2014, Buenos Aires won the Sustainable Transport Award for giving Avenida 9 de Julio, the widest avenue in the world, a transport and pedestrian makeover. Four years later, how are these interventions for improving the quality of life in Buenos Aires? The implementation of transit on Avenida 9 de Julio translated into shorter trips for those who used public transport because…

Osorno Chile – A Center for Agricultural and Pastoral Farming

Osorno Chile – The Center for Agricultural and Pastoral Farming Osorno Chile is most of the most popular regions for pastoral and cropping farming in Chile that Gateway to South America-Chile specialises in. It is an important agricultural center, with agriculture making up the bulk of the Osorno province’s economic activity. Wheat and oats grow abundantly, but the land is also well-suited to the breeding of Chilean horses and cattle. Some of Chile’s finest beef products originate in the Osorno…

A Buenos Aires Weekend Hideaway

A SPRING AFTERNOON AND EVENING AT DOS RIOS The preparations for a visit to Dos Rios always follow a similar pattern, particularly packing up the cool box. What might one forget? Did we leave wine, vodka, and lemons from the last visit? The caretaker Beto picks us up from the dock on the mainland – sometimes the water is like silk, sometimes it is choppy from all the passing boats if lovely weather beckons the Porteños out to the Delta. Boats of all shapes and sizes bob and rush about on the river, and a…

Economic Snapshot for Latin America – Nov 2018

Recovery stalls in the third quarter Incoming data suggests that the Latin American economy remained soft in the third quarter. Focus Economics estimates that regional GDP growth (excluding Venezuela) remained broadly unchanged, inching up from Q2’s 1.7% to 1.8% year-on-year. The second quarter’s result had marked the worst performance in one year as shocks in major-players Argentina and Brazil held back growth. Preliminary data revealed that growth was stable in Mexico in the third quarter. The…