On Arroyo Street: there is a new luxury hotel in Buenos Aires in a historic building
The Mihanovich Building, where the once elegant Sofitel hotel once operated, will reopen its doors in January as a new luxury hotel: Casa Lucía. For 15 years, the iconic Sofitel hotel stood as a benchmark of elegance and luxury in the Retiro neighbourhood. On the imposing Arroyo Street, full of art galleries, design shops, restaurants, award-winning bars and embassies, this iconic establishment marked its presence in one of the most impressive historical buildings in the city. After the Cabezas family failed…
Italian Chocolate company Ferrero focuses on Chilean hazelnuts with a US$330 million new investments
Nutella and Ferrero Rocher’s parent highlights its long-term commitment to Chile, experiencing a boom in hazelnut planting. According to Diario Financiero, data shows that hazelnut plantings in Chile have multiplied ten times in the last decade and now account for the fourth-largest area of any type of fruit tree in Chile. Many people are unaware that a percentage of these hazelnuts will support the international production of brands like Nutella, Kinder Bueno and Rocher chocolates – all of which are…
With the change in political direction, there is a boom in Buenos Aires Residential Sales with a 53% increase
The sales registered in October are positioned as the highest in the last six years. November is expected to be even higher. October was a month full of uncertainty and expectations due to the elections. But far from applying a wait-and-see policy and waiting to define who would be the next president of Argentina to try to predict how the market could evolve, the people kept the real estate market more active than ever. So much so that in October, 4,559 properties were registered, a record that can be read…
Libertarian Javier Milei to become Argentina’s next president
The ruling party’s presidential candidate, Peronist and current Minister of Economy of Argentina, Sergio Massa, acknowledged on Sunday the victory of his libertarian and far-right contender, Javier Milei, in the second round of elections in the country. The candidate of Libertad Avanza surpassed Massa in the ballotage by almost 8 points. The support received in the country’s interior, especially in Córdoba and Mendoza, was decisive, it was reported. Almost 50 minutes before the time announced for…
Five romantic restaurants in Buenos Aires that are perfect for a date night
Buenos Aires should be at the top of your list if you want a romantic getaway. There’s something about this city that just oozes romance. Maybe it’s the tango music that fills the streets, or perhaps it’s the picturesque architecture and charming cobblestone streets. But I think what makes Buenos Aires so romantic is its residents’ passion and energy. From the way they talk with animated gestures to the way they devour their meals, everything about Buenos Aires is done with a passion…
Chile: The Gateway To Latin America For Australian Business
Chile is well known as a regional favourite for Australian businesses looking to make their first moves into the Latin American market. Though the region overall is showing signs of impressive growth and a number of regional powers are emerging, Chile remains a firm favourite for Australia’s ambitious companies. Strong bilateral connections, close geographic proximity and similar economic strengths make Chile an ideal destination for Australian entrepreneurs. Chile: A Top LATAM Investment Destination Chile…
The hard facts about Paraguay – FAQ for the new investor
PROFILE: Geography Area: 406,752 sq. km. (157,047 sq. mi.); about the size of California. Cities: Capital–Asuncion (pop. 518,945). Other cities–Ciudad del Este, Concepcion, Encarnacion, Pedro Juan Caballero, Coronel Oviedo. Terrain: East of the Paraguay River there are grassy plains, wooded hills, tropical forests; west of the Paraguay River (Chaco region) is low, flat, marshy plain. Climate: Temperate east of the Paraguay River, semiarid to the west.People Nationality: Noun and adjective–Paraguayan(s).…
San Telmo in Buenos Aires, a neighbourhood that was among the least profitable for investors, has changed
In a few months, San Telmo went from being an unprofitable option for investors to being one of the neighbourhoods with the highest returns; the reason for this change. In the heart of Buenos Aires, the San Telmo neighbourhood surprised locals and strangers with a notable change in the profitability of its apartments. From going unnoticed as a less profitable option, this historic corner became the new protagonist of the real estate game, offering opportunities that few expected. Until a few months ago,…
The United States made official the opening of the market for Paraguayan meat
After a long wait, the country obtained the authorization of the US market for Paraguayan meat. This achievement represents not only a milestone that will positively impact the country’s economy but also projects that the product is of quality and competitive in the international market. President Peña said, “the United States reopens the market to Paraguayan meat after 25 years.” At the same time as highlighting that it is an important fact for the country’s meat sector, it occurs after surpassing…
Economic stability draws the attention of more Chilean investors
Exploring new markets and strengthening the bilateral relationship are among the central points of the visit of the Paraguayan delegation to Chile. The Minister of Industry and Commerce, Javier Giménez, commented that the Paraguayan delegation in Chile, led by President of the Republic, Santiago Peña, Its objective is to strengthen the economic relationship between both countries, mainly around meat exports, and to explore new trade agreements and possible Chilean investments in Paraguay. The head of the…
Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: What do they know?
The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments. Data released by the Central Bank of Uruguay (BCU) shows that at the end of 2022, there were 67 portfolio managers and 106 investment advisors in the country. This is an increase of 10 from the previous year. Portfolio managers are legal…
Montevideo is the most expensive city in Latin America, according to a study by an Argentine university
The Torcuato Di Tella University, together with Zonaprop, a real estate website, prepared a real estate report in which they ranked the most expensive cities to live in Latin America, in which Montevideo appears as the most expensive of all. According to the report, the Uruguayan capital tops the list with US$ 3,054 per square meter, followed by Santiago de Chile, Mexico City, Buenos Aires, Rio de Janeiro, Sao Paulo, Monterrey and Lima. The most affordable cities per square meter are Bogotá (US$ 1,108/m²)…
China’s leading property company again in financial trouble: debt of US$ 328 billion
Trading of shares in Chinese property giant Evergrande and its two subsidiaries was suspended in Hong Kong on Thursday. A market statement on the Hong Kong Stock Exchange did not explain why trading in Evergrande Group’s securities and share certificates of Evergrande Property Services Group and Evergrande Electric Vehicle Group was halted. However, the suspension came after Bloomberg News reported that Evergrande’s Hui Ka Yan, also known as Xu Jiayin, was being held by police under “residential…
Our View of the Latin American Real Estate Market in 2023/4
An improvement is expected in 2023 in the real estate indicators for the region, mainly the offices. Hybrid and plug and -play will continue to be the trend. There will also be an increase in stability and availability of rental properties, as well as a positive absorption. In the case of industry, there will be a continuation of healthy inertia along with an optimistic projection. According to the 2023 Outlook of the real estate markets, compiled by Newmark Latin America. This analysis highlights that Argentina,…
Uruguay ranked among the best countries for investing
According to one of the world’s leading financial magazines, Uruguay remains “a haven of stability in a volatile region.” The report featured experts’ opinions in a regular survey, who were asked to evaluate 174 countries quarterly. The British magazine Euromoney delivered a report “providing a useful measure of relative risk for investors around the world,” according to which “Uruguay is the 18th safest country on the planet” and “the safest country” in Latin America to…
