MercadoPago is the most extensive online payment network in Latin America
Thanks to the digital revolution, many people now participate in e-commerce via their mobile phones. Online payments are becoming increasingly important. MercadoPago, the largest Latin American online payment network, was launched in 2012. MercadoLibre, an e-commerce marketplace and online bidding site, found it. It allows users to send and receive online payments safely, efficiently and quickly. Apps allow companies to charge customers in different ways: via email, social networks or websites, mobile applications,…
Real Estate Prices in Buenos Aires are starting to rise
Real estate prices are rising again after one of the worst drops in living memory. This indicates that the prices have hit the bottom and the “rebound” effect has begun. Despite the worst buying and selling period in 20 years, property values are recovering and overcoming the crisis. According to a Buenos Aires College of Notaries report from July 2018, 3,357 homes removed their for sale signs from the facades and completed the planned transactions. Since 2023 started, these properties have already…
Consolidation of South American meat processing plants
Minerva Foods was the biggest exporter of beef in South America. It will take control of a San Luis unit in an operation worth US$ 1.5 billion for it and 16 other Marfrig Global Foods plants in Mercosur. Minerva Foods controls Swift in Rosario. Swift Argentina In Mercosur, the Brazilian company Minerva Foods, the biggest exporter of beef in South America, now controls 16 refrigeration plants owned by its rival, Brazilian Marfrig. Argentina, where they bought an establishment, will consolidate their number one…
Argentina’s Economy Report 2023
What’s in store for Argentina’s economy? The Argentinian economy is going through turbulent times amid hyperinflation, a crumbling peso, a brutal drought hitting agricultural output, and general elections scheduled for October. Our country report cuts through the uncertainty with focused written analysis, tables, charts and forecasts from over 50 expert analysts for dozens of key economic indicators. About FocusEconomics FocusEconomics is a leading provider of economic analysis and forecasts for over 200…
How landlords and tenants survive in a country with 100% plus inflation
Landlords and Tenants in Argentina are between a rock and a hard place. There is a substantial rental property shortage caused by an incompetent government that made laws that made it so unattractive for Landlords to rent properties that many choose to short-term their properties using tools like Airbnb. Hopefully, a new government will change these, making the market more stable. The Chamber of Deputies passed a bill this week that proposes, to put it simply, to restore some of the controversial aspects of…
Argentina’s likely new President intends to snap the current oppressive farming taxes and privatise the state oil company.
Javier Milei – the libertarian candidate in Argentina’s Presidential Election – would remove state interference from Argentina’s massive farming industry, resulting in a boom in exports and foreign investment. Milei, a free-market advocate, promised to dismantle the policies that have prevented agricultural investment in this century. Milei would eliminate export tax quotas and unify the foreign exchange rate. He also wants to stop direct interference in food prices. On Wednesday, Milei…
In a Real Estate Market frozen by the PASO Elections in Argentina, real estate companies have launched a portal to reduce advertising expenses.
The real estate market in Argentina is going through one of the worst crises in its history. To the adverse scenario is now added the electoral climate that generates total paralysis in purchasing and selling properties. In this context, the Buenos Aires College of Brokers launched its portal. This platform seeks to compete with Zonaprop and Mercado Libre and reduce the expenses of real estate companies currently in the red. Unlike other sites, the platform, which serves the 8,500 enrolled at the Real Estate…
Javier Milei, a far-right libertarian, won the Argentine primary elections.
The La Libertad Avanza candidate seeks to abolish the Central Bank in its present form and adopt the US dollar as the country’s currency; he received 30 per cent of the vote in the presidential election. A far-right Libertarian candidate won Sunday’s presidential primary in surprising support for a politician who wants to adopt the US dollar as Argentina’s official currency. Congressman, economist and former television commentator Javier Milei, 52, achieved 30 per cent of the votes after 96…
Why South America should be considered a Preferred Investment Destination
GTSA principal Geoffrey McRae has lived and owned real estate in South America since 2003, so he has his own views of its opportunities and risks. He founded the real estate group under the Gateway to South America brand covering Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, so he has seen the benefits and challenges of operating in each country and market. In his opinion, business success in the region relies on the ability to understand the countries’ histories, their business customs and learn…
Investors are starting to notice that Latin America has the commodities to become this century’s super producer
White crystals cover the ground near the Atacama salt flats in Chile. Below the surface are vast lithium salts deposits, the ore used to produce the light, soft metal needed for high-capacity battery production. Pumps operated by sqm, the world’s largest lithium salt producer, vibrate as they draw up mineral-rich brine. The liquid in evaporation pools is a patchwork of blue and emerald on the bright crust. This operation begins a chain that ends with the lithium batteries used to power electric vehicles.…
Properties in Buenos Aires for Sale. The answers to 12 key questions that reveal if this year will be a good time to buy
The future of prices, where there are opportunities, the investment in a new builds, the progress of money laundering and the future of rentals, some of the dilemmas that worry those who seek refuge from their investment in bricks. After going through one of the worst moments in the history of the real estate market in Argentina. the sector closed 2022 with some indicators that generate hope. In concrete data, with the number of deeds reached in November in the city of Buenos Aires, everything indicates that…
The Rules for Remote Working in Argentina
Know Before They Go The global tendency of remote working combined with Argentina’s current economic distress makes the City of Buenos Aires a tempting destination for those who can live distant from their employer. Clients frequently consult us on remote work arrangements, and we thought this primer would be a useful first step toward understanding and planning for certain risks that may not be evident at first glance. Low living costs in a vibrant, cosmopolitan city in a privileged time zone tempt employees…
High-Value Property Marketing “The case for pre sale offers”
There are many different methods available for the marketing and sale of specialised high-value properties in addition to the traditional real estate listing arrangements of auction and tender type formats. There are advantages, disadvantages and tradeoffs associated with every marketing approach, and the best strategy for marketing and selling a specific property will vary based upon the ownership objectives and the particular property. One approach, which can be optimal in certain instances, is private, pre-marketing…
Is the the USD doomed as a world reserve currency?
The United States has benefited enormously from being the World’s Reserve Currency because much of the world still uses the dollar for international trade. This is because foreign governments must hold USD in their foreign exchange reserves to settle international claims and intervene in foreign exchange markets. In addition, many emerging market countries like Argentina, Chile, Uruguay, Paraguay and Peru use USD dollars for capital goods. ie housing, commercial property, imported cars, commodities…
IN ARGENTINA THE UPPER CLASS DOMINATED RURAL LAND OWNERSHIP
Unlike English Colonial expansion to what now is called the Commonwealth Countries, which were mainly colonised by the middle and lower classes, Argentina was dominated by upper-class immigration for farming. Towards the end of the 18th century, the ruling class consolidated its position, commonly called “Argentines oligarchy”. It is a group of families who own massive amounts of land, dedicated, especially, to livestock production, in the humid Pampa of Buenos Aires, as well as financiers and large…
