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Ben Caballero Becomes the World’s First $2-Billion Real Estate Agent

2018 Sales Totaled Nearly 5,800 Homes for a Volume of $2.27 Billion Ben Caballero, the first Guinness World Record holder for home sales, broke his world record for an individual real estate agent, selling 5,793 homes totaling $2,270,911,643 in a single year. That’s according to data from local MLSs of the Houston Association of REALTORS®, North Texas Real Estate Information Systems, San Antonio Board of REALTORS® and the Austin Board of REALTORS®. Ranked…

A group of like minded movers and shakers, seek to position Buenos Aires as one of the top 20 cities in the world

The Government of the Buenos Aires has created the BA Global Council, which will integrate important city companies and references of culture and education to attract visitors, talent and businesses. The Government of Buenos One launched a strategy of international projection of the city, with the aim of positioning it among the top 20 in the world. The project aims to install it as a leading city to live, visit, study and do business, with the aim of making it one of the global capitals in quality of life,…

Argentina shifts to the left…and Uruguay to the right?

Sunday’s presidential elections in Argentina and Uruguay revealed an anti-incumbent mood in the electorate. In Argentina, voters punished Mauricio Macri, the market-friendly president, who dramatically failed to live up to his promises of economic growth. Across the Río Uruguay, Daniel Martínez, from the incumbent center-left Broad Front coalition in power since 2004, won a plurality of votes but will face a strengthened opposition in the second-round election next November, which he might lose. Regardless…

Transition in Argentina: Macri invites Alberto Fernandez to breakfast Monday morning at Government House

The victory of Alberto Fernández’s presidential campaign puts an end to the pro-business economic policies of Macri’s administration and a return to power of the ex-president Cristina Fernández  Cristina Fernández served as president from 2007 to 2015. By the time she left office, she was entangled in a string of court cases involving accusations of bribery, money laundering, treason, corruption and allegations that she had helped cover up Iran’s involvement in a terrorist bombing that prosecutor…

Argentina’s economy is collapsing. Here come the Peronistas, again

The peso is falling — and so, it seems, is the sky. Inflation and poverty rates are soaring. National reserves are shrinking fast. In short, Argentina — in a terrible deja vu of crises past — is hurtling once again toward the economic abyss. But on the bar stools and wooden chairs of Santa Evita, a grill house dedicated to Eva “Evita” Perón, the political heroine who died a Broadway-worthy death in 1952, the customers are retranqui, Argentine slang for cool and…

Argentina profile – Timeline

A chronology of key events: 16th century – Spanish colonisation of the River Plate coast and inland areas begins. 1774 – Spain settled the Malvinas Islands. 1776 – Spain establishes separate Viceroyalty of the River Plate. 1806 – First English Invasion of Buenos Aires. British force of 1,500 men under Colonel William Carr Beresford occupied the city, for about six weeks until surrendering in mid-August. 1807 ( July) – Second English invasion of Buenos Aires. The British…

Argentine and Brazil agribusiness have an “ecological surplus”

Economist Nicolás Torre, from the IERAL Institute of the Mediterranean Foundation, published an extensive thread on the social network Twitter, highlighting that both Argentina and Brazil have a positive “ecological footprint”. That is, they have more natural resources available than those they consume annually to survive. Torre’s report came in response to accusations against South America in recent weeks. First by The President of France, Emmanuel Macron, when he said that Brazil does not…

Speculation vs. opportunism – a dangerous difference

The ability to be flexible and reactionary appeals to many would-be investors. They like the idea of identifying an opportunity and seizing it with gusto, certain it will pay handsomely. I agree there are advantages to being quick on your feet when locking down an opportunity, but this sort of transaction should trigger a moment of self-assessment. When making the choice on whether to purchase, ask yourself, “Am I a speculator or opportunist,” because the differences between the two are dramatic with expensive…

Properties. Where are the most expensive and cheapest neighbourhoods in Greater Buenos Aires

Gran Buenos Aires ( B.A. Province ) is home to almost 10 million inhabitants and many differences in property values. The scenario in 2019 shows the lowest values in some localities in the South, and peaks in Northern such as San Fernando, with numbers coming to exceed the prices of the prefered points of the Capital. The difference between the two ends can be more than seven times. The data is derived from the publications made on the Zonaprop site. According to a survey of the portal, the most exclusive neighbourhood…

Mercado Libre Starts Accepting Payment in Bitcoin in Brazil

Mercado Libre decision to accept Bitcoin is a major breakthrough, as it gives legal status to cryptocurrencies. There are more than 3,000 stores or brands within Libre’s ecosystem in the region. Brazilians can now pay in Bitcoin for the goods they purchase through Latin American e-commerce site Mercado Libre. The online retailer has partnered with Atlanta, Georgia-based payment services provider Bitpay to enable the service on its platform. Mercado’s decision to accept Bitcoin is a major…

Latam Investor – Argentines Macri Miracle Ends in Default

When Mauricio Macri was elected in 2015 it seemed to herald a new era for Argentina. Now it looks like being more of the same. In August Buenos Aires announced that it would reprofile its debt. In effect it’s another default, with investors having to take a write down for having lent to the Argentine government for the fourth time in the last 30 years and the ninth time since independence from Spain. It’s a sad culmination to a presidency that began with such hope. When Macri came to power his early moves,…

Argentina economy needs Intensive Care to recover

Argentina’s President Mauricio Macri knew that he had inherited a sick economy when he took office in 2015 but failed to put in place the medicine. As a result, the country now has no choice but to face up to a period of painful structural adjustment. Imagine a man who has lived too extravagantly and eventually must go to the doctor for treatment of an acute disease, along with several other chronic conditions. The doctor prescribes a ten-day course of antibiotics, and advises his patient to start taking…

Potential new Argentine President Alberto Fernández is like a matryoshka doll, “you open it and out pops, Cristina, Lula, Chavez…”

Argentine primary winner, Alberto Fernandez is like the Russian mamushka doll, “you open it and out pops Cristina Fernandez, again you open it and out pops Lula, and again, Hugo Chavez”, said Brazilian foreign minister Ernesto Araújo. Money leaving Ezeiza after the shock election result Araújo joined president Jair Bolsonaro, and Finance minister Paulo Guedes is openly expressing their aversion to the current political situation in Argentina, and the possibility of a return to office of a ticket that…

Selling Exclusive or Unique Real Estate is a challenge in any market but none more so than in South America

  Selling Exclusive or Unique Real Estate is a challenge in any market but none more so than in South America Advice for the new broker looking to get into the Luxury  Property Market Ok, you’ve just taken your first million-dollar-plus listing. After celebrating your victory over the area’s top luxury agent, reality will no doubt begin to set in. If you don’t know the first thing about marketing high-end properties, you may wonder what you’ve gotten yourself into. You should be very worried…

Argentina’s beleaguered government imposes capital controls

Fear of a return of the authoritarian and highly corrupt previous Kirchner government provokes a market crash, forcing the president’s hand When Maurico Marci was elected president of Argentina in 2015, one of his first acts was to abolish capital controls that restricted buying and selling of the peso. The move symbolised Argentina’s pivot back to open markets and liberal economic reforms under his rule. On September 1st, after weeks of market turmoil, Mr Macri was forced to issue a decree reimposing controls…
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