Issues that should be addressed before considering the sale of a rural property to avoid an extended sale period

Consider carefully the following issues before putting a farm or piece of land on the market if you don’t want to experience delays, which can cause the property to become stale and develop a negative reputation. Legal and Administration Issues Most importantly, for properties with multiple ownership, all shareholders must be on the same page regarding selling and the expected price level achievable based on an independent valuation ( don’t ask brokers competing with each other for the listing for that…

Argentine libertarian President Javier Milei has introduced measures which are causing the USD to weaken domestically for the first time against the domestic peso

Just four months into office, President Javier Milei has achieved a critical feat in a country long ravaged by runaway inflation: stabilising Argentina’s currency. The peso has, in fact, not only stopped plunging day after day but is also rallying sharply in one key foreign exchange market—there are many of them here, a byproduct of the country’s web of byzantine rules—the blue-chip swap. The peso has soared 25 per cent against the dollar over the past three months in this market, which is used…

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

On May 8th, 1916, a large party was 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. The couple received innumerable gifts corresponding to a wedding of that rank. 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 neighbourhood of Retiro, which still surprises many with its noble…

The 10 most important rules for investing in agriculture favour South America

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Rule 1. Only invest in investor-friendly countries: Agricultural investments require a medium to long-term view. A typical investment in mainstream agriculture will require 70-80% of your investment to go into the land. There is no need to add to these risks by going into countries where you put your capital at risk. This rules out most of Africa, Eastern Europe and parts of Asia. Rule 2. Countries with low, preferably no, subsidies for agriculture. Subsidies can be alluring because they can be seen as underwriting…

MercadoLibre now sells properties that can be paid with crypto

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The Mercado Libre e-commerce will allow real estate agencies to publish properties such as apartments, houses, land, lots and premises in Bitcoin. How the buying and selling of real estate in cryptocurrencies works. Today, Mercado Libre announced that it will accept property ads in cryptocurrencies . From now on, it will be possible to access properties with Bitcoin through the platform, and there will be an exclusive section of properties listed in cryptocurrencies. “We are always attentive to the changes…

Plácido Domingo show marks the reopening of the bullfighting ring in Colonia, Uruguay for cultural purposes

Spanish tenor Plácido Domingo was the leading attraction on Saturday evening before a crowd of 3,300 at the newly-refurbished San Carlos Bullfighting ring in the Uruguay city of Colonia del Sacramento.  Domingo, 83, appeared alongside soprano Virginia Tola and mezzo-soprano Nancy Fabiola Herrera as the Plaza de Toros Real de San Carlos Cultural Center was inaugurated over a Zarzuela Gala. Domingo had last been in Uruguay 28 years ago. A large group of Argentines crossed the River Plate for the occasion,…

What can happen if you buy a new apartment off the plans and the area is less than what you paid for

Many apartments in Argentina and elsewhere are sold off the plans (en Pozo), and usually, this goes smoothly. However, occasionally, there is a discrepancy between the m2 paid for and the number delivered. Sometimes, there are more and sometimes less. However, this Buenos Aires buyer did not take this lying down. He sued and won for the missing metres. Paola U. bought a department in the neighbourhood of Belgrano in mid-2011. When it was delivered, the property had fewer square meters than the construction…

Buenos Aires Administration actions off a range of residential, deceased estates which have no heirs

First auction of the year of homes without heirs in CABA with the offer prices with which they go on sale Most properties are apartments with a base value starting at $35,000. How to participate in the virtual auction Several Buenos Aires properties without heirs are auctioned online at bargain prices on May 8. Banco Ciudad offers savings investors an opportunity to invest in properties through an online auction. The Buenos Aires credit institution has set its first virtual auction of the year, featuring six…

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…

LATAM Airlines Re-Starts Direct Flights from Sydney to Santiago

LATAM Airlines is delighted to announce the reintroduction of direct flights from Sydney to Santiago four times weekly, commencing on 28 October 2024. This milestone significantly enhances connectivity, offering travellers daily direct routes between Australia and Latin America. LATAM’s commitment to reconnecting continents is evident in its expansion of services. In September 2023, LATAM Airlines restarted Melbourne – Santiago direct flights thrice weekly. With the addition of the four weekly direct…

Argentine Farm Entrepreneur: They have built an empire that employs more than 1,300 employees

With a focus on the diversification strategy of activities in Entre Ríos province, the Eggs family is involved in poultry, agriculture, meat, and dairy farming and ventured into hospitality. “I am part of the second generation of a family business founded 50 years ago,” introduces Hernán Eggs, 49 years old, with three children, and owner of the company Noelma. This leading Entre Ríos poultry business began in 1974 but later diversified into agriculture, beef and dairy farming, and the provision of…

Cuban Cigar producer Habanos says its cigar sales grew rapidly in 2023 to USD 721million dollars

Jorge Pérez, the Commercial Vice President of Habanos SA, Cuba’s principal tobacco exporter, has said that sales of the joint venture’s cigars rose by 31% to US$721mn in 2023.  He spoke in Havana during the twenty-fourth annual Habano Festival, attended by more than 2,900 participants from 108 countries this year. According to other Habanos executives, the growth largely reflected market recovery after the COVID-19 pandemic and the increasing demand globally for “limited and exclusive” high-end editions. …

Argentina’s Lithium Project Pipeline

Argentina, Chile, and Bolivia comprise the lithium triangle, which is thought to contain roughly half the world’s known lithium. According to the US Geological Survey, Argentina has 19.3Mt of the world’s 89Mt lithium resources. Bolivia (21Mt), Chile (9.8Mt), and Australia (7.3Mt) round out the top four countries in terms of estimated resources. Argentina, though, is set to see major growth in lithium production over the next few years. Argentina, the world’s fourth largest lithium producer, is expected…

Argentines and foreign investors are gaining more confidence that a strong recovery is possible soon

President Javier Milei expressed that the Government has various reasons for optimism. He highlighted positive survey data despite the severe economic recession and asserted that Argentina will experience a robust economic recovery once the stocks are opened. In addition, the President stated that although 70% of Argentines acknowledge their current struggles, there is an essential factor to consider. He mentioned that at the beginning of their mandate in December, only 20% of Argentines believed that their…

The story behind the Argentine lifestyle neighbourhood that many Americans choose to live

In Salta, there is an area that Americans fell in love with; A closed neighbourhood was built there where many foreigners choose to live, even permanently. Cafayate is a place that conquers any Argentine who visits it and also captivates citizens of the United States . Surrounded by multicoloured mountains, it is located in the heart of the Calchaquíes Valleys, 192 kilometres from Salta. In 2005, a real estate project began to take shape near this town. La Estancia de Cafayate is a gated community located…
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