South American Real Estate News
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The Vestey Meat Empire in South America

The Vestey Brothers were once the largest meat retailers in the world The company once controlled one-third of the refrigerated storage capacity in Britain and two-thirds of multiple butchers shops. It accounted for 20 percent of all meat imported into Britain. Origins and early growth William Vestey (1859 – 1940) and Edmund Hoyle Vestey (1866 – 1954) were born to Samuel Vestey, a Liverpool provisions merchant. William Vestey William Vestey was sent to Chicago to scout for opportunities in 1876. He was…

China’s Conquistadors Are Marching Across Latin America

When two elephants fight, it’s the grass that suffers. Or so says the old African proverb. But in Latin America, the grass seems to be doing rather well from the ongoing jostling between the US and China. In August El Salvador was the latest in a string of Central American countries to switch diplomatic relations from Taiwan to China. In Panama, US protests managed to prevent the opening of a new Chinese embassy on the mouth of the canal but with 26 diplomatic agreements signed in the last year, it is merely…

Fitch: Paraguay, only one step away from reaching Investment grade

The Fitch Investment Grading company improved Paraguay’s credit rating so it is now positioned only one category below investment grade. For financial analysts, this consolidates Paraguay’s international image in the investor world. The new rating of Fitch ratings, which was announced yesterday, is Paraguay in “BB +”. In 2017, Moody’s already ranked our country in the same category as its scale, while following two of the investment grades in the latest Standard & Poor’s…

Artificial Intelligence is replacing conventional Real Estate auctions

Artificial Intelligence auctions gain momentum as the first English commercial property is sold by gAbi, the clicktopurchase® AI auctioneer In October, the world of property auctioning witnessed a significant development, with the first property sale being concluded by an Artificial Intelligence auctioneer. The property in question was a house in Sweeney’s Terrace, Dublin, being sold by Allen & Jacobs. Offered at a guide of €250,000 (~£225,537), the property sold by way of a clicktopurchase® auction,…

Paraguay: A Hidden Gem in the Agrichemicals Market

Whenever agrochemical players think of the South American markets, Brazil will be the one that comes to mind. It became the world’s largest agrochemicial market a few years ago, but it is quite an elusive market to most players because obtaining technical-grade registration takes up to seven years. The second thing that comes to mind for those players who have contemplated a market entry into this region is risk. The region is known for unstable currency and high inflation rate. And for those in India and…

Are there no rights beyond survival in the world ?

The incessant clamor for rights and fairness no longer reaches just across society but winds back through world history. Past wrongs, too, must be put right. The appeals are invariably emotional. There is no analysis of the nature of the rights being asserted, the principle of fairness being established or who it is, that is responsible to put matters right. It’s enough just to make the claim. We live in an era when it seems the more rights the better and the more ways we can claim fairness the more civilised…

Is Socialism the Answer for South America Social Inequality ?

Socialism is entirely an emotional response to the world’s problems. Its great virtue is that it requires no thought. It is only the need to feel. There’s also no need to do anything. That’s the government’s job of course. Under socialism, the government owns the monopoly on doing stuff. Fixing things is not for individuals. That’s because only government has the necessary power and resources to put things right. Of course, socialism runs hard up against government having never fixed anything but…

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)…

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…

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…

Get South America Real Estate News on your phone with just one click

You can have a one-click connection to GTSA – News by simply downloading our icon on your phone.  We’ve created some simple videos to guide you through the process. Enjoy.  For iPhone users 1. Open Safari 2. Navigate to gtsanews.com 3. Tap the ‘Share’ button 4. Tap the ‘Add to Home Screen’ button 5. Give it a name and tap ‘ADD’ 6. Enjoy your new ‘app’. For Android users 1. Open Chrome 2. Navigate to gtsanews.com 3. Tap the menu with three vertical…

China must invest in Latin America for food security

China must invest overseas to ensure its food security, said speakers at the recent Asian Financial Forum. “China and India have to open to global markets like Australia, Africa, and Latin America, and invest in these countries’ agricultural production for food security,” said Fan Shenggen, the director general of the International Food Policy Research Institute. By 2020, China would need to import 100 million tonnes of grain each year, Fan said. Last year, it imported three million tonnes…

Paraguay: A Hidden Gem in the Agrichemicals Market

Whenever agrichemicals players think of the South American markets, Brazil will be the one that comes to mind. It became the world’s largest agrichemicals market a few years ago, but it is quite an elusive market for most players because obtaining technical-grade registration takes up to seven years. The second thing that comes to mind for those players who have contemplated a market entry into this region is a risk. The region is known for unstable currency and high inflation rate. And for those in India…

Paraguay, Peru and Chile star economies of 2018 and 2019: report

By 2019, the highest growth in the region is projected for the economy of Paraguay, with 4.3%, followed by Peru (3.9%) and Chile (3.7%), according to a report by BBVA Research. In Argentina, a “significant” recession is anticipated. The Latin American economy will grow 0.9% on average this year due to the weak performance of countries such as Argentina, Brazil, Mexico, and Uruguay, with which the expected recovery of the region will be postponed until 2019, the report said. The new projection of the Spanish…