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…

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…

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. …

2023 Survey says Uruguay offers favourable conditions for investors

Uruguay brought in 3 billion 675 million dollars in foreign direct investment in 2023, according to a report from the XX Uruguay Institute, which recorded a positive situation among foreign companies in the country. Last year there were 47 investment announcements, of which 33 were new and 14 were mergers and acquisitions, according to the report. In addition, 706 initiatives were received within the context of the Investment Law Enforcement Commission, for an amount of 1 billion 194 million dollars. Also according…

11 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 challenging market. Your ability to buy the best properties that tick all your boxes comes down to your relationships 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. Ask to be on their mailing list if you are not already. Tip 2: Buy when you can afford to…

Brazil’s economic study highlights Paraguayan expansion

According to the new projections of the Brazilian Center of Economic Studies Fundación Getulio Vargas, Paraguay will grow the most this year, with an expansion of 3.9%. Uruguay and Mexico follow. Another positive fact for Paraguayans is that the country remains in an area considered favourable for business. According to the indicator released yesterday, the business climate in Latin America reached its best level in the first quarter of 2024 in the last 11 years. The so-called Economic Climate Index (ICE)…

What are the restrictions on buying farmland in Uruguay?

1: Current Real Estate Ownership Restrictions in Uruguay Can foreigners own and occupy real estate in Uruguay, including shares in property-owning companies? Are there any restrictions? By Uruguayan law, any individual or legal entity may own real estate regardless of nationality or place of incorporation. However, specific regulations for agricultural land and rural exploitations require owners to be individuals or Uruguayan corporations with registered shares owned by individuals. Authorization from the Executive…

Selling or buying properties in remote locations

Sellers face many of the same challenges as buyers do. Still, given current market conditions in many South American markets where we operate, we are finding the market is slow for remote properties. They are often owned as second or third investments outside their home location and are only visited once or twice a year. Each Seller’s motivation clearly varies. However, there is a broad spectrum of Sellers, from those content with fair market value and others who really don’t care what fair market value…

A Snapshot of Uruguay Agricultural Opportunites

Uruguay is one of the most reliable countries for doing business in one of the world’s leading economically attractive regions.A solid track record and its high potential to improve and develop regional business are just some of the reasons whyglobal and regional companies choose Uruguay as a hub. Agribusiness Uruguay offers attractive investment opportunities in several sectors, including dairy, meat, grains, oilseeds, fruit and wool. These industries are highly competitive and export-oriented,…

The British World and its role in the relationship between New Zealand and the South Cone of South America 1820 – 1914

This research article traces the little-known relationship between New Zealand and the Southern Cone countries of South America that existed between 1820 and the First World War. While New Zealanders were found throughout Latin America in many occupations, undoubtedly because of the established British presence, the links with the Southern Cone were particularly extensive. The basis of the relationship, which promised then to be ongoing, was the movement of ships, goods, people, animals, plants, know-how, technology…

Climate Changes starts to bite in the nut industries

The influence of climate and weather on human societies is already apparent to the world’s rural populations: inclement weather can result in failed harvests, higher food prices, unrest, and unrest leading to revolutions. Syria is a good example. The increasing effect of climate change should be a warning to all agricultural investors. This is doubly true for climate-sensitive tree crops, most notably almonds, considered the cannery in the coal mine. Almond trees: fragile flowers Almonds are the fragile flower…

How to buy a property in URUGUAY

How to buy a property in URUGUAY Buying a property in any country abroad can be a daunting thought. Especially with all the different rules and procedures each one has. We’ve set out here an easy step-by-step guide to the essentials when looking to buy in Uruguay. Firstly you will want to consider where to live or buy a property, as the location is critical. When looking at Uruguay, you must consider the location and weather carefully. Published annual rainfall can be misleading as although the annual…
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