South American Real Estate News
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The Impact of Blockchain Technology on the Surveying Industry, Cadastre and Land Registry Systems

THE IMPACT OF BLOCKCHAIN TECHNOLOGY ON THE SURVEYING INDUSTRY, CADASTRE & LAND REGISTRY SYSTEMS … blockchain technology and land surveying – may seem unlikely partners at first. However, this new and exciting technology creates a cooperative and synergistic environment in which all information, data, and images from a surveying project can be gathered in a reliable, confident and immutable way. OUTLINE I. Introduction to Blockchain Technology II. Overview of the Surveying Industry III. Surveying…

GTSA Social Media Real Estate Marketing – How well are we doing ?

Disruption to traditional Real Estate Marketing Over the past five years, the way real estate is presented to clients has changed dramatically right around the world. In the past, you could put an advertisement in the local newspaper and expect the phone to ring. Property sold. Now that we have a global market place and so much immigration and migration between previously unconnected countries and locations, we have a new challenge. How to reach the attention of busy, stressed people, looking for a…

Why testing the market is a waste of time and money

In soft market conditions, I struggle to understand the motivation of some vendors who list their properties for sale but were unlikely to ever accept the reality of what buyers are prepared to offer.  The thing is I don’t really get why they would bother because it takes a lot of effort and a lot of their money to essentially just test the market. Why would anyone go through a campaign that lasts a number of weeks, costs a few thousand dollars, and requires keeping your property fastidiously clean to then…

Punta del Este in Uruguay: a magnet for financial events targeting millionaire investors

Investment banks from the United States and Switzerland have invited current and potential clients to breakfasts, lunches, and dinners such as at the Narbonne Estancia with economists and political scientists who are paid up to USD 4,300 for lecturing one hour about finance and the economy. They seek to find the ‘high net worth individuals which have from USD 1 million in liquids funds or family offices of ‘ultra high net worth’, which have from USD 10 million in liquid funds to invest. As…

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,…

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 very important. When looking at Uruguay you must consider location and weather carefully. Published annual rainfalls can be misleading as although the annual…

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)…

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…

HOW VULNERABLE IS THE $100+BN PROPERTY PORTAL INDUSTRY WORLDWIDE?

This is an article written for a New Zealand audience but the challenges and disruption that is causing some in their real estate industry to pause is also very applicable to the South American market which is very fragmented with a low level of transparency.  It was written by Alister Helm a licenced real estate salesperson and journalist.  “It was 5 years; almost to the month that Trade Me made its ill-fated blunder. A very costly blunder, a blunder that continues to hold strong memories within the…

Private Banking in Uruguay is undergoing drastic changes

International trading and investment banks that have offices in Uruguay and offer financial services are changing. After the sudden departure of the Royal Bank of Canada,  you can add the Crédit Suisse, Raymond James sales and many others.. Traditional banking, which provides loans and takes deposits in Uruguay has made several changes as has merger and acquisition specialists, offshore banking, private banking or giving investment advisory services and fund management. The Royal Bank of Canada (RBC), which…

Will real estate agents be replaced by robots?

It’s no longer a question of whether but rather when the real estate industry will be disrupted. Our way of selling and buying houses remains a pain point. California-based investment advisor Ross Gerber summed up what lots of us think when he said, “The real estate industry desperately needs … a transparent, predictable and liquid market that not only captures supply and demand dynamics but allows for expeditious, low-cost and hassle-free transactions. Such a market would increase activity,…

11 mistakes a new real estate sales person should avoid making

Anyone starting a new job is bound to make some mistakes along the way. Having said that there are some basic ones not to make. 1. Not choosing the best agency in the speciality you are interested in. Anxious to get their careers off the ground, many newbie agents often make the mistake of not choosing the best agency to work with. From a recruitment perspective, the biggest mistake would be choosing a less than ‘best in market’ agency to commence your career with. “You learn so much in your…

Construction in Punta del Este, Uruguay is at its lowest point in 12 years.

In the medium term, a recovery of the activity is not expected. Compared to Puerto Madero, the new construction price gap expanded to 70%. Despite having a large number of real estate projects available, especially in Punta del Este, the construction is stalled in the area and is, in fact, at the lowest level for at least 12 years. At the beginning of 2018 it was thought that the recovery of the activity would happen in the short to medium term and although there are some positive signs, nothing suggests that…

Technology and its distruptive impact on the real estate industry

What is the transformative impact of technology for Real Estate Brokers . “Real Estate Agents will not be replaced by technology …. they will be replaced by agents with technology.” – Peter Williams – CEO of Deloitte Digital The principle here is that the real estate industry is not in imminent danger of being replaced by a single technology solution that completely disintermediates the process and makes the role of the agent obsolete, but rather that the transformations in the industry…

A New Real Estate Marketing option for Independent Brokers and Vendors

We are offering a new option for independent brokers and private Vendors to market their real estate or Agricultural related businesses for sale  outside their home location For some time now GTSA – Marketing has been marketing individual properties or projects for vendors and independent brokers without being involved in the sales process. This is in response to the effects of disruptive technologies available to sellers. We do this where we have no licensed sales support in the area or region and/or…