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…
New Book: “Corruption in Argentina surpasses fiction”, and neighbouring Uruguay is the “perfect Swiss laundry” for funds
The book topping Argentina’s bestseller list is not a thriller or a murder mystery. It’s a crime story of another sort: a blockbuster about political corruption that suggests that bribery has been an integral part of the country’s body politic. And neighbouring Uruguay was also described as the perfect Swiss laundry for most of the money that was swindled from Argentina. As to Uruguay, no matter who’s president, the money laundering mechanism remains intact and ticking, Swiss efficiency. No…
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…
How Inflation Destroys a Civilisation
In 1971, President Nixon severed the final connection between gold and the U.S. dollar. Regular readers know that Bill has long warned of the unseen side effects of this decoupling. This was the rallying cry of what eventually became the largest fast-food strike in U.S. history. It all started in late 2012, when over 100 New York City fast-food workers walked off their jobs, demanding higher wages. Many made minimum wage. They were struggling to make ends meet as rent, utilities, medical care, and the overall…
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…
Doing Business in Latin America: Common Cultural Stumbling Blocks
Latin America expert Marcelo Baudino outlines the four most common cultural stumbling blocks doing business in LatAm. TCO International Director David Trickey sat down with Latin America expert Marcelo Baudino (Director of Iceberg Cultural Intelligence) to talk about Latin America: it’s scope, it’s surprising diversity, and what it takes to be successful working in the region. Iceberg is the leading Latin American consulting firm in the development of cross-cultural competencies and in the strategic…
Residential property prices are now global IMF warns
The world’s housing markets have become remarkably synchronised, according to International Monetary Fund research that warns that local property prices may be vulnerable to unexpected foreign shocks. A study of 40 countries and 44 major cities across advanced and emerging economies shows there has been a simultaneous upswing since the global financial crisis, driven by ultra-easy monetary policy and a pick-up in investor activity led by Amsterdam, Melbourne, Sydney, Toronto and Vancouver. The findings,…
GTSA – Marketing wins ‘Agricultural Real Estate Service Provider of the Year in Argentina for 2018’
Corporate INTL’s annual awards mark excellence for the world’s leading advisers and financiers in an array of countries and continents. GTSA has been once again chosen as the winner of the Corporate Intl Magazine Global Award ‘Agricultural Real Estate Service Provider of the Year in Argentina 2018’ How do the Corporate INTL Awards function? The awards commemorate those who have been successful over the past 12 months and who have shown excellence not only in expertise but in service.…
Understanding the Investment profile in Latin America – opportunities abound
Latin America’s biggest investment fund focused exclusively on the region has a message. “If you are seeking returns, go LatAm,” Javier Montero (pictured below), a fund manager with Moneda Asset Management SA, said in an interview at the company’s headquarters in Santiago, Chile. Moneda, with US$6.5 billion under management deployed in debt and equity from Mexico to Argentina, is bullish on the region over the next three years. The reason is a general political shift to a “more market-friendly…
Competition versus Cooperation and low-cost flights to South America
A New Opportunity for the Commercial and Vacation Traveler from the Oceania Air Hub to South America “Competition is always a good thing, it forces us to do our best while a monopoly renders people complacent and satisfied with mediocrity,” the US writer Nancy Pearcey once said. In Pearcey’s view on the matter, the low-cost airlines poised for take-off in Argentina will be a boon for travellers. Domestic and international airfares in Argentina are very expensive by comparison to Europe and North America…
Airbnb looks to Latin America, now its fastest-growing market
As Airbnb turns its attention to Latin America, the often-combative company is taking an unusual approach. It’s giving local governments what they want. The home and apartment-rental company said it will collect and remit taxes in Mexico City, the first such arrangement in Latin America. Airbnb will provide 3 per cent of revenue generated from bookings in Mexico City to the city’s government. Hotels there also pay a 3 per cent lodging tax to local officials. Airbnb said it intends to replicate the…
Airbnb exploring long-term Residential Rentals as an option
Airbnb has quickly become a favourite destination for travellers looking for somewhere to stay on vacation. Now the home-sharing startup is interested in doing the same for people who want to find a place to live. Airbnb is considering an expansion in the long-term rental business and has asked McKinsey & Co. to research the market, said two people familiar with the matter. The consulting firm’s work involves conducting competitive analysis of Craigslist, said the people, who asked not to be identified…
