South America Real Estate News

  SANTIAGO (Dow Jones)--Chilean shopping center developer Parque Arauco S.A. (PARAUCO.SN) agreed to sell its 30% stake in Argentine mall operator and developer Alto Palermo to its partner in neighboring Argentina, IRSA Inversiones y Representaciones S.A. (IRS, IRSA.BA), for $126 million, the company said Thursday.

The picturesque, sleepy Uruguay town of Punta del Este represents a unique opportunity for savvy investors. Boasting affordable real estate, a remarkably high standard of living, and a party season each summer that transforms the town into a prime spot for South America's rich and famous, Punta del Este is primed for a real estate boom. See the following post from Daily Wealth for more on th [ ... ]

  Venezuela will pay off more than $4.6bn (£2.8bn) in debts owed by its state-run oil producer in an attempt to boost its slowing economy.

  Hailed as the “Switzerland of the Americas”, the once undiscovered Uruguay is now a popular tourist destination.  Its attractive cities, beautiful, laidback beaches, and the country’s overall affordability are enticing many suitors.  Wanderers and pensioners are beginning to cast lustful eyes towards this small South American country.