South America Real Estate News

  With Colombia's reputation sullied by drugs, guerrilla wars and kidnappings, it is hard to view the country as a tourist destination let alone as a retirement haven. Yet, that is exactly what people who have fallen in love with Cartagena say about the coastal city. "Cartagena is a great place for retirement. I have met many Americans who live in the city and they seem very happy to be  [ ... ]

  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.

  Brazil has been thriving under Lula da Silva who introduced a number of crucial reforms that have led to lower unemployment, a higher PDI and encouraging GDP growth rates. The hosting of the 2014 FIFA World Cup and the Olympic Games in 2016 gives Brazil’s booming real estate market, as well as other industries, an additional boost. See the following article from Global Property Guide [ ... ]

  As far as economic indicators go, Chile’s stalled Costanera Center, the unfinished 984 foot tall tower in the heart of Santiago’s gleaming financial district, is harder to ignore than most. Construction of the tower, part of a US$600 million commercial real estate development overseen by Chile’s Cencosud S.A. (Santiago Stock Exchange: CENCO), stopped in January, 2009. However, a sign  [ ... ]

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.

MARKET OVERVIEW Over the past five years, prices in Cartagena have skyrocketed by as much as 300 percent—and even 600 percent in some cases, said Patrick Enste, general manager at La Heroica, a luxury travel and real estate company.

  Plagued by the global recession that has slashed both business and pleasure travel, the hotel market is suffering on an international level and investors have backed away from buying or building in most locations, with a few exceptions--like Brazil. According to a new report by real estate services firm Jones Lang LaSalle Hotels, the positive long-term growth forecast for Brazil is [ ... ]

  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. 

  Brazil president Luiz Inacio Lula da Silva is intent on helping the flagging Brazilian economy by injecting $15.1 billion into the housing industry. According to Bloomberg, the Brazilian government will build one million new homes for the country’s low income earners. Currently the situation is dire as local companies cut costs to weather the global crisis. The e [ ... ]