Real Estate
Real EstateMexican billionaire buys 44 million USD townhome in New York
Mexican billionaire Carlos Slim real estate firm paid 44 million US dollars for a town-home on Manhattan’s Fifth Avenue, adding to his property holdings in New York.
Chile’s most expensive properties cost around 3.700 USD per square meter
The most expensive residential buildings per square meter in Chile are located in the Metropolitan Region’s boroughs of Las Condes and Vitacura. In these areas, properties prices are double that of other boroughs such as Ñuñoa and downtown Santiago.
China’s manufacturing expansion slows prompting world markets’ reaction
China’s manufacturing expanded at a slower pace than estimated in May, prompting stock declines across Asia. The Purchasing Managers’ Index fell to 53.9 from 55.7 in April, the Federation of Logistics and Purchasing said in an e-mailed statement on Tuesday.
Construction Activity Picks up in Chile for the First Time Since December 2008
Construction activity increased for the first time since December 2008, according to the Monthly Construction Activity Index (Imacon) released by the Chilean Chamber of Construction this week. The Index shows an increase of 1.4% from March 2009 to March 2010, reflecting a rise in employment and demand.
Cuba Boosts Tourism Industry and Plans to Develop “Virgin Regions”
Cuba received a record one million tourists in the first four months and announced a policy of “real estate development” associated with boosting marinas, golf courses and other tourist investments, mainly in “virgin regions”.
Buenos Aires City surrounded by two million Argentines living in shanty towns
Over two million people live in a thousand shanty towns in the surroundings of Argentina’s capital Buenos Aires in conditions of extreme marginality and precariousness, according to official data released by the weekend press.
Real Madrid and Barcelona the world’s richest soccer teams
According to this year’s “Football Money League” report from Deloitte, some soccer clubs — such as British teams Arsenal and Chelsea, specifically — are falling down on the job when it comes to pricing their exposure with sponsors. The annual report ranks and analyzes international teams by their revenues, and breaks out sponsorship and advertising income.
Buenos Aires real estate market recovering from worst year in a decade
The metropolitan Buenos Aires real estate market closed 2009 as the worst in the last ten years with the number of registered sales below the 2001 level. The good news however is that for the first time since the last quarter of 2008, December registered the first year-on-year advance.
China acts to prevent real estate bubble from developing
Chinese property prices rose at their fastest annual rate in 18 months in December according to official figures referred to the country’s 70 large and medium-sized cities. Real estate prices rose by 7.8% from a year ago - up from the 5.7% annual rise seen in November and renewing fears that an asset bubble is developing.
Housing sales up 13% in Greater Santiago area
House and apartment sales in the Santiago Metropolitan Region have increased by 13.1% compared to 2008, the Chilean Chamber of Construction announced last week.
