Argentine Land Law Limiting Foreign Ownership Remains Unclear

[soliloquy id=”20591″] Almost three years after being approved, an Argentine law meant to quantify and limit foreign ownership of land is not being enforced due to the fact that provincial governments never completed their territorial audits. Law 26.737, the Law of Lands (Ley de Tierras) approved by Congress in February 2012, sought to cap the total foreign ownership of national …

Buenos Aires-Colonia Bridge Construction Agreement Signed

[soliloquy id=”20407″] Plans for a 43-kilometer bridge spanning the River Plate and connecting Argentina and Uruguay took a giant step forward today with the signing of a construction agreement. The Argentina/China Chamber of Commerce (ACC) signed the agreement with China Dalian International Group (CDIG), the Dalian-based engineering and construction company that specializes in large-scale infrastructure projects outside of China. The signed agreement …

Uruguay President Mujica Courts More Finnish Forestry Investment

[soliloquy id=”20570″] Uruguay President Jose Mujica is in Helsinki this week encouraging Finnish investors to double down on a country and a sector they have dominated in recent years: Uruguay cellulose pulp production. Yesterday President Mujica and a large delegation of Uruguay government officials met with senior executives at the Helsinki headquarters of UPM, the company that operates Uruguay’s first …

Some Buenos Aires Residential Rentals Rise 39% In One Year

[soliloquy id=”20263″] Residential rents in some Buenos Aires neighborhoods have risen 39% over the past twelve months, as property owners attempt to keep pace with inflation through rent hikes and semi-annual adjustments. Capital Federal Rents Rise Almost 40% In One Year is the headline of today’s article in iProfesional detailing the new double-digit data from the City of Buenos Aires Statistics …

Slowest July In Recorded History For Buenos Aires Real Estate Market

[soliloquy id=”20122″] July was the coldest month of the year in Buenos Aires in terms of temperatures and real estate activity. New numbers released today by the BA Notary College show sales are flat and peso-denominated prices are soaring as the Argentine peso is now trading at 14.25 to the dollar on the informal market. The total number of real …