Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $6.1 billion of total sales volume.
With the official start of summer this Memorial Day weekend, are you looking for an out-of-the-ordinary summer escape, away from the crowds? Well...there are some great ones!
The property division of Carrefour Argentina has opened Terrazas de Mayo, a new shopping centre valued at $29 million,
Central and South America's combined hotel development pipeline comprises 384 hotels totaling 62,958 new rooms.
Based on a new global retail report from Cushman & Wakefield, global trends remain positive for shopping center development.
Latin America is the most urbanized region of the world with nearly 80 percent of the population living in urban areas.
The average daily rate for a hotel room in Miami rose 9.6 percent in February to $220.95.
Easter Island may be the most mysterious place on Earth. Lying 2,300 miles away from Chile, the country that governs the island, it's the most remote populated island on Earth. Some 5,800 hardy souls live here now, descendants of the original Polynesian peoples (Rapa Nui) who first settled here.
Due to increasing large format retail store saturation levels in Santiago and growing numbers of people that are living in new residential areas at lengthy commuting distances from larger retail centers, mini-malls are fast becoming an important new retail sector segment. According to an article published in the Chilean newspaper Diario Financiero, approximately 26,000 square meters of mini-mall retail space entered the market in 2012.
According to STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for 2012. In 2012, the Americas region reported a 2.4-percent increase in occupancy to 61.5 percent, a 3.8-percent gain in average daily rate to US$108.53 and a 6.3-percent jump in revenue per available room to US$66.77.
In the face of Chile's favorable economic environment, new retail format potential and international opportunities, Chilean retailers have gone on the offensive. According to an article published in the Chilean business periodical Pulso, key Chilean retailers plan to make $7.143 billion in investments up to 2017.
The Chilean residential real estate sector looks set to ring in the new year on a festive note. According to the Chilean Chamber of Construction, it is projected that a record or more than 69,000 residential units will be sold in 2012, beating 2011 results by 18%. Residential demand has been primarily driven by the strong economy, which is currently expected to expand 5.7% in 2012, the second highest in Latin America behind Peru and the sixth highest in the world.