Real Estate News Blog February Archive

Real Makes Brazil Dollar Beater, Haven for Capital (Update1)

By Art C Ryter at 02/06/07 18:55

The rise of the Brazilian Real against the U.S. dollar has made Brazil an expensive travel destination. Money flowing into Brazilian banks because of high interest rates and rapid appreciation is affecting export prices on items from sugar to Volkswagen cars. Brazilians however, taking advantage of their currencies value, are traveling to Argentina and Chile for wine tasting.

Original source: Bloomberg. Real Makes Brazil Dollar Beater, Haven for Capital (Update1)

Glitz is back at South American summer playground

Punta del Este, Uruguay, known by people in the know as just “Punta” is experiencing a renaissance as the rich and famous continue to come to enjoy the miles of beautiful coast. Punta’s tourist population is diversifying with a greater flux of Europeans and Americans complimenting the traditional Argentine party atmosphere. As the city’s popularity grows, property prices and development are rising. A small price to pay for hob-knobbing with people like Ralph Lauren and Naomi Campbell.

Original source: Reuters. [404 Check: was link to http:/ / today. reuters. co. uk/ news/ articlenews. aspx?type=reutersEdge&storyID=2007 -02 -05T135049Z_ 01_ NOA549510_ RTRUKOC_ 0_ URUGUAY -PLAYGROUND. xml&pageNumber=2&imageid=&cap=&sz=13&WTModLoc=NewsArt -C1 -ArticlePage2, anchor: Glitz is back at South American summer playground]