Argentina real estate investment drops 50 percent in Uruguay

Posted on November 5, 2012 • Filed under: Argentina, Business, Uruguay

According Cameras sector, the contraction is due to the fear of the Treaty of Tax Information Exchange between the two countries that ratify the Uruguayan Parliament before year end. Punta del Este, the most affected. Uruguayan real estate industry representatives presented a report last week in the Senate in ratifying the Argentina fall in investment in the sector, following the fear they create such a treaty, which could take effect in the coming months. Read Article

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