Buenos Aires Real Estate Sales Surge 54%

SMI, the 2009 Real Estate Expo in Argentina, begins next Tuesday in Buenos Aires.

Real estate developers, interested buyers and a Bariloche-sized avalanche of real estate agents all converge on Buenos Aires next week for SMI 2009, one of the largest real estate expos in South America.

The third annual edition of SMI will showcase Buenos Aires condominiums, luxury homes, gated communities, chacras and coastal retreats in Argentina and Uruguay’s Tango Coast. And if this Dow Jones report detailing the recent surge in sales activity is any indication, there should be lots of bullish sentiment next week regarding the outlook for the real estate sector in and around Buenos Aires.

While sales are down about 18% for the first eight months of the year, new sales activity in August jumped to $490 million, a 46% increase over August 2008 and a 54% jump compared to July 2009.

These encouraging sales trends and others are sure to be addressed during the 2009 SMI Speaker’s Conference, “Argentina 2010-2011: The Socio-Political Panorama & the Future of Real Estate.”

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