Buenos Aires New Construction Permits Down 34% Compared to 2011

Patrick Archer aruba, buenos aires events, real estate

Currency conversion controls that have cooled the purchase of new and existing residential units in Buenos Aires are also forcing some developers to rethink breaking ground on new projects or expanding existing buildings, according to new data from the Ministry of Urban Development. Clarin’s Gustavo Bazzan says Buenos Aires new construction permits in the first quarter of this year were …

Buenos Aires Real Estate Sales Up 13% In March

Patrick Archer real estate

The number of real estate transactions closed in the Buenos Aires Province rose 13% in March, a positive indicator that could boost confidence and serve as a harbinger of a turnaround for the City of Buenos Aires in March as well. The number of real estate sales in Buenos Aires Province was 10,558, a 13% increase over the 9,306 closings …

Buenos Aires Real Estate Closings Decline for Third Consecutive Month

Patrick Archer aruba, real estate

Real estate sales in the City of Buenos Aires fell for the third consecutive month, as the local market continues to feel the impact of US dollar currency controls imposed November 1 of last year. Closings in Buenos Aires in the month of February were down 18% compared to February 2011, according to the new report from the Buenos Aires …

Global Grape: US Malbec Consumption Approaching Argentina Levels

Patrick Archer agribusiness, competitiveness, lifestyle, wine & vineyards

Yesterday, for the second consecutive year, celebrations were held in 45 cities and 36 countries to toast Argentina’s signature grape. For Argentine wine makers and exporters, a few toasts of gratitude must have been raised for US wine enthusiasts who now consume almost as much Malbec as Argentines, according to a new article in Cronista. Nuria Rebon  charts Malbec’s meteoric rise: …

Brazil Real Estate Prices Much Higher Than Argentina, Uruguay

Patrick Archer aruba, average prices, competitiveness, global rankings, lifestyle, real estate

At least, that’s the reality when comparing the average price per square foot for real estate in the wealthiest neighborhoods in both countries. Lopes, Brazil’s largest real estate broker, carried out their annual study which ranks Brazil’s Top 10 most expensive real estate markets beginning with 1.) Ipanema in Rio and Brazil’s Wall Street, 2.) Leblon where average prices have reached a …