Buenos Aires New Construction Permits Down 34% Compared to 2011

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 …

Hoteles.com Announces Partnership with InvestBA.com

Hoteles.com, the online hotel reservation site that offers 149,000 quality hotels, B&Bs and apartments around the world, announces a business alliance with InvestBA.com, the leading online source for real estate investment opportunities in Argentina and Uruguay. According to terms of the agreement, Hoteles.com will offer InvestBA.com customers, the majority from the United States, Canada, Brazil and Europe, special discounts on …

Uruguay’s Time To Shine With North Americans & Europeans

“Will he or won’t he?”  That’s the question we posed on New Year’s Eve in our recap of the Top 10 Trends, Market Movers and Headlines of 2011. Will A Perfect Storm Impact Punta was #7 on the list, and we speculated about the negative implications for the Uruguay real estate market if President Mujica signed a tax transparency agreement …

Buenos Aires Real Estate Sales Up 13% In March, 77% Compared to February

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 …

Mendoza Struggling To Adapt Land Ownership Law to Local Realities

The first major deadline for Argentine provinces to comply with the new national law limiting the sale of Argentine land to foreign investors is fast approaching, and Mendoza authorities will definitely need more time, according to MDZOnline. Veronica Gordillo says there’s no way Mendoza can comply with the new law’s first mandate in the 60-day window allowed: the compilation of …