Despite Demand, Mendoza Real Estate Market Sees New Construction Pullback

Patrick Archer aruba, foreign investment, real estate

After several years of double-digit growth, the pace of new construction in Mendoza is slowing down according to Diario Uno’s Claudia Pagliarulo. The same factors that have prompted a pullback for developers in Buenos Aires are having the same effect in Mendoza including the rising cost of new construction materials and new currency controls making it more difficult for Argentines …

United Airlines Begins Non-Stop New York to Buenos Aires Flights Today

Patrick Archer buenos aires events, tourism, us companies

United Airlines just announced it will begin non-stop flights to Buenos Aires from its New York area hub at Newark International Airport today. The first flight (UA847) leaves EWR this evening at 9:50pm arriving Buenos Aires tomorrow morning at 9:35am. The eleven-hour flight from Newark replaces United’s non-stop service from Washington D.C. to Buenos Aires. United’s Newark to BA service …

Colonia Real Estate Soars Thanks To Uruguay Workers & Foreign Visitors

Patrick Archer aruba, foreign investment, real estate, uruguay

Rental rates for homes and apartments in Colonia del Sacramento are reaching record heights, according to a new article from Eduardo Barreneche and Pedro Calvijo of El Pais. The construction of Montes del Plata’s US$2 billion paper mill in the northern Colonia town of Conchillas has prompted an influx of thousands of employees living in Colonia del Sacramento and Carmelo. …

Investment Grade: S&P Raises Uruguay Credit Rating; Country’s Outlook “Stable”

Patrick Archer competitiveness, uruguay

S&P raised its credit rating on Uruguay from BB+ to BBB- yesterday marking the country’s return to investment grade status after a decade below investment grade. Uruguay was last downgraded ten years and two months ago on February 14, 2002. The country and the current administration welcomed the news as validation of Uruguay’s economic and political stability. “This is good …

Chinese Demanding More Premium Wines From Argentina, South America

Patrick Archer foreign investment, global rankings, lifestyle, wine & vineyards

China, the world’s fifth-largest consumer of wine, is already one of the Top 10 wine export markets for most South American countries. Chinese consumers drank more than 1.4 billion liters of wine in 2011, a number that is projected to grow to 2.2 billion liters by 2015. According to industry analysts, much of that 60% increase will come from vineyards …