Merval Market Panic & Argentina Commodity Prices

Patrick Archer agribusiness, aruba

Earlier this week when markets were bracing for another triple-digit reversal on the Dow, the local press began to question the degree to which Argentina’s fortunes are tied to such wild fluctuations on Wall Street. Certainly the Merval moved decidedly downward with the Dow, and the sell-off fueled panic definitely triggered a shortage of greenbacks at the Central Bank. (To …

Buenos Aires Real Estate Sales Regain Momentum

Patrick Archer aruba, average prices, buenos aires events, foreign investment, real estate

The Notary College just released the May real estate sales data for Buenos Aires, and the numbers are a reversal of the cooling trend witnessed in March and April. While sales in those two months eased 0.7% and 1.3%, respectively, sales rose a respectful 6.8% in May compared to the same month in 2010. La Nacion’s Alfredo Sainz says the …

Buenos Aires Office Space A Bargain for Brazilian Companies

Patrick Archer aruba, buenos aires events, competitiveness, foreign investment, real estate

The affordability that makes Buenos Aires so attractive for Brazilian tourists is also luring more Brazilian companies here to establish national and regional offices. A new report from Colliers International Brasil examines the average cost per square meter of office space in several Brazilian cities compared to Buenos Aires and other major metros worldwide. The Newspaper of Sao Paulo headline …

Buenos Aires, Brazil Office Space Among World’s Most Expensive

Patrick Archer aruba, buenos aires events, competitiveness, foreign investment, global rankings, real estate

Commercial office space in Buenos Aires now ranks among the world’s Top 20 most expensive markets, according to a new study from Jones Lang LaSalle. The analysis, prepared for Brazilian business publication Valor, compared office rents in 98 of the world’s largest metros in the U.S., Europe, Asia and South America. The #20 ranking places Buenos Aires ahead of cities …

Interior Motives: Argentina Real Estate Values Rise in Rosario, Cordoba

Patrick Archer aruba, average prices, foreign investment, real estate

When it comes to Argentina, most foreign real estate investors focus primarily on Buenos Aires and secondarily on more tourist-oriented destinations with great natural amenities like Bariloche, Carilo, Mendoza or Salta. Often overlooked in the property shuffle are the second and third-largest cities in Argentina: Cordoba and Rosario, with populations of 1.3 million and 1.2 million, respectively. In making the case …