Rosario Real Estate Boom Shows No Signs Of Slowing

Patrick Archer agribusiness, aruba, real estate

Real estate sales activity and new construction may be down this year in Buenos Aires, but that’s not the case in the country’s third largest city, Rosario. Roughly the size of Montevideo, Rosario is home to 1.3 million residents and one of Argentina’s most important agribusiness metros. In recent years, millions in soydollars generated on the Santa Fe farmland surrounding …

Buenos Aires New Construction Activity Plummets 85%

Patrick Archer aruba, ba government, buenos aires events, real estate

Eighteen months since the implementation of currency controls intended to protect Argentina’s dollar reserves, new construction activity in the City of Buenos Aires is grinding to a halt. According to new data from the City’s Ministry of Housing, the number of requests for new construction permits fell 84.6% in the first two months of the year compared to the same …

Puerto Madero Class A Vacancy Varies By Building & Docks

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

Puerto Madero is the Buenos Aires barrio which has seen the most new office construction in recent years, and now the port area’s office vacancy rate is higher than the city average, according to a new report from Colliers International. “More Supply Than Demand” is the headline of Patricia Gutierrez’ article in La Nacion which summarizes the Colliers data. In …

Uruguay Farmland Prices Have Risen 800% Since 2002

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

The average price of Uruguay farmland has surged 800% over the past decade, according to new numbers from the Uruguay Ministry of Livestock, Agriculture and Fishing. “Since 2002, the average price of Uruguay land has multiplied by nine, rising from US$385 per hectare to US$3,477 last year. In the past 13 years, over 7.1 million hectares of Uruguay farmland worth …

City of Buenos Aires Existing Property Values Rise 16%

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

Real estate market activity in Buenos Aires may have slowed given the scarcity of dollars, but average prices of existing condominiums in Buenos Aires posted another double-digit gain in 2012. “The Price of Existing Properties Rises Even Without Sales” is the headline of Gustavo Grimaldi’s analysis of new market data from Reporte Inmobiliario which shows the average price for a …