Slowest July In Recorded History For Buenos Aires Real Estate Market

Patrick Archer average prices, buenos aires events, real estate

July was the coldest month of the year in Buenos Aires in terms of temperatures and real estate activity. New numbers released today by the BA Notary College show sales are flat and peso-denominated prices are soaring as the Argentine peso is now trading at 14.25 to the dollar on the informal market. The total number of real estate closings …

Punta del Este Bracing For Another Slow Summer Season

Patrick Archer foreign investment, hotels & casinos, lifestyle, real estate, tourism, uruguay

With only three months to go before summer, Punta del Este hotels, restaurants and real estate brokerages are bracing for the third consecutive season of fewer visitors and declining tourism revenue. Punta del Este Threatened By The Perfect Storm is the headline of Marcelo Gallardo’s analysis in today’s El Pais which predicts the 2014/15 summer season will be worse than …

New Buenos Aires Neighborhood A Magnet For Private Developers

Patrick Archer average prices, ba government, buenos aires events, creative class, foreign investment, lifestyle, real estate

A 13-block stretch of prime real estate in the City of Buenos Aires originally scheduled to sit in the shadow of an elevated highway is now a magnet for private developers in Capital Federal. Parque Donado Holmberg (PDH) is the name of the new neighborhood which is bordered by the more developed barrios of Belgrano, Saavedra, Coghlan and Villa Urquiza. iProfesional’s …

Argentina Real Estate Market Defined By Reluctant Builders, Sellers

Patrick Archer foreign investment, real estate

Argentina real estate sales activity has fallen dramatically over the past three years due to government-imposed currency controls. Potential sellers unwilling to part with their properties in exchange for pesos have been the primary culprit, but now reluctant builders are putting an additional squeeze on the supply-side of the housing equation. That was the primary takeaway of this week’s First Annual …

Uruguay Can Now Expand Offshore Drilling Projects 150 Nautical Miles

Patrick Archer competitiveness, foreign investment, real estate, uruguay

After three years of negotiations, Uruguay finally signed an agreement with the United Nations which extends Uruguay’s continental shelf from 200 to 350 nautical miles. The additional 150 nautical miles of underwater land opens up the possibility for Uruguay to move forward with offshore drilling activities on an additional 80,500 square kilometers of underwater territory. According to the UN Convention …