Montevideo Residential Real Estate Prices Post Modest Gains

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

Two months after housing data confirmed the first significant increase in Montevideo average real estate prices in over two years, another study suggests MVD prices are maybe firming up, albeit slightly, across the Uruguay capital. Montevideo Real Estate Prices Rise 6% In 10 Months is the headline of this week’s El Observador analysis of average residential prices in eighteen of the …

Buenos Aires Retail Vacancies Rise Another 15% This Summer

Patrick Archer buenos aires events, competitiveness, real estate

Retail vacancy rates rose another 15% this summer in Buenos Aires, as a combination of double-digit inflation, higher rents and unlicensed street vendors sapped the strength of calles comerciales. A new report from the Argentina Retail Chamber (CAC) says the number of retail vacancies observed during the first two months of 2015 reached 324 or 15% more vacancies than before the summer began. Another …

With Dollars Scarce, Real Estate Prices Continue Falling Across Argentina

Patrick Archer average prices, foreign investment, real estate

Four years after the imposition of US dollar currency controls, average real estate prices are still posting double-digit declines across Argentina. Due to the Lack of Dollars, The Price of Apartments Fall In Almost All of Argentina is the headline of today’s analysis in El Cronista showing the average price of existing properties fell in 20 out of 25 real estate markets …

How Will The Petrobras Scandal Impact Investments In Argentina?

Patrick Archer competitiveness, foreign investment, real estate

With top executives already in jail, 62 alleged bribe-receiving politicians sweating bullets and dozens of companies now under investigation, how will the Petrobras scandal impact the Brazilian oil giant’s investments in Argentina? A detailed analysis in today’s iProfesional poses that question and puts the magnitude of the scandal in local terms: the estimated US$45 billion in illegal surcharges, bribes and kickbacks is …

Buenos Aires Real Estate Sales Hit Lowest Level In 30 Years

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

Real estate activity in the City of Buenos Aires fell for the third consecutive year making 2014, a year when over 800 real estate offices closed their doors, one of the slowest years in three decades. According to the Buenos Aires Notary College, the total number or residential real estate closings in the Argentine capital fell to 33,694, a 6.2% …