Buenos Aires Real Estate Closings Down 45% In June

Patrick Archer average prices, buenos aires events, real estate

Real estate closings in the City of Buenos Aires were down 45% in June compared to one year ago, as currency controls and election year uncertainty continue to put a damper on local sales activity. While the total number of residential closings dropped 44.7%, the total peso-denominated value of those deals was down 37.2%, according to the Buenos Aires Notary …

Argentine Condo Developers Embrace Long-Term Financing

Patrick Archer buenos aires events, real estate

With real estate sales down, dollars scarce and bank financing non-existent, more Argentina real estate developers are beginning to offer new construction condominiums with payment plans up to ten years or longer. Making small monthly payments is nothing new for locals who pay off everything from groceries to appliances to plane tickets en cuotas; however, this is the first time real …

How Much Does Real Estate Cost In Buenos Aires?

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

There is an excellent analysis of the Buenos Aires real estate market in today’s iProfesional which takes a deep dive into historical data, barrio trends, exchange rates, interest rates, mortgage penetration and market pesofication. As sweeping as it is granular, it takes a very complex topic and makes it more opaque by offering a laundry list of reasons why average …

VFH To Determine ABL Increases For BA Property Owners

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

It’s almost summertime, and City of Buenos Aires residents are swimming in a sea of alphabet soup trying to decipher their Alumbrado, Barrido y Limpieza or ABL (Street lighting, sweeping and cleaning) expenses, and the rationale for another double-digit increase in 2013. After three years of no ABL hikes, Capital Federal residents paid an average ABL increase this year of 66%. …

Model City: Miniature Buenos Aires Is A 3D Masterpiece

Patrick Archer ba government, buenos aires events, creative class, culture

Buenos Aires is a city where real estate developers typically make elaborate models to showcase new buildings, but nothing compares to this. Six architects from the BA Planning Department have created a 1:1,500 scale model of the entire City of Buenos Aires, the largest such model in all of Latin America. Dubbed 48 Barrios, 15 Comunas, the 36 x 36 …