City of Buenos Aires Real Estate Activity Down 5%; Property Values Up 17%

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

Government-imposed currency controls continued to have their cooling effect on real estate activity in the City of Buenos Aires, as property transactions were down for the fourth consecutive month in Capital Federal. The new data from the BA Notary College shows 4,661 closings in the month of April, a 4.8% decrease compared to April 2011, according to Clarin’s Natalia Muscatelli. …

As Buenos Aires Becomes Less Car-Friendly, Parking Lot Values Rise

Patrick Archer real estate

In last year’s Parking Lot Millionaire, we saw how attractive investing in Buenos Aires parking lots could be if you had a million dollars to invest. Now financial planner Mariano Otalora makes the case-for-cocheras for small investors looking for real estate diversification without the requisite US$100,000+ cash outlay for a Buenos Aires condo. Several supply and demand factors are in play …

Average Buenos Aires Salary Would Buy A 5 Square Foot Apartment

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

A new report from the Economics Institute at the Universidad Argentina de la Empresa (UADE) suggests the average salary in Buenos Aires is enough to buy five square feet of a new construction apartment in the City of Buenos Aires. In other words, it would take 100 salaries for the average family to be able to buy their own 500-square-foot …

Buenos Aires Launches Free WiFi Service in City Parks

Patrick Archer ba government, buenos aires events, competitiveness, technology

The City of Buenos Aires took a major step yesterday toward maintaining its title as the Latin American metro with the most free WiFi hotspots. At last count, the ratio was 1 hotspot per every 2,620 residents, a 72% improvement over the previous year. That ratio is sure to drop as BA’s Ministry of Environment & Public Spaces rolls out …

Real Estate Appreciation in Buenos Aires Neighborhoods

Patrick Archer average prices, ba government, buenos aires events, real estate

A new analysis of real estate price variations for 2009-2010 shows the greatest year-over-year increases in Palermo and Liniers (20 to 25%) followed by 15 to 20% gains in Belgrano, Nunez, Paternal and four southern Capital Federal neighborhoods benefiting from increased business and infrastructure investment from the City of Buenos Aires: Barracas, Constitucion, Nueva Pompeya and Parque Patricios. Barracas is …