New Report Charts Evolution of Buenos Aires Real Estate Rental Prices

[soliloquy id=”21234″] Average real estate rental prices in the City of Buenos Aires rose 35% compared to one year ago, according to a new report summarizing average prices of residential properties. Buenos Aires Real Estate Rental Prices: 2009-2015 The analysis from Reporte Inmobiliario traces the evolution of Buenos Aires real estate rental prices from August 2009 to August 2015. The report …

Argentina Farmland Prices Fall For Third Consecutive Year

[soliloquy id=”21188″] Recent Declines Follow Decade of Gains After a decade of rising land prices from 2002 to 2012, Argentina farmland prices have fallen for the third consecutive year, according to a new report from the Argentine Chamber of Rural Real Estate (CAIR). The new average rural land price data was presented by CAIR President Cristian Belaustegui at an industry event meant to summarize …

City of Buenos Aires Real Estate Sales Jump 16% To US$217 Million

Buenos Aires real estate sales just posted their first double-digit increase in two years signaling the return of local buyers and foreign investors seizing Argentine hard assets that are both undervalued and underinvested. The new numbers from the Buenos Aires Notary College show real estate closings rose 16.1% in February. There were a total of 1,995 closings in Capital Federal compared to 1,717 closings …

Carilo Property Owners Price Themselves Out Of The Market

“Greed, for lack of a better word, is good. Greed is right. Greed works.” And if there’s an Argentine coastal corollary to Gordon Gekko’s touching soliloquy, it would be “Greed will kill your prospects for renting out your beach home this summer and send your fellow Argentines in search of more affordable and more attractive beach destinations abroad.” And that’s …

Argentina Real Estate Sector Could Shed 300,000 Jobs

A worse-than-expected employment report out of Washington this morning, as the US economy only added 80,000 jobs during June. Anemic indeed, yet they pale in comparison to forecasts for certain sectors of the Argentine economy being hammered by currency controls. Industry sources say the lack of new construction activity has forced 75,000 real estate-related layoffs since last December and, if market …