Buenos Aires Temporary Rental Prices Down 15% This Year

Patrick Archer average prices, buenos aires events, real estate

A new survey of apartment rental prices in seven Buenos Aires neighborhoods sheds some light on overall supply and demand in the temporary rental market popular with many expats and tourists. The Reporte Inmobiliario analysis of 1,636 temporary apartment rentals in Barrio Norte, Belgrano, Centro, Palermo, Puerto Madero, Recoleta and San Telmo found that the overallaverage price in dollars for …

New Law Gets Tough On Buenos Aires Short-Term Rentals

Patrick Archer ba government, buenos aires events, competitiveness, hotels & casinos, real estate, tourism

Buenos Aires hotels have been losing ground and guests to owners of short-term apartment rentals ever since the 2001 financial crisis, but new legislation approved this week seeks to clamp down on alquileres temporarios and dramatically stem the turista tide. The new law will require those who own and rent four or more Buenos Aires short-term rental properties to, among other things, add …

Where Is The Best Place To Open A Business In Buenos Aires?

Patrick Archer average prices, competitiveness, franchises, real estate

The Mall or Main Street? Santa Fe or Shopping? Callao or Centro Comercial ? These are the questions posed in a detailed analysis of the many options available to investors looking to open a retail business in Buenos Aires. While malls trump Main Street 70/30 in countries like the US, having a storefront on a prominent avenue or pedestrian street is more …

Buenos Aires New Construction Activity Plummets 85%

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

Eighteen months since the implementation of currency controls intended to protect Argentina’s dollar reserves, new construction activity in the City of Buenos Aires is grinding to a halt. According to new data from the City’s Ministry of Housing, the number of requests for new construction permits fell 84.6% in the first two months of the year compared to the same …

City of Buenos Aires Existing Property Values Rise 16%

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

Real estate market activity in Buenos Aires may have slowed given the scarcity of dollars, but average prices of existing condominiums in Buenos Aires posted another double-digit gain in 2012. “The Price of Existing Properties Rises Even Without Sales” is the headline of Gustavo Grimaldi’s analysis of new market data from Reporte Inmobiliario which shows the average price for a …