With La Imprenta Closing, The Belgrano Rumor Mill Churns

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

A popular Belgrano restaurant and cafe has closed triggering speculation that a residential megaproject is in the works. iProfesional’s Patricio Eleisegui says La Imprenta Café & Bistro lowered the persianas permanently yesterday after twenty years of service in the barrio. The closing is the latest in a string of high-profile restaurant and store closures on the Belgrano block with a …

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%. …

A 14 Barrio Breakdown of Buenos Aires Real Estate Prices

Patrick Archer average prices, buenos aires events, real estate

Today we follow-up last week’s post regarding average real estate prices in Buenos Aires with a more detailed breakdown of average prices for new and used residential properties in 14 Buenos Aires neighborhoods. Puerto Madero remains the most expensive neighborhood in Capital Federal for both new and used construction at US$371 and US$345 per square foot, respectively. These averages put …

UADE: Buenos Aires Real Estate Average Price Now US$220 Per SF

Patrick Archer aruba, average prices, real estate

A new report from the Universidad Argentina de la Empresa (UADE) pegs the average price per square foot of new construction condos in Buenos Aries at US$220 ($2,263 per m2) and US$201 ($2,106 per m2) for existing units. The report, which examined new and existing real estate prices for condominiums in 14 Buenos Aires neighborhoods, found the highest prices for …

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. …