60% Of Buenos Aires Residents Live Alone Or With Another Person

A City of Buenos Aires housing survey shows the average household is getting smaller, birth rates are falling and one-third of the city’s population is now over 50. The annual Buenos Aires housing survey from the City’s Census and Statistics Board found that 31.7% of Buenos Aires residents live alone while 29.7% share space with another person. 16% of BA dwellings …

Express Boom Rapidly Changing Buenos Aires Supermarket Landscape

Hundreds of Asian-owned Buenos Aires supermarkets are closing now that multinational giants like Carrefour and Walmart are blanketing BA barrios with their own “express” markets. “Around 400 super chinos closed last year alone and 1,100 jobs disappeared. The expansion of the large chains under the express model siphoned off a lot of our customers which hurt the profitability of our business,” …

Uruguay Selling Argentina Embassy Building In Recoleta

Uruguay will continue the policy of auctioning off high-profile, state-owned properties when it auctions off its embassy in Buenos Aires in June. First it was Punta del Este, then it was New York and now Recoleta is on the auction block. The thirteen-story building is located in Recoleta at the corner of Avenida Las Heras and Ayacucho. Selling points include …

What Are Average Real Estate Prices In Buenos Aires?

[soliloquy id=”19568″] After two years of inactivity due to currency controls, real estate sales are finally picking up again in Buenos Aires. So where are average real estate prices in Buenos Aires today in three of the most popular neighborhoods for tourists and foreign investors? Prices Have Fallen Up To 20% & The Real Estate Market Shows Signs Of Life is the …

US$2 Billion Highway Tunnel Below Puerto Madero Could Open In 2016

A proposed highway tunnel below Puerto Madero could bridge northern and southern auto corridors, alleviate downtown Buenos Aires traffic and spark a new wave of downtown real estate development. If approved, boring machines could begin carving the 2.5 kilometer underground tunnel this year which would connect three major downtown highways by mid-2016 if the project receives both municipal and federal …