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 …

Parking Meters & Tow Trucks Will Soon Blanket BA Barrios

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

Parquimetro Para Todos. That’s how some are describing the City of Buenos Aires’ plan to add thousands of new parking meters to 44 of the 48 neighborhoods in Capital Federal. If approved, new parking meters would be installed in over 10,000 blocks of Buenos Aires and meter rates would increase anywhere from 114 to 293% depending on the barrio. While …

As Consumer Spending Slows, Buenos Aires Retail Vacancies Rise

Patrick Archer average prices, buenos aires events, real estate

Retail vacancies are rising in downtown Buenos Aires, as consumer spending slows and more small businesses choose not to renew their leases, according to Alfredo Sainz of La Nacion. Sainz says “For Rent” signs are spreading like a virus especially in popular pedestrian corridors like Florida and Lavalle,  and the 30-block area of Recoleta bordered by Alvear, Callao, Cerrito and …

Buenos Aires Developers, Projects Target “Inversumidores”

Patrick Archer buenos aires events, competitiveness, foreign investment, lifestyle, real estate

Two new articles over the weekend emphasize the shifting nature of real estate investment options in and around Buenos Aires. “Creative Products In Times of Crisis” is the title of an interesting market survey in Ambito Financiero’s weekly Real Estate supplement which describes current market offerings as lower priced, “not as popular” (as condominiums), and typically offered with peso-indexed financing. …