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. …

80% of Buenos Aires New Construction Permits Are For Smaller Units

Patrick Archer aruba, buenos aires events, real estate

Last March, Clarin’s Nora Sanchez wrote an excellent article charting the rapid growth of residential square footage in Buenos Aires and the modest growth in population over the past decade. At the time, the Director of BA’s Center for Statistics and Census said one of the factors explaining the SF growth > population growth equation was the fact that the …

Heat Map Plots New Construction Activity in Buenos Aires

Patrick Archer buenos aires events, real estate

New construction in Buenos Aires rose 37% in the first half of the year according to a new study from Urbeos, a geo-marketing firm that analyzes GIS data for urban investment opportunities. The company’s August report found that on average 73 new residential buildings were under construction each month in Capital Federal compared with 53 buildings in the first six …

Average Buenos Aires Salary Would Buy A 5 Square Foot Apartment

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

A new report from the Economics Institute at the Universidad Argentina de la Empresa (UADE) suggests the average salary in Buenos Aires is enough to buy five square feet of a new construction apartment in the City of Buenos Aires. In other words, it would take 100 salaries for the average family to be able to buy their own 500-square-foot …

Lifestyle Trends Reflected in Buenos Aires Real Estate

Patrick Archer buenos aires events, lifestyle, real estate

What happens when your residential square footage practically doubles while your population stays roughly unchanged over a decade? Well, in the case of Buenos Aires, the real estate market thrives, new inventory is absorbed, and new product offerings reflect the shifting demographics of the porteno population: living longer, waiting longer to get married, looking for rental income or getting separated …