Buenos Aires Real Estate Closings Down 45% In June

Real estate closings in the City of Buenos Aires were down 45% in June compared to one year ago, as currency controls and election year uncertainty continue to put a damper on local sales activity. While the total number of residential closings dropped 44.7%, the total peso-denominated value of those deals was down 37.2%, according to the Buenos Aires Notary …

Belgrano, Colegiales, Nuñez Top BA Barrio Economic Ranking

The Buenos Aires trio of Belgrano, Colegiales and Nunez (BCN) came out on top of a citywide ranking of BA barrios based on a variety of economic and quality of life factors. La Nacion’s annual household survey ranks neighborhoods from 1 to 10 on factors like education, employment, health care coverage and infrastructure. The residents of Comuna 13 which includes Belgrano, …

The 10 Most Expensive & Most Affordable Barrios In Buenos Aires

InvestBA presents the Top 10 most expensive and most affordable neighborhoods in Buenos Aires based on data collected by Reporte Inmobiliario and published this week by Clarin. The numbers in the bar graphs above represent the average price per square foot for residential real estate in each Buenos Aires barrio during the first quarter of 2013. (Full Story in Spanish) For …

Airbnb Already Has 4,000 Short-Term Listings in Argentina

Online rental platform Airbnb is quickly emerging as a preferred dotcom destination for short-term rental owners and seekers amassing over 4,000 properties throughout Argentina. Infotechnology’s Felix Ramallo says the San Francisco-based company officially announced its online presence in Argentina this week; however, there are no plans for a physical presence on suelo argentino…the strategy of choice for another SF stalwart. …

Buenos Aires New Construction Activity Plummets 85%

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 …