Buenos Aires Real Estate Closings Down 45% In June

Patrick Archer average prices, buenos aires events, real estate

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

Patrick Archer buenos aires events, competitiveness, real estate

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, …

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 …

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 …