New Construction Condos in Buenos Aires Appreciate 15%; Existing Units Rise 11%

The average annual appreciation of new construction condominums in the City of Buenos Aires was 15% last year compared to a 9% average gain in 2010, according to a new study from Reporte Inmobiliario. Five of the Buenos Aires barrios with the highest average increases were Palermo Nuevo (+29%), Palermo Sur (+20%), Villa Urquiza and Flores (both 19%) and Palermo …

Palermo Soho Real Estate Construction Activity Climbs 70%

The Buenos Aires neighborhood of Palermo Soho is witnessing a healthy wave of new residential construction activity, according to Clarin’s Romina Smith. The barrio bounded by Santa Fe, Cordoba, Scalabrini Ortiz and Godoy Cruz has seen a 70% rise in new construction compared to 2010. “The boom is supported by the tremendous commercial activity in the barrio which is reflected …