Buenos Aires Real Estate Sales Fall But High-End Segments Soar

Patrick Archer average prices, buenos aires events, foreign investment, real estate

Buenos Aires real estate sales activity posted another double-digit loss compared to 2013, according to the latest monthly report from the Buenos Aires Notary College. Released today, the new report shows Buenos Aires real estate closings fell 15.4% in May compared to the same month in 2013.  But dig a little deeper, and it’s a tale of two markets with …

How Do Buenos Aires Real Estate Prices Compare To London?

Patrick Archer average prices, competitiveness, real estate

An interesting headline this week from England where home prices are going through the roof. The average home price in England and Wales rose £10,000 (US$17,000) over the past five weeks alone reaching a new average price of £272,000 (US$458,000). A closer examination of real estate prices in London’s most desirable neighborhoods reveals £272,000 won’t go very far. London property website, …

US$2 Billion Highway Tunnel Below Puerto Madero Could Open In 2016

Patrick Archer ba government, buenos aires events, foreign investment, real estate, us companies

A proposed highway tunnel below Puerto Madero could bridge northern and southern auto corridors, alleviate downtown Buenos Aires traffic and spark a new wave of downtown real estate development. If approved, boring machines could begin carving the 2.5 kilometer underground tunnel this year which would connect three major downtown highways by mid-2016 if the project receives both municipal and federal …

Revitalization Project Will Extend Puerto Madero Toward La Boca

Patrick Archer arts & entertainment, ba government, buenos aires events, creative class, lifestyle, real estate, tourism

The City of Buenos Aires is planning to extend Puerto Madero’s wave of waterfront renewal further south to an area of the city long neglected ever since the construction of the elevated highway to La Plata. That highway, like the General Paz beltway, has isolated southern neighborhoods like Barracas, La Boca and San Telmo from the waterfront and created several …

Puerto Madero New Condos Keep Rising Over Docks 2 and 3

Patrick Archer average prices, buenos aires events, hotels & casinos, lifestyle, real estate

When the master plan for Puerto Madero was first unveiled in 1992, there was no mention of high-rise buildings for commercial or residential use. Two decades later, there are two dozen Puerto Madero buildings with over 20 stories and more on the way. Puerto Madero Reaches 26 Towers & Changes BA’s Horizon is the headline of Pablo Novillo’s analysis in …