Buenos Aires Temporary Rental Prices Down 15% This Year

Patrick Archer average prices, buenos aires events, real estate

A new survey of apartment rental prices in seven Buenos Aires neighborhoods sheds some light on overall supply and demand in the temporary rental market popular with many expats and tourists. The Reporte Inmobiliario analysis of 1,636 temporary apartment rentals in Barrio Norte, Belgrano, Centro, Palermo, Puerto Madero, Recoleta and San Telmo found that the overallaverage price in dollars for …

Buenos Aires Burning: 4-Alarm Fire Engulfs Downtown Park

Patrick Archer buenos aires events, real estate

A massive fire in the City of Buenos Aires lit up the skies over Puerto Madero and Microcentro last night, and six fire station units were needed to get the blaze under control. The fire broke out in the Costanera Sur Ecological Reserve east of Puerto Madero around 8:00 p.m. last night and quickly engulfed an area the size of …

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 …

Puerto Madero Class A Vacancy Varies By Building & Docks

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

Puerto Madero is the Buenos Aires barrio which has seen the most new office construction in recent years, and now the port area’s office vacancy rate is higher than the city average, according to a new report from Colliers International. “More Supply Than Demand” is the headline of Patricia Gutierrez’ article in La Nacion which summarizes the Colliers data. In …

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 …