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 …

Where Is The Most Affordable Real Estate In Argentina?

Patrick Archer average prices, competitiveness, global rankings, real estate

New data out this week shed light on what are the most affordable real estate markets in Argentina beyond Buenos Aires (BBA). The nationwide survey from Reporte Inmobiliario focuses on the average price per square foot for an existing 2 or 3 room apartment in a dozen cities in the Argentine interior. The three most expensive Argentine real estate markets …

VFH To Determine ABL Increases For BA Property Owners

Patrick Archer aruba, ba government, buenos aires events, real estate

It’s almost summertime, and City of Buenos Aires residents are swimming in a sea of alphabet soup trying to decipher their Alumbrado, Barrido y Limpieza or ABL (Street lighting, sweeping and cleaning) expenses, and the rationale for another double-digit increase in 2013. After three years of no ABL hikes, Capital Federal residents paid an average ABL increase this year of 66%. …

Buenos Aires Office Space Costs 50% Less Than Sao Paulo

Patrick Archer aruba, average prices, competitiveness, real estate

This according to a new report from Colliers International analyzing the average cost of prime office space in major Latin American markets. The average price of Class A office space in Buenos Aires is US$29 per square meter or US$2.77 per square foot placing BA third in Latin America right behind Bogota (US$33 per m2 or $3.06 per square foot) and …

A 14 Barrio Breakdown of Buenos Aires Real Estate Prices

Patrick Archer average prices, buenos aires events, real estate

Today we follow-up last week’s post regarding average real estate prices in Buenos Aires with a more detailed breakdown of average prices for new and used residential properties in 14 Buenos Aires neighborhoods. Puerto Madero remains the most expensive neighborhood in Capital Federal for both new and used construction at US$371 and US$345 per square foot, respectively. These averages put …