Buenos Aires Residential Rental Rates Climb 30% In One Year

Patrick Archer average prices, foreign investment, real estate

Residential rental rates in the City of Buenos Aires rose 30% on average during the one-year period ending November 2014, according to new data from the city’s Department of Statistics and Census. The report compares average prices for existing 2 and 3-room apartments with approximately 50 square meters (538 square feet) of living space in thirteen Buenos Aires neighborhoods. In …

Buenos Aires Now Among The Cheapest Real Estate In South America

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

Buenos Aires real estate prices are among the cheapest in South America, according to a new report of middle and upper-class neighborhoods in major metros. Buenos Aires Has The Cheapest Properties In South America is the headline of Alfredo Sainz’ analysis in today’s La Nacion which reveals “existing apartments in Buenos Aires are 10 to 25% cheaper than in the …

Uruguay Sells Buenos Aires Embassy Building For US$12.5 Million

Patrick Archer buenos aires events, real estate, uruguay

Two months after putting the thirteen-story Recoleta property on the auction block, Uruguay has sold its embassy in Buenos Aires for an estimated 36% haircut. Officially announced in April, the bid process for the property at the corner of Las Heras and Ayacucho closed on June 5th with a total of five bids submitted from Nicolas Billa, Morning Mist Limited, …

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 …

Buenos Aires Residential Rental Rates Jump 25% In One Year

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

The average price of residential rental properties in Buenos Aires rose 25% over the past twelve months, as property owners attempt to keep pace with inflation through rent hikes and semi-annual adjustments. The new data from the City’s Statistics Department show the average rental rate for a 50 square meter (538 square foot) condominium in Capital Federal rose 25% from …