Buenos Aires Street Parking Rates Will Rise 300% Next Year

Patrick Archer ba government, buenos aires events, real estate

The cost of  parking on the street in several Capital Federal neighborhoods will surge over 300% next year when proposed legislation from the Government of the City of Buenos Aires wins approval. The new measure, which was debated last week in the legislature’s Transit and Transportation Committee, will extend the new progressive metered street parking system currently in force in Microcentro to …

Buenos Aires Parking Rates Approaching US$300 Monthly

Patrick Archer average prices, buenos aires events, real estate

Two years ago we posed the question, Who Wants To Be A Buenos Aires Parking Lot Millionaire?  Turns out it was no joke.   Buenos Aires parking rates are soaring as private lot owners raise rates only six months after another double-digit increase earlier this year. Garages Are Charging Up To $1,700 Pesos For A Monthly Parking Space is the …

More Buenos Aires Blocks Zoned For Left-Side Street Parking

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

Record sales of new cars this year in Argentina means two things in Buenos Aires: more traffic and fewer places to park. In an ongoing effort to free up curbside parking spaces, the City of Buenos Aires will allow parking on the left-hand side of 489 city blocks in Belgrano, Coghlan, Colegiales, Floresta, Palermo, Villa Urquiza and Villa Ortuzar. The …

Buenos Aires Real Estate Closings Down 45% In June

Patrick Archer average prices, buenos aires events, real estate

Real estate closings in the City of Buenos Aires were down 45% in June compared to one year ago, as currency controls and election year uncertainty continue to put a damper on local sales activity. While the total number of residential closings dropped 44.7%, the total peso-denominated value of those deals was down 37.2%, according to the Buenos Aires Notary …

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 …