Buenos Aires Retail Vacancies Rise Another 15% This Summer

Patrick Archer buenos aires events, competitiveness, real estate

Retail vacancy rates rose another 15% this summer in Buenos Aires, as a combination of double-digit inflation, higher rents and unlicensed street vendors sapped the strength of calles comerciales. A new report from the Argentina Retail Chamber (CAC) says the number of retail vacancies observed during the first two months of 2015 reached 324 or 15% more vacancies than before the summer began. Another …

Buenos Aires Taxi Drivers, Industry Divided Over Mobile Apps

Patrick Archer ba government, buenos aires events, competitiveness, creative class, foreign investment, lifestyle, technology, tourism, us companies

Buenos Aires residents and visitors are the beneficiaries of a new wave of technology designed to make calling a taxi easier, faster and more transparent. And while many Buenos Aires taxi drivers have been early adopters of mobile apps, the industry they work for is not exactly giving new technology un abrazo grande. The Complicated Relationship Between Buenos Aires Taxi Drivers …

With Dollars Scarce, Real Estate Prices Continue Falling Across Argentina

Patrick Archer average prices, foreign investment, real estate

Four years after the imposition of US dollar currency controls, average real estate prices are still posting double-digit declines across Argentina. Due to the Lack of Dollars, The Price of Apartments Fall In Almost All of Argentina is the headline of today’s analysis in El Cronista showing the average price of existing properties fell in 20 out of 25 real estate markets …

How Will The Petrobras Scandal Impact Investments In Argentina?

Patrick Archer competitiveness, foreign investment, real estate

With top executives already in jail, 62 alleged bribe-receiving politicians sweating bullets and dozens of companies now under investigation, how will the Petrobras scandal impact the Brazilian oil giant’s investments in Argentina? A detailed analysis in today’s iProfesional poses that question and puts the magnitude of the scandal in local terms: the estimated US$45 billion in illegal surcharges, bribes and kickbacks is …