Argentines Profit From Spain’s Real Estate Collapse

Patrick Archer foreign investment, real estate

With rumors of an international bailout swirling, union protests over proposed pension reform and unemployment now officially over 20%, 20.33% to be exact, Spain’s misery is poised to worsen this year. And that’s great news for Argentines looking to purchase real estate in Barcelona, Madrid and Majorca. Spain’s housing collapse began in 2008 and prices have fallen sharply in the major …

Wendy’s Returns to Argentina This Year

Patrick Archer buenos aires events, foreign investment, franchises, us companies

The White House may be giving Argentina the cold shoulder today, but we can take comfort knowing a familiar redhead will definitely pay us a return visit this year. When the Wendy’s in Argentina rumor mill kicked into high gear during the last quarter of 2010, we started to have Cuadrada Cravings. Fortunately today we have confirmation of the franchise …

Cruceristas: Record Cruise Ship Arrivals in Buenos Aires, Uruguay

Patrick Archer foreign investment, lifestyle, tourism, uruguay

City traffic was heavier than usual here in Punta del Este yesterday. Yes, it is high season and the weather is perfect, but there was a sudden influx of casually-dressed pedestrians with accents other than casetllano. As the new arrivals made their way along the Rambla del Puerto, the four large cruise ships on which they traveled sat glistening in …

Real Estate Deals Along Uruguay’s Tango Coast Exceed $1.2 Billion in 2010

Patrick Archer foreign investment, real estate, uruguay

Of all the takeaways gleaned at the 2011 Salon Inmobiliario last week in Punta del Este, we were most impressed by the 2010 summary confirming our long-held belief the smart money is moving north of Punta along the Tango Coast of Uruguay from Maldonado and increasingly into Rocha. One of the highlights of the four-day Real Estate Expo held at …

Only 28% of Puerto Madero High-Rise Units Are Occupied

Patrick Archer foreign investment, real estate

That statistic according to Clari­n in the latest analysis of the high-profile BA neighborhood. InvestBA reported in December on the recent pullback in closing prices for Puerto Madero units, and now 2010 Census data shed additional light on the high ratio of investor-owned units in some of BA’ s most expensive high-rise condominiums. The numbers, culled from the 2010 Census, …