Heat Map Plots New Construction Activity in Buenos Aires

Patrick Archer buenos aires events, real estate

New construction in Buenos Aires rose 37% in the first half of the year according to a new study from Urbeos, a geo-marketing firm that analyzes GIS data for urban investment opportunities. The company’s August report found that on average 73 new residential buildings were under construction each month in Capital Federal compared with 53 buildings in the first six …

Punta del Este Real Estate: A Safe Harbor in Times of Crisis

Patrick Archer foreign investment, real estate, uruguay

It happened three years ago during the market panic following the collapse of Lehman Brothers, and it’s happening again during the latest debt downgrade-inspired sell-offs. International investors fed up with uncertainty and triple-digit days on the Dow are plowing their cash into Punta del Este real estate. Just as in 2009, El Observador’s Leonardo Luzzi says Punta is once again …

From Jobs to Revenue, Tourism Booming In Buenos Aires

Patrick Archer ba government, hotels & casinos, real estate, tourism

The Buenos Aires tourism engine just keeps chugging faster and generating more jobs and revenue in the process, according to a new report from the City of Buenos Aires. The Tourism Board and Ministry of Culture shared the new data at the conclusion of this week’s Expoeventos 2011 at the Centro Costa Salguero. Tourism in Buenos Aires is a multi-billion …

The Southernmost Shopping Center In The World

Patrick Archer arts & entertainment, lifestyle, real estate, tourism

Ushuaia, the capital of Tierra del Fuego, has long attracted foreign tourists and adventure seekers with its unique combination of natural beauty and national parks. Now shopaholics will have something to celebrate in the world’s southernmost city when the doors open at the Paseo del Fuego in October. Located along the Beagle Channel, the US$32 million galleria will feature 70 …

Abandoned Punta del Este Hotel Sells For $10 Million

Patrick Archer foreign investment, hotels & casinos, real estate, uruguay

An abandoned high-rise on Punta del Este’s main drag will be reincarnated thanks to an investor group led by local architect Vito Atijas. Marcelo Gallardo of El Pais says the 17-story property which many locals and visitors remember as the Melia Hotel Punta del Este was purchased for US$10 million. The sale includes the hotel and the adjacent commercial properties …