Downtown Pedestrian Paradise A Growing Nightmare For Business

Patrick Archer ba government, buenos aires events, real estate

Downtown Buenos Aires may be taking giants strides toward becoming a pedestrian’s paradise, but the massive street reconfiguration is becoming a nightmare for many companies with offices in Microcentro. With so many city blocks being converted to pedestrian-only or pedestrian-preferred streets, Ambito’s Belen Fernandez says many companies are moving out of downtown or contemplating a move in the near future. …

Buenos Aires Developers, Projects Target “Inversumidores”

Patrick Archer buenos aires events, competitiveness, foreign investment, lifestyle, real estate

Two new articles over the weekend emphasize the shifting nature of real estate investment options in and around Buenos Aires. “Creative Products In Times of Crisis” is the title of an interesting market survey in Ambito Financiero’s weekly Real Estate supplement which describes current market offerings as lower priced, “not as popular” (as condominiums), and typically offered with peso-indexed financing. …

The Summer of Strange & Super Luxury In Punta del Este

Patrick Archer arts & entertainment, aruba, hotels & casinos, lifestyle, tourism, uruguay

“Not bad. Not good. Strange.” That’s how Punta del Este hotel and property owners describe Summer 2013 to Ambito’s Leandro Ferreyra. The strange part is the fact that middle class reservations are down 30% due to Argentine currency controls; however, the most luxurious 4 and 5-star hotels and the most exclusive Punta del Este rental properties are all booked solid. …

City of Buenos Aires Seeks to Lower Commissions on Rental Properties

Patrick Archer average prices, competitiveness, real estate

One of the biggest consumer rip-offs in the Buenos Aires real estate world revolves around broker commissions and deposits for rental properties. While the Internet continues to revolutionize industries and circumvent intermediaries, the dinosaur known scientifically as Portena Rentus Apartamentata has continued to morph, persevere and garner fat commissions from those seeking rental properties. So if you just heard high …