City of Buenos Aires Real Estate Sales Jump 16% To US$217 Million

Patrick Archer average prices, buenos aires events, foreign investment, real estate

Buenos Aires real estate sales just posted their first double-digit increase in two years signaling the return of local buyers and foreign investors seizing Argentine hard assets that are both undervalued and underinvested. The new numbers from the Buenos Aires Notary College show real estate closings rose 16.1% in February. There were a total of 1,995 closings in Capital Federal compared to 1,717 closings …

Argentine Peso Devaluation Deepens With “Brick Rates” Reaching $10

Patrick Archer average prices, real estate

Argentine peso devaluation accelerated this week with the ARS posting its largest one-day decline in a decade yesterday falling 3.5% to 7.14 pesos per US dollar, and unofficial rates like the Blue and the Brick are following suit. Just two months ago the Brick dollar, the intermediate rate often used for real estate transactions, was trading between $7.70 for new …