Buenos Aires New Construction Activity Plummets 85%

Patrick Archer aruba, ba government, buenos aires events, real estate

Eighteen months since the implementation of currency controls intended to protect Argentina’s dollar reserves, new construction activity in the City of Buenos Aires is grinding to a halt. According to new data from the City’s Ministry of Housing, the number of requests for new construction permits fell 84.6% in the first two months of the year compared to the same …

Buenos Aires Construction Permit Requests Post First Gain Of 2012

Patrick Archer real estate

In a year when most local indicators have been moving in the general direction of Ushuaia, finally some signs of life in the Buenos Aires residential real estate market. According to iEco’s Natalia Muscatelli, the number of new construction permit requests in the City of Buenos Aires rose 14.8% in August compared to the same month in 2011, and the …