Buenos Aires Real Estate Closings Decline for Third Consecutive Month

Patrick Archer aruba, real estate

Real estate sales in the City of Buenos Aires fell for the third consecutive month, as the local market continues to feel the impact of US dollar currency controls imposed November 1 of last year. Closings in Buenos Aires in the month of February were down 18% compared to February 2011, according to the new report from the Buenos Aires …

New Construction Condos in Buenos Aires Appreciate 15%; Existing Units Rise 11%

Patrick Archer aruba, average prices, foreign investment, real estate

The average annual appreciation of new construction condominiums in the City of Buenos Aires was 15% last year compared to a 9% average gain in 2010, according to a new study from Reporte Inmobiliario. Five of the Buenos Aires barrios with the highest average increases were Palermo Nuevo (+29%), Palermo Sur (+20%), Villa Urquiza and Flores (both 19%) and Palermo …

Swiss Investors Drawn to Buenos Aires Real Estate

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

A group of 50 executives from Switzerland came to Argentina last week to explore opportunities in the Buenos Aires real estate market. Several members of the group like Hans-Peter Bauer have already invested millions of dollars in the acquisition of BA raw land and properties, according to Telam. Bauer says his group plans to increase their stake in Buenos Aires …

Palermo Soho Real Estate Construction Activity Climbs 70%

Patrick Archer foreign investment, real estate

The Buenos Aires neighborhood of Palermo Soho is witnessing a healthy wave of new residential construction activity, according to Clarin’s Romina Smith. The barrio bounded by Santa Fe, Cordoba, Scalabrini Ortiz and Godoy Cruz has seen a 70% rise in new construction compared to 2010. “The boom is supported by the tremendous commercial activity in the barrio which is reflected …

La Nacion: Condo-Hotel Sales Are Booming in Buenos Aires, Argentina

Patrick Archer foreign investment, real estate, tourism

Carlos Manzoni of La Nacion says that hotels, and specifically condo-hotels, are “the new boom” property for real estate investors in Argentina. The article cites many of the same motivating factors outlined in our original prospectus: Argentina’s pro-tourism policies, relative affordability, quality of life and Brazilian demand for quality accommodations. The Ministry of Tourism reports that US$1.82 billion was invested in …