Some Buenos Aires Residential Rentals Rise 39% In One Year

Patrick Archer average prices, buenos aires events, real estate

Residential rents in some Buenos Aires neighborhoods have risen 39% over the past twelve months, as property owners attempt to keep pace with inflation through rent hikes and semi-annual adjustments. Capital Federal Rents Rise Almost 40% In One Year is the headline of today’s article in iProfesional detailing the new double-digit data from the City of Buenos Aires Statistics and Census …

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 …

More Buenos Aires Condo Deals Close At Brick Dollar Rates

Patrick Archer average prices, buenos aires events, real estate

A new market survey of Buenos Aires condominium prices shows the rising trend of property owners and renters closing deals at the “dolar ladrillo” or “brick dollar” exchange rate. The ZonaProp analysis of negotiated prices for existing rental properties suggests that more owners are accepting pesos at the brick dollar rate of $8.3 pesos per dollar which is $3.4 pesos …