Supreme Court To Decide Fate Of US$2 Billion Costa del Plata Megaproject

Patrick Archer buenos aires events, real estate

The Supreme Court Could Decide The Future Of A Multimillion Dollar Project is the headline of Andres Sanguinetti’s article in today’s Cronista which details the setbacks the project has faced over the past six years. The project’s holding company planned to leave 75% of the land open for public use while adhering to the environmental guidelines of the two adjacent …

Condominium Swaps Reignite Land Sales In Buenos Aires

Patrick Archer average prices, buenos aires events, real estate

Currency controls may have forced a slowdown in the sale of existing units in Buenos Aires, but the sale of raw land is on the rise thanks to creative buyers and flexible sellers. Due to dollar restrictions, land is now being swapped for square meters of new construction is the rather lengthy headline in today’s iProfesional showcasing the rising tide …

80% of Buenos Aires New Construction Permits Are For Smaller Units

Patrick Archer aruba, buenos aires events, real estate

Last March, Clarin’s Nora Sanchez wrote an excellent article charting the rapid growth of residential square footage in Buenos Aires and the modest growth in population over the past decade. At the time, the Director of BA’s Center for Statistics and Census said one of the factors explaining the SF growth > population growth equation was the fact that the …

Buenos Aires Construction Permits Double As Capital Federal Goes Vertical

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

Buenos Aires is growing up…literally. We saw hints of it last year with the new construction activity heat maps and the 70% bump in new buildings in Palermo Soho. But now we have full-year 2011 proof thanks to Reporte Inmobiliario (RI). According to RI, the number of new construction permits in the City of Buenos Aires jumped 50% in 2011 …

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 …