Puerto Madero New Condos Keep Rising Over Docks 2 and 3

Patrick Archer average prices, buenos aires events, hotels & casinos, lifestyle, real estate

When the master plan for Puerto Madero was first unveiled in 1992, there was no mention of high-rise buildings for commercial or residential use. Two decades later, there are two dozen Puerto Madero buildings with over 20 stories and more on the way. Puerto Madero Reaches 26 Towers & Changes BA’s Horizon is the headline of Pablo Novillo’s analysis in …

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 …

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 …