Buenos Aires New Construction Requests Down 60%

Patrick Archer buenos aires events, real estate

City of Buenos Aires new construction requests fell 60% last year which means 2014 will be another year of diminished construction and sales activity, according to new data from Reporte Inmobiliario. In 2013, Buenos Aires builders and developers submitted requests for 713,188 square meters of new construction, a 58% decline from the 1.705 million square meters submitted in 2012. The 2012 …

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 …

M2 Lite: Buenos Aires New Construction Activity Down 25%

Patrick Archer aruba, buenos aires events, foreign investment, hotels & casinos, real estate

The 2011 currency controls responsible for double-digit monthly declines in Argentina real estate sales activity are also cooling the optimism of developers contemplating new construction in Buenos Aires. According to a new report from Reporte Inmobiliario, the total number of new construction permit requests submitted to the City of Buenos Aires fell 24.5 percent in 2012 from 24.3 million square …

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 …

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 …