Double Digit Fast Lane For Buenos Aires Parking Lot Investors

Patrick Archer buenos aires events, foreign investment, lifestyle, real estate

Buenos Aires parking lot investors who curbed their pesos in Capital Federal garages are enjoying double-digit returns now that parking spaces are an endangered species. Parking Lot Investments Growing In A Sluggish Real Estate Market is the headline of infobae’s analysis which says the average Buenos Aires parking space appreciated 12% last year in dollars while generating a steady stream …

Buenos Aires Parking Rates Approaching US$300 Monthly

Patrick Archer average prices, buenos aires events, real estate

Two years ago we posed the question, Who Wants To Be A Buenos Aires Parking Lot Millionaire?  Turns out it was no joke.   Buenos Aires parking rates are soaring as private lot owners raise rates only six months after another double-digit increase earlier this year. Garages Are Charging Up To $1,700 Pesos For A Monthly Parking Space is the …

Buenos Aires Developers, Projects Target “Inversumidores”

Patrick Archer buenos aires events, competitiveness, foreign investment, lifestyle, real estate

Two new articles over the weekend emphasize the shifting nature of real estate investment options in and around Buenos Aires. “Creative Products In Times of Crisis” is the title of an interesting market survey in Ambito Financiero’s weekly Real Estate supplement which describes current market offerings as lower priced, “not as popular” (as condominiums), and typically offered with peso-indexed financing. …

As Buenos Aires Becomes Less Car-Friendly, Parking Lot Values Rise

Patrick Archer real estate

In last year’s Parking Lot Millionaire, we saw how attractive investing in Buenos Aires parking lots could be if you had a million dollars to invest. Now financial planner Mariano Otalora makes the case-for-cocheras for small investors looking for real estate diversification without the requisite US$100,000+ cash outlay for a Buenos Aires condo. Several supply and demand factors are in play …

In Recoleta, BA Goes Underground to Solve the Parking Shortage

Patrick Archer ba government, buenos aires events, real estate

Parking in Buenos Aires is a problem, especially in areas of Capital Federal like Puerto Madero and Recoleta with high construction density and no Subte stations. With dwindling available lot options for above-ground parking, the City of Buenos Aires decided to go underground with a new parking garage at Pueyrredon and Las Heras. The Estacionamiento Mitre, which opens today, is …