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 …

Buenos Aires Real Estate Developers Begin To Accept Payments in Pesos

Patrick Archer aruba, buenos aires events, real estate

pesoficar (PAY · zoh· fee · car) verb  1. the act of converting something into pesos 2. (Argentinean) the process of real estate developers, who have traditionally only accepted payments in dollars, beginning to accept payments in pesos in an effort to counteract the recent slowdown in real estate activity prompted by currency controls which went into effect November 1, 2011. The pesofication …