Buenos Aires Now Among The Cheapest Real Estate In South America

Patrick Archer average prices, buenos aires events, competitiveness, foreign investment, global rankings, real estate

Buenos Aires real estate prices are among the cheapest in South America, according to a new report of middle and upper-class neighborhoods in major metros. Buenos Aires Has The Cheapest Properties In South America is the headline of Alfredo Sainz’ analysis in today’s La Nacion which reveals “existing apartments in Buenos Aires are 10 to 25% cheaper than in the …

Slowest July In Recorded History For Buenos Aires Real Estate Market

Patrick Archer average prices, buenos aires events, real estate

July was the coldest month of the year in Buenos Aires in terms of temperatures and real estate activity. New numbers released today by the BA Notary College show sales are flat and peso-denominated prices are soaring as the Argentine peso is now trading at 14.25 to the dollar on the informal market. The total number of real estate closings …

Buenos Aires Real Estate Sales Rose 27% In January

Patrick Archer average prices, buenos aires events, real estate

The number of real estate deals in the Province of Buenos Aires rose 27% in January reversing a two-year trend of slumping sales caused by currency controls meant to protect dollar reserves in the Central Bank. The Notary College attributes the turnaround in Buenos Aires real estate sales to the partial loosening of those controls last month, and the fact that bricks …

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 …