With Dollars Scarce, Real Estate Prices Continue Falling Across Argentina

Patrick Archer average prices, foreign investment, real estate

Four years after the imposition of US dollar currency controls, average real estate prices are still posting double-digit declines across Argentina. Due to the Lack of Dollars, The Price of Apartments Fall In Almost All of Argentina is the headline of today’s analysis in El Cronista showing the average price of existing properties fell in 20 out of 25 real estate markets …

Buenos Aires Retail Vacancies Rising On Popular Streets

Patrick Archer buenos aires events, real estate

A growing number of retail outlets have closed their doors in the City of Buenos Aires this year due to higher rents and lower margins, according to a new report from the Buenos Aires Federation of Retail and Industry (FECOBA). The majority of the retail leases not being renewed this year were originally signed in 2010 or 2011 according to …

Condominium Swaps Reignite Land Sales In Buenos Aires

Patrick Archer average prices, buenos aires events, real estate

Currency controls may have forced a slowdown in the sale of existing units in Buenos Aires, but the sale of raw land is on the rise thanks to creative buyers and flexible sellers. Due to dollar restrictions, land is now being swapped for square meters of new construction is the rather lengthy headline in today’s iProfesional showcasing the rising tide …

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 …

96% Of Buenos Aires Real Estate Deals Use Unofficial Exchange Rate

Patrick Archer real estate

A new survey of Buenos Aires real estate agents, owners and developers reveals the overwhelming majority of deals in pesos are being closed at rates other than the official exchange rate. According to the report from Mercado and Reporte Inmobiliario, for those Buenos Aires real estate transactions where the buyer purchased a property in pesos, 38% closed using the intermediate …