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 …

Boom Of Argentine Exporters Opening Offices In Montevideo

Patrick Archer aruba, competitiveness, foreign investment, real estate, uruguay, visionaries

In the latest chapter of crisis argentino creating oportunidad uruguaya, Argentine service export companies are rushing to open offices in Montevideo in order to circumvent currency controls and ultimately boost their bottom lines by over 50%. Companies Exporting From Uruguay To Avoid Exchanging At the Official Rate is the headline of Mariano Gorodisch’s expert analysis in Cronista which summarizes several …

As Blue Rate Touches 10, The Messi Dollar Takes The Field

Patrick Archer buenos aires events, lifestyle, tourism

The blue dollar, the celeste (light blue) dollar, the Casino dollar, the Miami dollar, the Colonia dollar…there is no shortage of names for the unofficial rates at which Argentines and foreign visitors are exchanging greenbacks for pesos. Now that the blue rate is approaching “10,“ it was only a matter of time before it garnered a new nickname in reference …