Buenos Aires Real Estate Sales Hit Lowest Level In 30 Years

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

Real estate activity in the City of Buenos Aires fell for the third consecutive year making 2014, a year when over 800 real estate offices closed their doors, one of the slowest years in three decades. According to the Buenos Aires Notary College, the total number or residential real estate closings in the Argentine capital fell to 33,694, a 6.2% …

Argentina Real Estate Market Defined By Reluctant Builders, Sellers

Patrick Archer foreign investment, real estate

Argentina real estate sales activity has fallen dramatically over the past three years due to government-imposed currency controls. Potential sellers unwilling to part with their properties in exchange for pesos have been the primary culprit, but now reluctant builders are putting an additional squeeze on the supply-side of the housing equation. That was the primary takeaway of this week’s First Annual …

Q: Who Wants To Sell A Buenos Aires Property For Pesos? A: Nadie.

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

The two-year plus attempt to convince Buenos Aires real estate buyers and sellers to broker deals in pesos was an epic fail judging by the number of Capital Federal properties listed today in pesos versus dollars. The Pesofication Of the Real Estate Market Failed is the headline of Alfredo Sainz’ analysis in La Nacion which traces the origin of the 100% …

Buenos Aires Real Estate Sales Activity Hits 35-Year Low

Patrick Archer average prices, foreign investment, real estate

Buenos Aires real estate sales activity reached its lowest level in 35 years thanks in large part to US dollar currency controls and a failed attempt at convincing buyers and sellers to broker deals in pesos. Real Estate Sales: The Worst Index in 35 Years is the headline of iProfesional’s analysis which says the local real estate market has always …

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 …