Buenos Aires Real Estate Closings Down 45% In June

Patrick Archer average prices, buenos aires events, real estate

Real estate closings in the City of Buenos Aires were down 45% in June compared to one year ago, as currency controls and election year uncertainty continue to put a damper on local sales activity. While the total number of residential closings dropped 44.7%, the total peso-denominated value of those deals was down 37.2%, according to the Buenos Aires Notary …

Buenos Aires New Construction Activity Plummets 85%

Patrick Archer aruba, ba government, buenos aires events, real estate

Eighteen months since the implementation of currency controls intended to protect Argentina’s dollar reserves, new construction activity in the City of Buenos Aires is grinding to a halt. According to new data from the City’s Ministry of Housing, the number of requests for new construction permits fell 84.6% in the first two months of the year compared to the same …

McDonald’s To Open On “The Most Famous Corner” in Argentina

Patrick Archer aruba, foreign investment, franchises, real estate, us companies

It used to be a Cinema, but it wasn’t a cinema. It was just located next to a cinema, but the cinema closed in 2002 and the Cinema closed earlier this year. So the cinemas are long gone, but what remains is one of the most valuable corners of commercial real estate in Buenos Aires: Callao and Santa Fe. Clarin’s …

City of Buenos Aires Real Estate Activity Down 5%; Property Values Up 17%

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

Government-imposed currency controls continued to have their cooling effect on real estate activity in the City of Buenos Aires, as property transactions were down for the fourth consecutive month in Capital Federal. The new data from the BA Notary College shows 4,661 closings in the month of April, a 4.8% decrease compared to April 2011, according to Clarin’s Natalia Muscatelli. …

Buenos Aires New Construction Permits Down 34% Compared to 2011

Patrick Archer aruba, buenos aires events, real estate

Currency conversion controls that have cooled the purchase of new and existing residential units in Buenos Aires are also forcing some developers to rethink breaking ground on new projects or expanding existing buildings, according to new data from the Ministry of Urban Development. Clarin’s Gustavo Bazzan says Buenos Aires new construction permits in the first quarter of this year were …