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 …

As Market Activity Slows, Argentina Real Estate Chamber Seeks Answers

Patrick Archer aruba, foreign investment, real estate

Currency controls, inflation and uncertainty are on the rise these days in Argentina, while dollars in circulation, consumer confidence and real estate sales are down. Now the head of the country’s Real Estate Chamber says, without answers or intervention, this cocktail threatens to further hinder real estate activity in Argentina. Nestor Walenten says more buyers are reluctant to move forward, …

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. …

Despite Demand, Mendoza Real Estate Market Sees New Construction Pullback

Patrick Archer aruba, foreign investment, real estate

After several years of double-digit growth, the pace of new construction in Mendoza is slowing down according to Diario Uno’s Claudia Pagliarulo. The same factors that have prompted a pullback for developers in Buenos Aires are having the same effect in Mendoza including the rising cost of new construction materials and new currency controls making it more difficult for Argentines …