Trends del Este: Who’s Buying Punta del Este Real Estate Now?

Patrick Archer foreign investment, real estate, uruguay

Argentines, of course, but Cronista says Uruguayans are actually the number one purchasers of real estate in Punta del Este these days. The country’s economic bonanza fueled in part by a stable government encouraging domestic and foreign real estate investment, booming agricultural exports and Uruguay’s new-found status as the regional beef producer. “The economic change that Uruguay is undergoing makes you …

Interior Motives: Argentina Real Estate Values Rise in Rosario, Cordoba

Patrick Archer aruba, average prices, foreign investment, real estate

When it comes to Argentina, most foreign real estate investors focus primarily on Buenos Aires and secondarily on more tourist-oriented destinations with great natural amenities like Bariloche, Carilo, Mendoza or Salta. Often overlooked in the property shuffle are the second and third-largest cities in Argentina: Cordoba and Rosario, with populations of 1.3 million and 1.2 million, respectively. In making the case …

China To Back Argentina Rail Renaissance

Patrick Archer foreign investment

With close to 30,000 miles of functioning tracks, Argentina’s rail network was one of the world’s most extensive and profitable by the middle of the last century, but you wouldn’t know it by visiting the country today. Sixty years of neglect have left the once robust freight and passenger railroads a rusting shell of their former selves. For example the …

From Megas to Boutiques, Buenos Aires Hotel Sector Is Booming

Patrick Archer foreign investment, franchises, hotels & casinos, tourism

Foreign buyers. Global brands. Mega-deals. Few sectors of the local economy can compete with the luxury hotel business for headlines and superlatives. Coveted parcels are the object of bidding wars, while others are selling for as much as $21 million. Today Cronista gives a sweeping analysis of el sector hotelero in both Argentina and Uruguay while highlighting emerging trends like …

Exchange Rate, Foreign Investors Boosting Argentina Luxury Hotel Sector

Patrick Archer foreign investment, hotels & casinos, lifestyle, tourism, us companies

While new hotel construction slowed in Argentina in 2008-09, the sector is starting to come back to life thanks to a more favorable peso/dollar exchange rate and the determination of international investor groups, according to Ellen Hoffman of Hotel News Now (HNN). The current 3.8 peso/dollar exchange rate, about 20% higher than two years ago, has helped New York-based developers …