Buenos Aires Real Estate Sales Rose 27% In January

Patrick Archer average prices, buenos aires events, real estate

The number of real estate deals in the Province of Buenos Aires rose 27% in January reversing a two-year trend of slumping sales caused by currency controls meant to protect dollar reserves in the Central Bank. The Notary College attributes the turnaround in Buenos Aires real estate sales to the partial loosening of those controls last month, and the fact that bricks …

Cordoba Real Estate Developer Unveils 5 Tower Love Project

Patrick Archer competitiveness, hotels & casinos, real estate

Cordoba has been one of the more resilient real estate markets in Argentina’s interior during the past two years of currency controls. In fact, over 3,700 new real estate deals closed in Cordoba in August alone. Now a local developer is betting on a continuation of Cordoba’s never-ending love for ladrillos with an aptly named megaproject called LOVE. The centerpiece …

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 …

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 …

Buquebank: Argentines Withdraw Millions From Colonia ATMs

Patrick Archer buenos aires events, entrepreneurs, tourism, uruguay

Six weeks ago we learned that sleepy Colonia del Sacramento posted the largest percentage increase in Argentine bank deposits of any city in Uruguay. Now those same Argentine account holders are racking up the Buquebus frequent ferry miles and giving the shiny new ATMs in Colonia’s 27 banks the workout of a lifetime. According to El Pais’ Pedro Ramon Clavijo, …