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

Now a local developer is betting on a continuation of Cordoba’s never-ending love for ladrillos with an aptly named megaproject called Love Cordoba. The centerpiece of the project will be five high-rise towers with a total of 1,000 units and over 131,000 square meters (1.4 million square feet) of construction. In addition to the residential component, LOVE will have 37,700 …

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 …

Buenos Aires Developers, Projects Target “Inversumidores”

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

Two new articles over the weekend emphasize the shifting nature of real estate investment options in and around Buenos Aires. “Creative Products In Times of Crisis” is the title of an interesting market survey in Ambito Financiero’s weekly Real Estate supplement which describes current market offerings as lower priced, “not as popular” (as condominiums), and typically offered with peso-indexed financing. …