Argentina Real Estate Market Defined By Reluctant Builders, Sellers

Patrick Archer foreign investment, real estate

Argentina real estate sales activity has fallen dramatically over the past three years due to government-imposed currency controls. Potential sellers unwilling to part with their properties in exchange for pesos have been the primary culprit, but now reluctant builders are putting an additional squeeze on the supply-side of the housing equation. That was the primary takeaway of this week’s First Annual …

Buenos Aires Real Estate Sales Activity Hits 35-Year Low

Patrick Archer average prices, foreign investment, real estate

Buenos Aires real estate sales activity reached its lowest level in 35 years thanks in large part to US dollar currency controls and a failed attempt at convincing buyers and sellers to broker deals in pesos. Real Estate Sales: The Worst Index in 35 Years is the headline of iProfesional’s analysis which says the local real estate market has always …

Buenos Aires New Construction Requests Down 60%

Patrick Archer buenos aires events, real estate

City of Buenos Aires new construction requests fell 60% last year which means 2014 will be another year of diminished construction and sales activity, according to new data from Reporte Inmobiliario. In 2013, Buenos Aires builders and developers submitted requests for 713,188 square meters of new construction, a 58% decline from the 1.705 million square meters submitted in 2012. The 2012 …