Buenos Aires Real Estate Sales Continue Rising Rhythm

Patrick Archer average prices, foreign investment, real estate

The sale of new and existing properties continues its upward trajectory in the City of Buenos Aires after a lethargic 2009. The market recovery that began last December has gained momentum during the course of 2010 as we reported in May. Now the latest statistics from the BA Notary College show a 31.3% gain in real estate transactions closed in …

Buenos Aires Real Estate Market Showing Strength

Patrick Archer foreign investment, real estate

A story we’ve monitored closely since the end of last year is the recovery of the Buenos Aires real estate sector. After an abysmal 2009, December finally offered a positive note; a trend that continued during the first four months of this year. Now the newly-released housing data for May suggest BA’s property rebound is in full swing. According to …

Maldonado, Uruguay Construction Reaches New Heights

Patrick Archer foreign investment, real estate, uruguay

The Uruguayan coastal state of Maldonado, home to popular beach side destinations like Punta del Este and Jose Ignacio, is poised for another record year of new residential development, according to state development and tourism officials. In an interview with El Pais, the Director of City Tourism for Maldonado Horacio Di­az says in January and February, developers submitted approval requests for …

Buenos Aires Real Estate Sector Posts Strong Gains

Patrick Archer buenos aires events, foreign investment, real estate

March housing data just released by the BA Notary Institute (BANI) shows continuation of a positive trend that started last December. According to BANI, the number of real estate transactions was up 37% in March 2010 compared to March 2009, while the total value of all sales climbed 57% and the median price per transaction rose 15%. The breakdown of …