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 …

Uruguay Embraces Pro-Construction Policies

Patrick Archer foreign investment, real estate, tourism, uruguay

After the U.S.’s $787 billion Grow Government package which Harvard essentially labeled a failure, it’s refreshing to hear about a stimulus package that could actually create jobs, promote development and provide some much needed housing. Montevideo’s LR21 reports today on the Uruguay government’s decision to promote a series of fiscal stimulus measures to incentivize private investment in the construction of …

City of Buenos Aires Construction Activity Rises 10%

Patrick Archer average prices, foreign investment, real estate

Recent headlines regarding Buenos Aires real estate sales activity have been improving steadily this year, and La Nacion says builders are starting to feel equally optimistic. During the first five months of 2010, the construction industry posted a 10% increase in new projects under development, while the sale of condominiums and single-family homes advanced 7.1%, according to the Universidad Argentina …

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 …