Express Boom Rapidly Changing Buenos Aires Supermarket Landscape

Patrick Archer buenos aires events, competitiveness, foreign investment, franchises, real estate, us companies

Hundreds of Asian-owned Buenos Aires supermarkets are closing now that multinational giants like Carrefour and Walmart are blanketing BA barrios with their own “express” markets. “Around 400 super chinos closed last year alone and 1,100 jobs disappeared. The expansion of the large chains under the express model siphoned off a lot of our customers which hurt the profitability of our business,” …

FranchiseBA: Palermo Cafe Brings 3D Printing To The Masses

Patrick Archer buenos aires events, creative class, entrepreneurs, franchises, real estate

A new Buenos Aires business is bringing 3D printing to the masses and a new franchise model which puts a more collaborative twist on the old cybercafe concept. The 3D Lab Fab & Cafe opened this week in Palermo Soho (Costa Rica 5198) with the goal of offering a space where, according to the website, patrons can “have a coffee, spend …

96% Of Buenos Aires Real Estate Deals Use Unofficial Exchange Rate

Patrick Archer real estate

A new survey of Buenos Aires real estate agents, owners and developers reveals the overwhelming majority of deals in pesos are being closed at rates other than the official exchange rate. According to the report from Mercado and Reporte Inmobiliario, for those Buenos Aires real estate transactions where the buyer purchased a property in pesos, 38% closed using the intermediate …

50% Decline in Real Estate Classifeds in Buenos Aires

Patrick Archer foreign investment, real estate

The number of residential properties being advertised for sale in the City of Buenos Aires has fallen 50% compared to last year, as more dollar-seeking BA property owners put their listings on the back burner. The market study from Reporte Inmobiliario is a measure of the total number of real estate classified ads published in BA papers on the first Saturday …

“Oasis Verde”: Buenos Aires Short-Term Rental Properties

Patrick Archer average prices, real estate

The lead story in today’s iProfesional describes the “oasis verde” that Buenos Aires property owners have discovered by renting their residential properties to foreigners here for business, school or sheer pleasure. As we’ve chronicled since January, the dollar drought prompted by currency controls forced the majority of BA sellers to pull their listings and lock-in pesos with one and two-year …