Uruguay Sells Buenos Aires Embassy Building For US$12.5 Million

Patrick Archer buenos aires events, real estate, uruguay

Two months after putting the thirteen-story Recoleta property on the auction block, Uruguay has sold its embassy in Buenos Aires for an estimated 36% haircut. Officially announced in April, the bid process for the property at the corner of Las Heras and Ayacucho closed on June 5th with a total of five bids submitted from Nicolas Billa, Morning Mist Limited, …

Buenos Aires Real Estate Sales Fall But High-End Segments Soar

Patrick Archer average prices, buenos aires events, foreign investment, real estate

Buenos Aires real estate sales activity posted another double-digit loss compared to 2013, according to the latest monthly report from the Buenos Aires Notary College. Released today, the new report shows Buenos Aires real estate closings fell 15.4% in May compared to the same month in 2013.  But dig a little deeper, and it’s a tale of two markets with …

Uruguay Selling Argentina Embassy Building In Recoleta

Patrick Archer buenos aires events, real estate, uruguay

Uruguay will continue the policy of auctioning off high-profile, state-owned properties when it auctions off its embassy in Buenos Aires in June. First it was Punta del Este, then it was New York and now Recoleta is on the auction block. The thirteen-story building is located in Recoleta at the corner of Avenida Las Heras and Ayacucho. Selling points include …

La Nación: Several Reasons Why Argentina Is Attractive to Foreign Buyers

Patrick Archer foreign investment, lifestyle, real estate, us companies

La Nacion sat down with Richard Moeser, head of Latin America and the Caribbean for Christie’s Great Estates, on his recent trip to Buenos Aires. While the Christie’s VP was focused on the progress of the Al Ri­o project in Vicente Lopez, he shared his thoughts regarding the fascination that U.S. and other international buyers hold for Argentine food, wine, …