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 …

Double-Digit Discounts For Argentina Buyers With Dollars

Patrick Archer aruba, average prices, foreign investment, real estate

The stagnation of real estate market activity in Argentina brought on by currency controls has been offset in recent months by the “pesofication” of the market for new condo, home and lot sales. Pent-up demand and Argentines’ preference for real estate was evident two weeks ago when one BA developer launched a new phase in Pilar and set a company …

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 …