Buenos Aires New Construction Requests Down 60%

Patrick Archer buenos aires events, real estate

City of Buenos Aires new construction requests fell 60% last year which means 2014 will be another year of diminished construction and sales activity, according to new data from Reporte Inmobiliario. In 2013, Buenos Aires builders and developers submitted requests for 713,188 square meters of new construction, a 58% decline from the 1.705 million square meters submitted in 2012. The 2012 …

Buenos Aires New Construction Activity Plummets 85%

Patrick Archer aruba, ba government, buenos aires events, real estate

Eighteen months since the implementation of currency controls intended to protect Argentina’s dollar reserves, new construction activity in the City of Buenos Aires is grinding to a halt. According to new data from the City’s Ministry of Housing, the number of requests for new construction permits fell 84.6% in the first two months of the year compared to the same …

M2 Lite: Buenos Aires New Construction Activity Down 25%

Patrick Archer aruba, buenos aires events, foreign investment, hotels & casinos, real estate

The 2011 currency controls responsible for double-digit monthly declines in Argentina real estate sales activity are also cooling the optimism of developers contemplating new construction in Buenos Aires. According to a new report from Reporte Inmobiliario, the total number of new construction permit requests submitted to the City of Buenos Aires fell 24.5 percent in 2012 from 24.3 million square …

Buenos Aires New Construction Permits Down 34% Compared to 2011

Patrick Archer aruba, buenos aires events, real estate

Currency conversion controls that have cooled the purchase of new and existing residential units in Buenos Aires are also forcing some developers to rethink breaking ground on new projects or expanding existing buildings, according to new data from the Ministry of Urban Development. Clarin’s Gustavo Bazzan says Buenos Aires new construction permits in the first quarter of this year were …

80% of Buenos Aires New Construction Permits Are For Smaller Units

Patrick Archer aruba, buenos aires events, real estate

Last March, Clarin’s Nora Sanchez wrote an excellent article charting the rapid growth of residential square footage in Buenos Aires and the modest growth in population over the past decade. At the time, the Director of BA’s Center for Statistics and Census said one of the factors explaining the SF growth > population growth equation was the fact that the …