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 …

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 …

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 …

Buenos Aires Construction Permits Double As Capital Federal Goes Vertical

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

Buenos Aires is growing up…literally. We saw hints of it last year with the new construction activity heat maps and the 70% bump in new buildings in Palermo Soho. But now we have full-year 2011 proof thanks to Reporte Inmobiliario (RI). According to RI, the number of new construction permits in the City of Buenos Aires jumped 50% in 2011 …