Puerto Madero New Condos Keep Rising Over Docks 2 and 3

Patrick Archer average prices, buenos aires events, hotels & casinos, lifestyle, real estate

When the master plan for Puerto Madero was first unveiled in 1992, there was no mention of high-rise buildings for commercial or residential use. Two decades later, there are two dozen Puerto Madero buildings with over 20 stories and more on the way. Puerto Madero Reaches 26 Towers & Changes BA’s Horizon is the headline of Pablo Novillo’s analysis in …

Puerto Madero: The Neighborless Nirvana in Buenos Aires

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

Exactly four months have passed since we shared the news that 7 of every 10 units in Puerto Madero sits vacant. And while one can draw their own conclusions about perceived frothiness in an individual neighborhood, Florencia Guerrero doesn’t beat around the bush. “Puerto Madero is the most expensive neighborhood in the city. It doesn’t have schools, hospitals or bus …

Only 28% of Puerto Madero High-Rise Units Are Occupied

Patrick Archer foreign investment, real estate

That statistic according to Clari­n in the latest analysis of the high-profile BA neighborhood. InvestBA reported in December on the recent pullback in closing prices for Puerto Madero units, and now 2010 Census data shed additional light on the high ratio of investor-owned units in some of BA’ s most expensive high-rise condominiums. The numbers, culled from the 2010 Census, …

Buenos Aires Property Search: Puerto Madero Condominiums

Patrick Archer buenos aires events, real estate

This week’s featured property search focuses on luxury high-rise properties in Puerto Madero. Last week a front-page story in Cronista suggested recent closing prices are roughly 20-30% lower than the price levels reached during 2009 and early 2010. To get a better for the statu quo portuario inmobiliario,InvestBA selected ten properties in eight buildings spread across Docks 2, 3 and …

Puerto Madero Real Estate Prices Begin Pullback

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

A few months back InvestBA shared the Top 5 myths about Puerto Madero, and now Cronista adds a sobering sixth: real estate prices will continue rising indefinitely. Not only have residential prices in BA’s tony waterfront barrio hit the top, they’ve already dropped about 30% from the peak when new units were fetching US$464/SF ($5,000/m2) on average. While many brokers …