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 …

Mythbusters: Puerto Madero Edition

Patrick Archer average prices, foreign investment, real estate

PuertoMadero is a favorite real estate topic on InvestBA for a variety of reasons. Superlatives make for interesting reading, and Puerto Madero (PM) has certainly generated its fair share since incorporation and waterfront transformation commenced in November 1989. La Nacion throws a skeptical eye at those superlatives and culls the Top 10 Myths about Puerto Madero. #1.) It’s the youngest …

From Megas to Boutiques, Buenos Aires Hotel Sector Is Booming

Patrick Archer foreign investment, franchises, hotels & casinos, tourism

Foreign buyers. Global brands. Mega-deals. Few sectors of the local economy can compete with the luxury hotel business for headlines and superlatives. Coveted parcels are the object of bidding wars, while others are selling for as much as $21 million. Today Cronista gives a sweeping analysis of el sector hotelero in both Argentina and Uruguay while highlighting emerging trends like …

Mar del Penthouse: Coastal Boom for Mar del Plata Real Estate

Patrick Archer foreign investment, real estate, tourism

Yesterday was a historic day here in Buenos Aires. Millions took to the streets to celebrate the 200th anniversary of the Revolution for independence from Spain. Further down the coast in Mar del Plata, festivities were equally raucous; yet, it’s another “200” that’s generating headlines. That’s the number of new buildings currently under construction in this seaside metropolis of 550,000 …

Buenos Aires Real Estate Sector Posts Strong Gains

Patrick Archer buenos aires events, foreign investment, real estate

March housing data just released by the BA Notary Institute (BANI) shows continuation of a positive trend that started last December. According to BANI, the number of real estate transactions was up 37% in March 2010 compared to March 2009, while the total value of all sales climbed 57% and the median price per transaction rose 15%. The breakdown of …