Argentine Peso Devaluation Deepens With “Brick Rates” Reaching $10

Patrick Archer average prices, real estate

Argentine peso devaluation accelerated this week with the ARS posting its largest one-day decline in a decade yesterday falling 3.5% to 7.14 pesos per US dollar, and unofficial rates like the Blue and the Brick are following suit. Just two months ago the Brick dollar, the intermediate rate often used for real estate transactions, was trading between $7.70 for new …

More Buenos Aires Condo Deals Close At Brick Dollar Rates

Patrick Archer average prices, buenos aires events, real estate

A new market survey of Buenos Aires condominium prices shows the rising trend of property owners and renters closing deals at the “dolar ladrillo” or “brick dollar” exchange rate. The ZonaProp analysis of negotiated prices for existing rental properties suggests that more owners are accepting pesos at the brick dollar rate of $8.3 pesos per dollar which is $3.4 pesos …

Argentina Property Owners Consider New Variables When Renting, Selling

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

There are many thermometers Argentines use to take the temperature of the local economy, and one of those is public opinion regarding the attractiveness of real estate. Now there is a new variable which interests Argentina property owners, especially those who consider renting their properties, writes Fernando Gutierrez in today’s iProfesional. The new variable takes into consideration the dollar, exchange …

Cordoba: Argentina’s Second City Often First in Affordability

Patrick Archer average prices, foreign investment, global rankings, real estate

We already know that Buenos Aires is one of the world’s most affordable major metros, but what if you’re looking for an even greater bang for your greenback? Well, look no further than Argentina’s second city, Cordoba, where some neighborhoods are among the most affordable in Argentina. In an article titled “Who has the cheapest square meter?”, PuntoBiz shares a sweeping …