Buenos Aires Real Estate Sales Continue Rising Rhythm

Patrick Archer average prices, foreign investment, real estate

The sale of new and existing properties continues its upward trajectory in the City of Buenos Aires after a lethargic 2009. The market recovery that began last December has gained momentum during the course of 2010 as we reported in May. Now the latest statistics from the BA Notary College show a 31.3% gain in real estate transactions closed in …

The Argentine Economy Recovers Strength

Patrick Archer competitiveness, foreign investment

The buzz about Argentina seems to be having an impact on investors of all stripes. After Sunday’s 3-1 defeat of Mexico, global betting sources say the Albiceleste’s odds of winning the World Cup improved to 15/4, third only to Spain and Brazil. Whether sports gambling qualifies as “investing” is certainly open to debate; however, a more sober cadre of long-term …

Argentina Among The Most Affordable Countries For Wine Production

Patrick Archer average prices, competitiveness, foreign investment, global rankings, wine & vineyards

Global investors must weigh a variety of factors like country risk, capital controls and transparency before choosing where in the world to invest. But what about winemakers? The number of wine producing countries (70) is over twice the number of teams that compete in a World Cup (32). Plus global grape production (675 million quintals last year) was widely distributed …

Internet, WiFi Penetration Continues to Rise in Argentina

Patrick Archer lifestyle, technology

Sales of LCD TV’s in Argentina are currently up 150% over last year, but many analysts say those numbers will taper off once the World Cup is over. The growth of new Internet subscribers, however, should continue its upward trajectory as more Argentine residents and businesses seek broadband access to online content. According to infobae.com, over 700,000 new residential users …

Exchange Rate, Foreign Investors Boosting Argentina Luxury Hotel Sector

Patrick Archer foreign investment, hotels & casinos, lifestyle, tourism, us companies

While new hotel construction slowed in Argentina in 2008-09, the sector is starting to come back to life thanks to a more favorable peso/dollar exchange rate and the determination of international investor groups, according to Ellen Hoffman of Hotel News Now (HNN). The current 3.8 peso/dollar exchange rate, about 20% higher than two years ago, has helped New York-based developers …