Will Javier Milei Change Argentina? An Initial Analysis

On November 19, Argentine voters elected Javier Milei, President of the Argentine Republic. Milei, an outsider with little political experience, is known for his “liberal” (in the Milton Friedman sense of the word) economic stances and his passionate televised appearances. His zealous repudiation of Argentina’s history of government intervention in the economy and redistribution of wealth has captured worldwide attention. The Milei Phenomenon Javier Milei is an economist and ardent defender of liberal…

BBVA: Argentina Economic Outlook. December 2023

Javier Milei will be Argentina’s new president. He takes office to correct strong imbalances in the fiscal, monetary and exchange rate fronts. Adjusting spending and changes in relative prices will lead to an acceleration of inflation and further contraction of GDP in the short term. Key points Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay,…

On Arroyo Street: there is a new luxury hotel in Buenos Aires in a historic building

The Mihanovich Building, where the once elegant Sofitel hotel once operated, will reopen its doors in January as a new luxury hotel: Casa Lucía. For 15 years, the iconic Sofitel hotel stood as a benchmark of elegance and luxury in the Retiro neighbourhood. On the imposing Arroyo Street, full of art galleries, design shops, restaurants, award-winning bars and embassies, this iconic establishment marked its presence in one of the most impressive historical buildings in the city. After the Cabezas family failed…

With the change in political direction, there is a boom in Buenos Aires Residential Sales with a 53% increase

The sales registered in October are positioned as the highest in the last six years. November is expected to be even higher. October was a month full of uncertainty and expectations due to the elections. But far from applying a wait-and-see policy and waiting to define who would be the next president of Argentina to try to predict how the market could evolve, the people kept the real estate market more active than ever. So much so that in October, 4,559 properties were registered, a record that can be read…

Libertarian Javier Milei to become Argentina’s next president

The ruling party’s presidential candidate, Peronist and current Minister of Economy of Argentina, Sergio Massa, acknowledged on Sunday the victory of his libertarian and far-right contender, Javier Milei, in the second round of elections in the country. The candidate of Libertad Avanza surpassed Massa in the ballotage by almost 8 points. The support received in the country’s interior, especially in Córdoba and Mendoza, was decisive, it was reported. Almost 50 minutes before the time announced for…

Five romantic restaurants in Buenos Aires that are perfect for a date night

Buenos Aires should be at the top of your list if you want a romantic getaway. There’s something about this city that just oozes romance. Maybe it’s the tango music that fills the streets, or perhaps it’s the picturesque architecture and charming cobblestone streets. But I think what makes Buenos Aires so romantic is its residents’ passion and energy. From the way they talk with animated gestures to the way they devour their meals, everything about Buenos Aires is done with a passion…

San Telmo in Buenos Aires, a neighbourhood that was among the least profitable for investors, has changed

In a few months, San Telmo went from being an unprofitable option for investors to being one of the neighbourhoods with the highest returns; the reason for this change. In the heart of Buenos Aires, the San Telmo neighbourhood surprised locals and strangers with a notable change in the profitability of its apartments. From going unnoticed as a less profitable option, this historic corner became the new protagonist of the real estate game, offering opportunities that few expected. Until a few months ago,…

Two-thirds of high-net-worth individuals investing in Uruguay are Argentinean: What do they know?

The sector of investment advisors and portfolio managers in Uruguay grew in the number of clients and employees last year. This sector currently manages the money of 36,170 clients, 63% of whom are Argentine, with a total of US$ 28.93 billion invested in different instruments. Data released by the Central Bank of Uruguay (BCU) shows that at the end of 2022, there were 67 portfolio managers and 106 investment advisors in the country. This is an increase of 10 from the previous year. Portfolio managers are legal…

Montevideo is the most expensive city in Latin America, according to a study by an Argentine university

The Torcuato Di Tella University, together with Zonaprop, a real estate website, prepared a real estate report in which they ranked the most expensive cities to live in Latin America, in which Montevideo appears as the most expensive of all. According to the report, the Uruguayan capital tops the list with US$ 3,054 per square meter, followed by Santiago de Chile, Mexico City, Buenos Aires, Rio de Janeiro, Sao Paulo, Monterrey and Lima. The most affordable cities per square meter are Bogotá (US$ 1,108/m²)…

China’s leading property company again in financial trouble: debt of US$ 328 billion

Trading of shares in Chinese property giant Evergrande and its two subsidiaries was suspended in Hong Kong on Thursday. A market statement on the Hong Kong Stock Exchange did not explain why trading in Evergrande Group’s securities and share certificates of Evergrande Property Services Group and Evergrande Electric Vehicle Group was halted. However, the suspension came after Bloomberg News reported that Evergrande’s Hui Ka Yan, also known as Xu Jiayin, was being held by police under “residential…

Our View of the Latin American Real Estate Market in 2023/4

An improvement is expected in 2023 in the real estate indicators for the region, mainly the offices. Hybrid and plug and -play will continue to be the trend. There will also be an increase in stability and availability of rental properties, as well as a positive absorption. In the case of industry, there will be a continuation of healthy inertia along with an optimistic projection. According to the 2023 Outlook of the real estate markets, compiled by Newmark Latin America. This analysis highlights that Argentina,…

Ranking: The five cities with the most expensive real estate in Argentina

It is historical, the properties located in the city of Buenos Aires are the most expensive in the country. Without going any further, according to the latest Index from the Zonaprop portal, in November, the average price of an apartment was US$2,562/m². However, the purchase price of real estate in some cities in the interior of the country is not far behind either. Based on a private survey by Zonaprop, which LA NACION was able to access, in which the cities that have -at least- between 400 and 1,300 properties…

This is the most Parisian street in all of Buenos Aires: it has the best cafes, and it is where the most renowned art galleries are located

Buenos Aires is characterised by its neighbourhoods of French architecture. Each one of them is completely different when it comes to going through them. For example, in the Retiro neighbourhood, there is Calle Arroyo, one of the most beautiful streets in the city. Over time, this art centre managed to become one of the places in the city that manages to attract the attention of all tourists who decide to visit Buenos Airesl. WHAT IS ARROYO STREET LIKE? Arroyo Street is one of the most picturesque in Buenos…

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We offer South American real estate investment opportunities in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay. We know buying South American Real Estate has specific rules for foreign citizens, rules we are familiar with and have worked with extensively. This is why we have created a programme to guide international buyers through purchasing real estate in South America, from finding properties for sale to helping clients comply with the required paperwork and legal procedures. South American News And…

Opportunity: how many fewer US dollars are needed now to build a house in a gated community in Buenos Aires than even last month

In dollars, the square meter is less than US$1,500, but the devaluation is not enough and the costs in pesos skyrocket. The financial instability that has shaken the economy in the last two months opened a new window of opportunity for savers in dollars from a new drop in the cost of construction: in July, building a house in a country house fell to less than USD 1,500/ m². However, despite the continuous devaluations, the strong inflation in pesos in construction means that costs in US currency are maintained…
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