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South American Real Estate News
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The impact of Covid-19 on real estate

From residential to retail, offices to logistics, the long-term impact of Covid-19 When we decided on the theme ‘tipping points’ for our 2020 Impacts programme at the end of 2019, various topics were discussed: climate change, demographics, technology and many more. What we didn’t know is that we were about to be faced with a pandemic. Covid-19 changed the way we work and live almost overnight and is likely to have a long-term impact on real estate. As countries come out of their strict lockdowns but…

Bringing up Children to be Bi or Multilingual is a must in todays interconnected world

Children raised bilingual or multilingual in the early days will mix languages. They make errors by using the syntax of one language and the words of another. (“Touch the guitar”, my old Spanish teacher’s daughter would say, instead of “Play the guitar”.) But these problems disappear quickly. By three or four, children reliably separate the languages, knowing which can be spoken with whom. Their fluency in each would be the envy of any adult language-learner. Many parents once believed that a second…

Covid-19: The Good, the Bad and the Ugly

In the depths of quarantine tedium, this writer unearthed two movies whose titles have an uncanny pertinence in these surreal times.  Readers well know that in the less than six months since the Covid-19 coronavirus infected its first unwitting human victim in Wuhan it has so far infected close to four million people and killed more than 272,000.  To break the chain of infection the citizens of many nations have been compulsorily quarantined (dubbed “lockdowns”) in time-heavy domestic limbos.…

Covide 19 awakens a new customer base for Latin America’s e-commerce giants

The coronavirus pandemic is reshaping consumer habits in Latin America, sending droves of buyers online for the first time. The coronavirus pandemic is reshaping consumer habits in Latin America, sending droves of buyers online for the first time. MercadoLibre Inc, the region’s largest e-commerce marketplace, said it registered 1.7 million new customers from February 24 to March 22, up 28 percent from the same period a year earlier. While lockdowns to slow the spread of the coronavirus have been a boon…

Argentina imposes toughest travel ban in the Americas, sparking outcry

Argentina on Monday banned all commercial flight ticket sales until September, one of the toughest coronavirus travel bans in the world, prompting an industry outcry that the new measure will put too much strain on airlines and airports. While the country’s borders have been closed since March, the new decree goes further by banning until Sept. 1 the sale and purchase of commercial flights to, from or within Argentina. The decree, signed by the National Civil Aviation Administration, said it was “understood…

Complete Guide to Estancias of Argentina

image of Estancia Villa María
Guide to Estancias of Argentina Rarely does one get something for nothing but the complete guide to the Estancias of Argentina is right now. But author, Stephane Parrenin, is offering the new release of his e-book via  Gateway to South America literally for FREE. The e-book complete guide to Estancias of Argentina is called eStancias: It offers readers a list of estancias, per province, with a link to the property’s website and location on Google maps. These estancias provide various levels of hospitality…

Covid-19 offers an odd glimpse of a new future

Covid-19 is certainly not going to change the world forever, but it is going to change quite a few things, in some cases for a very long time. Here is some of them. 1. The clean air over China’s cities in the past month, thanks to an almost total shutdown of the big sources of pollution, has saved twenty times as many Chinese lives as Covid-19 has taken. (Air pollution kills about 1.1 million people in China every year.) People will remember this when the filthy air comes back and will want something done…

Coronavirus legal alert: Disruptions to Contracts and the Mining Equipment, Technology and Services industry

Interesting times from a legal perspective! With the COVID-19 coronavirus outbreak continuing to unfold across the globe, the METS industry (Mining Equipment, Technology and Services ) has not been invulnerable to the effects of the pandemic, as global supply chains and other commercial agreements are subject to great pressure. Many of our clients in the METS industry have already approached us regarding some of the potential legal impacts of the pandemic, with one of the key concerns that industry players…

The world’s most beautiful bookstore

One of Buenos Aires Cultural Gems The Ateneo Bookstore is an architectural jewel in Buenos Aires, is considered the world’s most beautiful bookstore according to National Geographic. ​ “On a bustling commercial street in the fashionable Recoleta neighborhood of Buenos Aires, Argentina, you can visit a serene temple of books”, the world-renowned publication said of the city’s most famous bookstore. “Conversations are hushed, as if in a grand library, yet the space is so warm…

” Open veins of Latin America” A must read for anyone thinking of doing business or living in Latin America

This translated book begins with a foreword by left-wing writer Isabel Allende, and here is  just one quote from her  introduction of the book: “His work is a mixture of meticulous detail, political conviction, poetic flair, and good storytelling.” The translation by Cedric Belfrage merits special note. This book sings in English, and the translator has done justice to the original. A major recurring theme throughout the book is that of capital squandered by the few while the many actually producing…

The Estrugamou in Buenos Aires – The Pinnacle of French Classical Architecture

image of Vida cosmopolita en Buenos Aires
On the corner of Juncal and Esmeralda streets, in the Retiro neighborhood of Buenos Aires, sits a stately and imposing relic of an era of French architecture in Buenos Aires, a city often dubbed the “Paris of South America.” The residential Estrugamou Building, or Edificio Estrugamou, resembles an aristocratic French mansion, with its chimneys, mansard roof, cornices, and three-story classical columns. The first wave of French architects came to Argentina in the 1820s, shortly after independence from Spain…

10 property tips when buying

My thoughts from 30 yrs in the real estate industry. Tip 1: Contact your broker, don’t wait for them to contact you – Good properties always sell even in a tough market. Your ability to buy the best properties that tick all of your boxes comes down to the relationships you have with the local brokers, so take the lead and make sure they always think of you first when they become aware of that perfect property. Tip 2: Buy when you can afford to buy – You will never get: (1) High growth,…

Who is to blame for the high inflation in Argentina

Most of the opinion polls tell us that after government corruption high inflation is the public’s Number One worry shortly followed by insecurity. We shouldn’t need the pollsters to tell us that. We can listen to the complaints in the lines at the supermarkets, read the headlines in newspapers, or hear the pronouncements of business leaders and political candidates. Inflation is terrible cancer that must be brought under control, we are constantly warned, or we face a bleak future and perhaps an economic…

Buenos Aires City Neighborhoods Explained

Buenos Aires is divided into a number of “barrios”, which means neighbourhoods or suburbs. Each one of them has something special to offer and has an important story that identifies the spirit and characteristics of its citizens. To find your way around the city, you can quickly navigate the cities Map of Buenos Aires neighbourhoods. Where to Stay in Buenos Aires? Insider information of the most popular Buenos Aires neighbourhoods: Recoleta: firmly established as the most cultured neighbourhood…

Argentine Real Estate Crisis: Profitability has slumped to an all-time low

The average return reached 2.8% this year meaning it takes 36 years to recoup the investment. Selling prices dropped in 87% of the city neighbourhoods The profitability of the properties continues its downward path and, with an average of 2.8% a year, reaching a new all-time low, according to a report prepared by ZonaProp. The survey highlights that the devaluation of the peso in August caused the price of rents measured in dollars to fall sharply. Although the sale value of the properties declined, this was…
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