South American Real Estate News
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Argentina has the World’s Worst Currency: Shattering Home Buyers’ Dreams

Homes in Argentina are priced in U.S. dollars even though buyers can only take out mortgages in pesos, the world’s worst performing currency against the greenback. And that’s only where the pain begins. Argentina’s once thriving housing market — an example of its pro-business turnaround under President Mauricio Macri — has fallen victim to both the peso’s 50 percent plunge this year and soaring interest rates which exposed a convoluted property-buying process. Decades of economic booms and…

Argentina Economy turns with the first trade surplus since December 2016

September’s trade balance improvement was driven by significant declines in imports of capital and consumer goods, as well as a more competitive peso currency Argentina had a trade surplus of US$ 314 million in September, official statistics agency Indec said on Tuesday, the first since December 2016 and an early sign the devaluation of the peso currency has benefited the country’s exporters.  Economists say September’s trade balance improvement was driven by significant declines in imports of capital…

Argentina The here and now: towards a more competitive country

Today more than ever it is important to emphasize that achieving a competitive economy remains one of Argentina’s outstanding objectives. Given the fact that the most competitive countries in the world are the ones that are the most developed and, in most cases, have less inequity, only a significant leap in our competitiveness will allow us to go through a sustainable path of economic growth. Structurally, a country is competitive when under open market conditions it has created and maintained the conditions…

Big Data + AI applied to Real Estate valuations

Reporte Inmobiliario has responded in the past two months to over 68,000 queries related to the residential market through its geolocation tool, market analytics, and housing valuation engine,  for up to date Market Valuations. The tools are available online on the Reporte Inmobiliario website free to individuals and provide useful information needed when selling, buying, renting or investing in a home. “These tools were launched a little less than a year ago, using the AI technology available today…

For real estate companies in Buenos Aires, the new rental act will make less available stock pushing up rents

Real Estate professionals are against extending the contracts from 2 to 3 years and add that the banks charge very expensive guarantees. After studying the key points to the reform to the law of residential rentals proposed by the government, some real estate operators took a more critical look. Especially with the extension of 2 to 3 years of the length of contracts, which for the sector will have the effect of reducing the number of apartments for rent and push up rents. The president of the School of Realtors…

HOW VULNERABLE IS THE $100+BN PROPERTY PORTAL INDUSTRY WORLDWIDE?

This is an article written for a New Zealand audience but the challenges and disruption that is causing some in their real estate industry to pause is also very applicable to the South American market which is very fragmented with a low level of transparency.  It was written by Alister Helm a licenced real estate salesperson and journalist.  “It was 5 years; almost to the month that Trade Me made its ill-fated blunder. A very costly blunder, a blunder that continues to hold strong memories within the…

Unique Buenos Aires Bar takes out a top award

FLORERIA ATLANTICO Arroyo 872, Buenos Aires Once a year the worlds top bars are ranked. It is a list that celebrates the best of the international drinks industry. Now in its 10th year, The World’s 50 Best Bars provides an annual ranking of bars as voted for by more than 500 drinks experts from across the globe. The list represents the ultimate international guide to the world’s top bars and drinking destinations. The 2018 list was revealed on Wednesday 3rd October at the drinks industry’s most prestigious…

How much per square metre is housing in Buenos Aires? The most expensive and the cheapest neighbourhoods

According to the report of Properati and Oikos Bs. As., some neighbourhoods in Buenos Aires have increased more than 60 percent in the last twelve months. Buying a property in the city of Buenos Aires (CABA) in March 2018 was 10.6 percent more expensive than doing it during the same month of last year, with respect to last February, the values increased by 1.5 percent. This data follows from the April report by Properati and Oikos Bs.As. On the results of the real estate sector in the past month. The survey…

Templeton Funds: “Argentina suffered a speculative attack but is now recovering”

The head of the largest investment fund in Argentina attributed the dollar crisis to misinformation in the financial markets. One of the biggest investors in Argentina said that the financial crisis is ending, and he blamed the chaos that hit the market this summer a “massive speculative attack” and the exaggerated reaction at a local level. The funds controlled by Michael Hasenstab, a major fund manager of Franklin Templeton, invested about 4.6 billion dollars in Argentine debt, betting that the…

Uber’s strongest growth is in Argentina

Uber’s fastest-growing market in the world is now Argentina, the company executives say. Twenty percent of its drivers in Buenos Aires, the only city where it operates in Argentina, were jobless immediately before joining Uber. The economic downturn, “has certainly helped many people find us as an alternative source of income,” Felipe Fernandez Aramburu, who runs Uber business development in Argentina, told Reuters in a recent interview. Despite worries about the country’s economy, which shrank 4.2…

A Night of Buenos Aires Tango – Stunning Photography

Buenos Aires Tango Buenos Aires Tango, a set on Flickr. A Tango night photographed by world renown Frenchman Christian Senat when he was in Buenos Aires recently visiting Gateway to South America – Buenos Aires. Buenos Aires Tango & Milonga Guide Six Great Tango Shows in Buenos Aires There are many, many tango shows in Buenos Aires. The format is usually a dinner show with a variety of dancers and musicians performing over a period of somewhere between 1.5 and 3 hours. Some are located in venues that…

Will real estate agents be replaced by robots?

It’s no longer a question of whether but rather when the real estate industry will be disrupted. Our way of selling and buying houses remains a pain point. California-based investment advisor Ross Gerber summed up what lots of us think when he said, “The real estate industry desperately needs … a transparent, predictable and liquid market that not only captures supply and demand dynamics but allows for expeditious, low-cost and hassle-free transactions. Such a market would increase activity,…

Don’t Sell, Seduce when advertising!

Emotional ads are processed quite differently by the brain than those that appeal to logic, according to a new study published in the Journal of Neuroscience, Psychology and Economics shows that. That might seem like old news to Neuromarketing readers, but the experimental approach was somewhat different than past efforts in this area. Researchers at UCLA had subjects view different ads, some that used logical persuasion to sell, and others that used what they called “non-rational influence” ads. The…

11 mistakes a new real estate sales person should avoid making

Anyone starting a new job is bound to make some mistakes along the way. Having said that there are some basic ones not to make. 1. Not choosing the best agency in the speciality you are interested in. Anxious to get their careers off the ground, many newbie agents often make the mistake of not choosing the best agency to work with. From a recruitment perspective, the biggest mistake would be choosing a less than ‘best in market’ agency to commence your career with. “You learn so much in your…

Buenos Aires ranked the best city in Latin America to live, according to “The Economist”

For the fourth consecutive year, Buenos Aires led the ranking of the Economist magazine as the best city in Latin America to live. it was 61 ° between 140 cities around the world, above Santiago de Chile and San Juan de Puerto Rico. number 1 was Vienna, the Austrian capital, which dethroned the Australian Melbourne. The Economist Intelligence Unit’s “Global Liveability Index”, which has been in place for eight years, assigns a score in the dimensions: stability; culture and environment; education;…