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South American Real Estate News
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Argentina’s beleaguered government imposes capital controls

Fear of a return of the authoritarian and highly corrupt previous Kirchner government provokes a market crash, forcing the president’s hand When Maurico Marci was elected president of Argentina in 2015, one of his first acts was to abolish capital controls that restricted buying and selling of the peso. The move symbolised Argentina’s pivot back to open markets and liberal economic reforms under his rule. On September 1st, after weeks of market turmoil, Mr Macri was forced to issue a decree reimposing controls…

The Trees of Buenos Aires City

The most common trees – Census 2017-2018 The vast majority of the trees are on the streets are on the public roads (85%), and the rest are distributed between parks, squares and gardens (15%). There is a huge variety of species: there are 423 among them shrubs, conifers, palm trees and other botanical varieties. Comparison with the previous census In the seven years between the two censuses, 6,887 new specimens have been planted and another 27,137 were replaced that were at risk of falling or were dead.…

Buenos Real estate sales weak but prices keep rising?

The average price per square meter is around USD 2,330, close to a record. The owners prefer to delay selling rather than accept a lower price. This is not a new characteristic of the local market but reflects that few home owners have mortgagees so do not feel pressured to sell at what they see as a temporary pause. Whether this attitude will change with a likely change of government that has in the past put capital controls on the currency and wrecked the economy will remain to be seen but the high flow of…

A sophisticated web of real estate brokers used Airbnb illegally to trick 75,000 unknowing guests

A $21 million lawsuit filed in New York alleges that a sophisticated web of real estate brokers used Airbnb illegally to trick 75,000 unknowing guests. Is this just New York or is it worldwide? A $21 million lawsuit is accusing a web of real estate brokers of using Airbnb to illegally rent over 250 listings to nearly 76,000 unknowing guests.  The lawsuit, filed in New York City on Jan. 14, accuses Metropolitan Property Group, a real estate brokerage firm, of using a litany of fake identities to rent out…

Buenos Aires: recycling, environmental education, LED lights, parks and bikes all make it more a sustainable city

The development of a sustainable and modern metropolises that promote growth without neglecting the environment is one of today’s most important challenges. With small and large-scale recycling, environmental education programs, energy savings, the sustained increase in woodland and parked hectares, and the boost to bicycle use, the Government of Buenos Aires is working to make Buenos Aires a city every day cleaner and greener. Learn to recycle more and efficiently Thanks to the recycling programs already…

Argentine Crisis: the Real Estate Sector approaches 2001 levels

In July there was an improvement compared to June, but those numbers of real estate sales in the city of Buenos Aires does not reflect the 14 months of consecutive year-on-year decline, a historical cycle similar to what happened after the 2001 crisis, although still far from the exchange rate crisis, during the presidency of Cristina Kirchner, which caused 25 months of falling prices. Last July there were 3208 operations, according to the Colegio de Escribanos porteño, 18.7% more than in June, but a 27.6%…

Does Argentina Need the US Dollar?

The peso swoons after a presidential vote, showing the risk of an inflation tax The Argentine peso gained ground late last week after a three-day rout that followed President Mauricio Macri ’s crushing defeat in the Aug. 11 primary for a second term. But there’s no sugarcoating reality: The Argentine hunger for dollars has shot up alongside the risk of holding peso assets.  At least part of the small recovery may have come about because on Thursday the central bank put a limit on the amount…

Buenos Aires Street Art – The unusually creative street art that adorns the walls of the Argentine capital is a big attraction for tourists

There’s a phrase in Spanish: por qué pintar es lindo, which means “why painting is beautiful”. Walking around Buenos Aires’ Palermo Soho district, with its abundance of murals, you’ll soon understand why this saying has been adopted by a group of local street artists. Around here, the street art differs from that found in most other parts of the city. You won’t find so many tags and bombs (which rival gangs or crews traditionally use to mark their territory) or political…

Gateway’s Marketing Funnel helps Investors find new opportunities in South American

More and more of our South American vendors want to promote their properties using digital and social media tools along with local traditional media. To assist with this we are going to increase the number of marketing opportunities for their properties to appear in. This will be a substantial benefit for those with well presented and market priced properties but will mean some properties will have to be dropped if they fail to fit into this criteria or they will quickly become over exposed and unsalable. Real…

Argentina’s political leadership not facing up to the urgent economic realities

Argentina went to the polls on Sunday to choose the candidates in the presidential election to be held on October 27. However, there were no competing candidates as all the main parties only presented one option. President Mauricio Macri, who intends to run for a second term, was expecting to finish neck-and-neck with the Peronist opposition leader Alberto Fernández. He was not even close. Fernandez won the primary by a large margin (47 per cent to 32 per cent), enough to secure the presidency in October (45…

The Argentines punished their government for the recession, but look what a pandora’s box they’ve opened.

A lot of Argentinians were frustrated and had the intention of punishing the current business-friendly government without understanding that in this 2019, not 2003 ironically and although it hurts, the least relevant is the local economy. These choices are the most important that they have ever faced, but at the same time, the simplest. Decency must oppose the K dictatorship because without decency there is no freedom possible and without it simply, there is no point in living. This election addresses an abysmally…

Macri cruelly bashed in the Primary elections​ as Argentines back a return to the past

The preliminary results from voting at the weekend suggest the conservative Macri will face an uphill battle going into general elections in October, marking a sharp turnaround from just under four years ago when the country’s left-leaning era appeared to be coming to a definitive end. With 88 per cent of polling stations tallied on Monday, official results gave the presidential slate headed by Alberto Fernandez and his vice-presidential running mate, Cristina Fernandez, about 47 per cent of the votes.…

Argentina’s Election Guide

E-book: View here “The Essentials” free, exclusive e-book on the 2019 presidential elections to understand one of the most consequential elections in Argentina in decades. See below for more information. Who is running and where does each candidate stand on the issues? How is Mauricio Macri different from Alberto Fernández? What are the key battlegrounds? Please note the views expressed here are not necessarily in accord with ours. (Visited 23 times, 1 visits today) About Gateway to South AmericaGateway…

Things are looking up for President Macri chances of reelection in Argentina

The Kirchnerite ‘project,’ insofar as one exists, is almost entirely negative. Macri’s may be unappealing, but at least it is positive. It is still far too early for them to start uncorking the champagne bottles and inflating hundreds of yellow balloons, but Mauricio Macri and his teammates clearly think their chances of winning the fast approaching general elections are growing by the minute. Thanks largely to US president Donald Trump and the outgoing managing director of the International Monetary…

Why testing the market is a waste of time and money

In soft market conditions, I struggle to understand the motivation of some vendors who list their properties for sale but were unlikely to ever accept the reality of what buyers are prepared to offer.  The thing is I don’t really get why they would bother because it takes a lot of effort and a lot of their money to essentially just test the market. Why would anyone go through a campaign that lasts a number of weeks, costs a few thousand dollars, and requires keeping your property fastidiously clean to then…
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