Argentines and foreign investors are gaining more confidence that a strong recovery is possible soon

President Javier Milei expressed that the Government has various reasons for optimism. He highlighted positive survey data despite the severe economic recession and asserted that Argentina will experience a robust economic recovery once the stocks are opened. In addition, the President stated that although 70% of Argentines acknowledge their current struggles, there is an essential factor to consider. He mentioned that at the beginning of their mandate in December, only 20% of Argentines believed that their…

“Discover the Secret World of Ultra-Luxury Homes in Buenos Aires – What Makes Them So Desirable Among the Elite!”

Are you ready to invest in a luxury property? The good news is that after five years of decline, the market has finally stabilized! Don’t miss out on the opportunity to own a piece of paradise in select locations, which are now available to both local and foreign buyers. Act fast before it’s too late! Looking for your dream apartment in the luxurious Núñez area? Look no further! The real estate market in Buenos Aires is experiencing a surge of activity in premium properties characterized by exceptional…

Paraguay is rated the best place in the region for business, according to says Latin American Economic Climate Index (ICE) 

The Latin American Economic Climate Index (ICE) released this weekend by Brazil’s Getúlio Vargas Foundation (FGV) highlighted Paraguay as the Mecca for regional business ventures, given the country’s outstanding performance. The FGV report highlights that, despite the increase in their indexes, other countries remained in the unfavourable zone (below 100 points): Peru (85.3), Colombia (72.8), Chile (72.7), and Ecuador (42.2). Meanwhile, Argentina climbed from 26.1 to 41.7, with the first economic…

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…

Argentina seen through different eyes

Historians will normally agree that history is best written by those who are not nationals of the country they are writing about. So it is not surprising that when The New York Times sent a journalist to cover the Southern Cone, once said that Argentina was like a five-star hotel in which all the guests were complaining about the room service. His metaphor had a message: that those fractious hotel guests had no reason to complain about the room service. They merely had to stop bickering and recognise what they…

11 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 challenging market. Your ability to buy the best properties that tick all your boxes comes down to your relationships 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. Ask to be on their mailing list if you are not already. Tip 2: Buy when you can afford to…

Brazil’s economic study highlights Paraguayan expansion

According to the new projections of the Brazilian Center of Economic Studies Fundación Getulio Vargas, Paraguay will grow the most this year, with an expansion of 3.9%. Uruguay and Mexico follow. Another positive fact for Paraguayans is that the country remains in an area considered favourable for business. According to the indicator released yesterday, the business climate in Latin America reached its best level in the first quarter of 2024 in the last 11 years. The so-called Economic Climate Index (ICE)…

BBVA Research: Argentina Economic Outlook. March 2024

Tendencias en la Economía Argentina
Javier Milei’s government took office aiming to have a less regulated and more market-friendly economy with the private sector as the main driver of economic growth. The core of his macroeconomic policy is to achieve fiscal equilibrium and eliminate monetary issuance to cover public spending as of 2024. Key points The new Administration has started correcting relative prices. The FX rate rose 120% in Dec-23 and has been moving at a 2% MoM pace since then. Regulated prices, such as transport and utilities,…

MercadoLibre now sells properties that can be paid with crypto

image of iBuenos Aires is a Slice of Food Heaven
The Mercado Libre e-commerce will allow real estate agencies to publish properties such as apartments, houses, land, lots and premises in Bitcoin. How the buying and selling of real estate in cryptocurrencies works. Today, Mercado Libre announced that it will accept property ads in cryptocurrencies . From now on, it will be possible to access properties with Bitcoin through the platform, and there will be an exclusive section of properties listed in cryptocurrencies. “We are always attentive to the changes…

Selling or buying properties in remote locations

Sellers face many of the same challenges as buyers do. Still, given current market conditions in many South American markets where we operate, we are finding the market is slow for remote properties. They are often owned as second or third investments outside their home location and are only visited once or twice a year. Each Seller’s motivation clearly varies. However, there is a broad spectrum of Sellers, from those content with fair market value and others who really don’t care what fair market value…

Argentina posted a monthly surplus for the first time in 12 years

The Argentine government announced this on Friday evening in January, achieving a monthly budget surplus for the first time in almost 12 years amid tough spending cuts pushed by President Javier Milei. The first full month in government for the ultra-liberal Milei, who took office in December, It ended with a positive balance for the finances of the Argentine public sector: the surplus amounted to about $589 million at the official exchange rate. Product of more income than expenses. This also includes…

The Argentine President Milei chainsaw: A bold vision for Argentina’s rebirth?

The firebrand new President ignites his nation’s hope for revival, confronting decades of economic decline. Can he deliver? he 96-year-old TV host, Mirtha Legrand, reaches across and holds the hand of the firebrand new Argentine TV President, Javier Milei. “I am an old lady, and I don’t want to leave this world without seeing my country flourish”, she asks, through glassy eyes. President Milei responds: “You will see it flourish”. Milei holds Legrand’s embrace across the show’s closing credits.…

The six neighbourhoods of Buenos Aires with the most significant supply and demand for temporary rentals

Did you know that six neighbourhoods in Buenos Aires have the highest demand for temporary rentals? These areas have a booming real estate market and offer ample opportunities for short-term rentals. Palermo, Recoleta, San Nicolás, Belgrano, Retiro, and Monserrat are the hotspots for temporary rentals in the city. Don’t believe us? The Real Estate Monitor conducted a study and found that these neighbourhoods account for most temporary rental properties. Using AIRDNA as a source, the study revealed that…

Argentina: The impact of the devaluation on residential sales and the fine print of the new stamp duty tax

Specialists now speak of a “slight recovery” of the market, but the fever experienced in August to October that is beginning to cool down after the elections. October once again smiled on the real estate market. Despite going through a change of government, with the uncertainty that this implies, 2023 was positive for purchasing and selling properties. The city of Buenos Aires is a clear example of the trend, since in the 11th month of the year, 4,068 operations were carried out. The number is celebrated…

The early Scots pioneers in Argentina and the Patagonia Austral (Chile)

The early Scots pioneers in Argentina and the Patagonia Austral As part of the massive exodus of European peoples, significant Scots emigrated overseas the hundred years before the First World War. Most settled in the United States of America or Canada, Australia, New Zealand and other parts of Britain’s vast empire. A significant minority, however, emigrated to South American states, Argentina being a popular choice. The first Scots settled there in the years before Argentina became an independent confederation…
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