The new NK Gasduct in Argentina: an unprecedented feat in terms of construction time and economic value

The President Néstor Kirchner Gas Pipeline (GPNK), the most critical energy infrastructure project of the last 40 years, was carried out in record time – six months for the production of tubes, ten months for civil works – thanks to the industrial muscle of the companies of the Techint Group. The GPNK, inaugurated last July, constitutes Argentina’s most relevant energy infrastructure work in the previous four decades. Furthermore, it is possible to enhance the development of Vaca Muerta oil and…

The Economist Ranks Buenos Aires as Top Choice for Digital Nomads in 2023

Buenos Aires Ranked as Top City for Digital Nomads in The Economist’s Annual Ranking. The annual ranking of The Economist magazine has placed Buenos Aires, the capital of Argentina, among the cities most chosen by digital nomads. In a new edition of The Global Liveability Index 2023, the magazine distinguished Buenos Aires as the city with the best quality of life in Latin America. For the second consecutive year and the eighth time in nine years, Buenos Aires topped the list of Spanish-speaking cities in…

CEO of GTSA gives six negotiating tips for foreign buyers

Geoffrey McRae, GTSA Real Estate Consultants CEO, outlines some basic negotiation skills that can help when approaching the sales process in a foreign country. Many foreign buyers are uncomfortable or inexperienced with the negotiation process in a country where they know little about the local customs.  While the vendor has their broker to negotiate for them, buyers are at their own mercy. ( the vendor’s broker will often also act as a buyer’s agent, which is the norm in most markets we cover,…

MercadoPago is the most extensive online payment network in Latin America

Thanks to the digital revolution, many people now participate in e-commerce via their mobile phones. Online payments are becoming increasingly important. MercadoPago, the largest Latin American online payment network, was launched in 2012. MercadoLibre, an e-commerce marketplace and online bidding site, found it. It allows users to send and receive online payments safely, efficiently and quickly. Apps allow companies to charge customers in different ways: via email, social networks or websites, mobile applications,…

Real Estate Prices in Buenos Aires are starting to rise

Real estate prices are rising again after one of the worst drops in living memory. This indicates that the prices have hit the bottom and the “rebound” effect has begun. Despite the worst buying and selling period in 20 years, property values are recovering and overcoming the crisis. According to a Buenos Aires College of Notaries report from July 2018, 3,357 homes removed their for sale signs from the facades and completed the planned transactions. Since 2023 started, these properties have already…

Argentina’s Economy Report 2023

What’s in store for Argentina’s economy? The Argentinian economy is going through turbulent times amid hyperinflation, a crumbling peso, a brutal drought hitting agricultural output, and general elections scheduled for October. Our country report cuts through the uncertainty with focused written analysis, tables, charts and forecasts from over 50 expert analysts for dozens of key economic indicators. About FocusEconomics FocusEconomics is a leading provider of economic analysis and forecasts for over 200…

How landlords and tenants survive in a country with 100% plus inflation

Landlords and Tenants in Argentina are between a rock and a hard place. There is a substantial rental property shortage caused by an incompetent government that made laws that made it so unattractive for Landlords to rent properties that many choose to short-term their properties using tools like Airbnb. Hopefully, a new government will change these, making the market more stable. The Chamber of Deputies passed a bill this week that proposes, to put it simply, to restore some of the controversial aspects of…

Argentina’s likely new President intends to snap the current oppressive farming taxes and privatise the state oil company.

Javier Milei – the libertarian candidate in Argentina’s Presidential Election – would remove state interference from Argentina’s massive farming industry, resulting in a boom in exports and foreign investment. Milei, a free-market advocate, promised to dismantle the policies that have prevented agricultural investment in this century. Milei would eliminate export tax quotas and unify the foreign exchange rate. He also wants to stop direct interference in food prices. On Wednesday, Milei…

Real Estate: Is Milei’s win a good or bad sign for the real estate market in Argentina?

The experts were excited about a change of direction and a reactivation of the real estate sector, analyze the implications of the volatility of the dollar and the electoral results. The abrupt devaluation on a black Monday for the markets and the results of the PASO generated a scenario of uncertainty in the real estate sector. During the last months, the industry was excited about a cycle change with a tail breeze and a system of sales values ​​from the low floor in prices. Real estate developers have…

Javier Milei, a far-right libertarian, won the Argentine primary elections.

The La Libertad Avanza candidate seeks to abolish the Central Bank in its present form and adopt the US dollar as the country’s currency; he received 30 per cent of the vote in the presidential election. A far-right Libertarian candidate won Sunday’s presidential primary in surprising support for a politician who wants to adopt the US dollar as Argentina’s official currency. Congressman, economist and former television commentator Javier Milei, 52, achieved 30 per cent of the votes after 96…

Why South America should be considered a Preferred Investment Destination

GTSA principal Geoffrey McRae has lived and owned real estate in South America since 2003, so he has his own views of its opportunities and risks. He founded the real estate group under the Gateway to South America brand covering Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, so he has seen the benefits and challenges of operating in each country and market. In his opinion, business success in the region relies on the ability to understand the countries’ histories, their business customs and learn…

Properties in Buenos Aires for Sale. The answers to 12 key questions that reveal if this year will be a good time to buy

The future of prices, where there are opportunities, the investment in a new builds, the progress of money laundering and the future of rentals, some of the dilemmas that worry those who seek refuge from their investment in bricks. After going through one of the worst moments in the history of the real estate market in Argentina. the sector closed 2022 with some indicators that generate hope. In concrete data, with the number of deeds reached in November in the city of Buenos Aires, everything indicates that…

The Rules for Remote Working in Argentina

Know Before They Go The global tendency of remote working combined with Argentina’s current economic distress makes the City of Buenos Aires a tempting destination for those who can live distant from their employer. Clients frequently consult us on remote work arrangements, and we thought this primer would be a useful first step toward understanding and planning for certain risks that may not be evident at first glance. Low living costs in a vibrant, cosmopolitan city in a privileged time zone tempt employees…

High-Value Property Marketing “The case for pre sale offers”

There are many different methods available for the marketing and sale of specialised high-value properties in addition to the traditional real estate listing arrangements of auction and tender type formats. There are advantages, disadvantages and tradeoffs associated with every marketing approach, and the best strategy for marketing and selling a specific property will vary based upon the ownership objectives and the particular property. One approach, which can be optimal in certain instances, is private, pre-marketing…

Is the the USD doomed as a world reserve currency?

The United States has benefited enormously from being the World’s Reserve Currency because much of the world still uses the dollar for international trade.  This is because foreign governments must hold USD in their foreign exchange reserves to settle international claims and intervene in foreign exchange markets. In addition, many emerging market countries like Argentina, Chile, Uruguay, Paraguay and Peru use USD dollars for capital goods. ie housing, commercial property, imported cars, commodities…
Real Estate and Investment News from South America
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