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Buenos Aires: In one year, the purchasing power of property fell 39% in local currency

It is because the US dollar strengthened more than wages but the price of Buenos Aires properties fell to a lesser extent. In the past 12 months, the purchasing power of an Argentine salary in terms of buying power has deteriorated greatly according to a recent report from the Universidad Argentina de la Empresa. The fall was due to the fact that salaries fell in greater proportion to the prices of apartments that are made available for sale. Regarding the levels of March 2018, the wage index measured in dollars…

ICCA Ranking: Buenos Aires the Top City for Congresses and Conventions

May 18, 2018
Uncategorized
Buenos Aires had an incredible year in terms of business tourism, according to the latest ranking released by the International Congress and Convention Association (ICCA). The city ranked eleventh in the world in terms of events organized in 2017 and, more surprisingly, took first place in the Americas. In 2017 the city hosted 131 international events, a historical record and 28 more than the previous year. The Argentine capital is in constant growth; in 2015 just 82 events of this kind took place…

Buenos Aires Real Estate sales rose 42.9% in September 2017

The number of property sale transfers in the city of Buenos Aires reached 6011 operations in September 2017, a figure that represents an increase of 42.9% compared to the same month of the previous year. In addition, the total amount of transactions made rose 104% to $ 14,243 million. The average value of the properties sold totaled $ 2,369,442, a rise of 42.8% compared to the values of 2016. As has been happening in recent months, the deeds formalized with bank mortgages grew rapidly again: they…

Signs of positive change in Argentina

image of Arquitectura Francesa en Buenos Aires
Signs of positive change in Argentina Here in Argentina we are living in a pre-election situation with both of the two likely Presidential candidates promising a more business approach to running the country than we have had in the past lost decade. With commodity prices now well down, inflation high ( 25% or more ) and foreign exchange controls making business very difficult they will have their challenges. However, despite what the official numbers say about the economy, it is very noticeable here in Buenos…
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