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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…

For the second consecutive month, the prices of the properties in Buenos Aires fell

April and May changed a stable previous trend by tilting the course of prices downwards. 73% of the districts recorded a decrease or a stagnation of prices generating a concrete possibility for the investors looking for a home for savings a great opportunity not seen for many years. According to a report prepared by the Zonaprop portal, after a period of five months of stable values (November 2018 to March 2019), for the second consecutive month, the sale prices of the properties showed a slight downward trend,…

The Buenos Aires Real Estate sales volume has fallen 55% and the mortgage credit is now at the lowest levels in 10 years

The situation cannot be more different than from a year ago. Whilst in March 2018 the sale of real estate in the city of Buenos Aires was at record levels (6,142 sales were settled) that number deflated by 55.4% to 2,738 operations in the third month of 2019. Thus, it was at levels similar to those of March 2013, when the exchange rate controls were in force, according to the latest data from the City’s Notary Public School. The economic recession and the rise in the benchmark interest rates hit the sector,…

Buenos Aires is the regional leader in new office projects

Between 2019 and 2023 there will be more than 800,000 square meters premium space built, which is a figure similar to what was built in Lima in the past five years, according to Cushman & Wakefield. At a regional level, Buenos Aires is the city that has more square meters of offices available projected to be built over the next five years, indicated a study by Cushman & Wakefield. To put that in perspective, the size of the office market between each of the cities, the ratio of square meters of offices…

Buenos Aires properties are the most expensive in Latin America

A real estate survey of Latin America (Rial), which was carried out by the University of Di Tella with Navent (Zonaprop), showed that Buenos Aires is the city with the most expensive square meter prices in the region. According to the report, which takes into account the prices of properties last March, the value of the square meter in Capital Federal grew a 0.6% in dollars in the last year was priced in USD 3,125. In this way, it surpasses Santiago de Chile (USD 3,111) and Rio de Janeiro (USD 3,039). The previous…

Argentine Real Estate Market: What is the new Electronic Ticket and how it can be used to buy off the plans apartments with credit

The Government hopes with this new tool to boost sales of apartments sold of the plans in the City President Mauricio Macri presented this Monday a new tool to increase sales of sold off the plans apartments “The Electronic Real Estate Ticket”, a tool that seeks to boost the sales of apartments under construction in the City of Buenos Aires. The presentation was of a platform, that will operate within the Registry of the Real Property of Porteño, where the property developer and the buyer…

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.…
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