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The curious reason why the volume of real estate sold in Buenos Aires ended 2022 as the best year of the last 4

The sale and purchase of properties ended the year with rising numbers. The College of Notaries of the City of Buenos Aires registered the best December of the last 4 years. Property sales ended in 2022 with rising numbers. According to data from the College of Notaries of the City of Buenos Aires , 4,253 operations were held in December, which translates into a year-on- year rise of 25.7% , while the total amount of transactions in 2022 climbed 45.9 %. The main explanation has to do with the drop in prices…

Offices in Buenos Aires. With optimism, specialists reveal the area most sought after by companies

The market is showing positive signs: net absorption closed with an increase of 93% compared to the previous period; In addition, the percentage of the vacancy of square meters has diminished. 2022 ended well for the office market: it is that the last quarter of the year reflected a good performance of the indicators . In fact, it was the second in a row with encouraging data. Some concrete numbers: net absorption closed with an increase of 93% compared to the previous period . In addition, the dynamism of…

Buenos Aires Upper Class Residential Options

Buenos Aires, the capital city of Argentina, is known for its rich culture, vibrant night-life, and beautiful architecture. The city has a diverse population, with a mix of high-income and low-income neighbourhoods. For those in the upper class, there are a range of living options available, ranging from luxurious apartments in the city centre to spacious mansions in the suburbs. One popular option for the upper class in Buenos Aires is to live in one of the city’s upscale neighbourhoods, such as Recoleta,…

The enviable cosmopolitan lifestyle of Buenos Aires City wins over any who visit

image of Vida cosmopolita en Buenos Aires
You may see them in Paris, London, New York, Milan or any other metropolis. Forever comparing with a mythical South American capital, they gesticulate in a strangely accented Spanish: “we have (do/get) that in Buenos Aires!” They are the porteños (port dwellers), and you can´t call them boisterous: Buenos Aires is all those cities and then some. Founded in 1580, the city received migrant waves from countries as diverse as Spain, Italy, England, the USA, China, Korea, Bolivia, Paraguay, Peru, Uruguay,…

A new era of the real estate market begins in Buenos Aires: property sales rose 24% in August

The real estate market is slowly beginning to recover. According to data from the Association of Notaries of the City of Buenos Aires, in August, 3,117 acts of purchase and sale of real estate were signed, 23.8% more than a year ago. In addition, the third consecutive month in which the barrier of 3,000 operations has been broken, something that has not happened since 2018. For specialists, the new era for the sector begins. The numbers are positive and bring hope in a sector hit hard in the last four years.…

These residential areas of Buenos Aires are in a boom, and that will precipitate a change in the property cycle of the local real estate market

The return to the office of workers cooled the demand for green, and the southern area of the city of Buenos Aires was the only one that registered record sales. The real estate market was going through one of the worst stages in terms of the low number of operations but, paradoxically, construction is experiencing a construction boom in the City of Buenos Aires and its surroundings. This phenomenon has its explanation: developers want to take advantage of a construction cost, in US dollars, that is at the…

Opportunity: how many fewer US dollars are needed now to build a house in a gated community in Buenos Aires than even last month

In dollars, the square meter is less than US$1,500, but the devaluation is not enough and the costs in pesos skyrocket. The financial instability that has shaken the economy in the last two months opened a new window of opportunity for savers in dollars from a new drop in the cost of construction: in July, building a house in a country house fell to less than USD 1,500/ m². However, despite the continuous devaluations, the strong inflation in pesos in construction means that costs in US currency are maintained…

Pointed “Financial Times” editorial on Argentina: “Financial ruin is lurking close by”

It called for more harshness from the IMF and cast doubt on the competence of Silvina’s Batakis’ plan: “The political and economic odds are seriously against her.” The Financial Times portrayed a dark horizon for Argentina, in the midst of the economic and social crisis that afflicts the country. The prestigious British media published a strong editorial on the situation: it said that “financial ruin is on the horizon” and cast doubt on the effectiveness of the plan of the…

In Buenos Aires, there is a lot of Residential Real Estate for sale, but few buyers: there are 163,000 Buenos Aires apartments on sale and less than 2% of the operations are completed

Although prices have fallen 34.7% in three years, according to one report, sales have improved little. San Telmo, San Cristóbal and Mataderos are among the neighbourhoods where prices fell the most The real estate stock is above 163,000 units, and only 1.57% of what is offered is sold. The excess of properties is so great that at the current level of demand, it takes 6 years to absorb all the real estate for sale in Buenos Aires when the historical average was two years. This was confirmed by Real Estate Radar,…

In Argentina, the unstoppable rise of the American Dollar: how the rise in the informal currency exchange ( Blue ) affects construction, rents and property prices

The parallel exchange rate started today up to $41 higher than on Friday, when it reached $280; although at the end of the day it ended at $260 In a convulsive start to the week after the resignation of Martín Guzmán, the Ministry of Economy and the unbridled rise of the blue dollar , which started the day $41 higher than on Friday, uncertainty is growing in all economic sectors given the scenario of exchange rate instability while a new cabinet is being formed. Within the real estate sector, the alarms began…

Three Argentine cities are among the most expensive to buy a property in Latin America

According to a ranking by Mercado Libre, Punta del Este is the city with the highest property prices in Latin America. Buenos Aires appears on the list but it is not the Argentine city with the highest average m2 value: which is a city with the most expensive properties in the country The real estate market is going through a strong crisis that translates into a record number of properties for sale and low prices . But, despite the lower of values, today Buenos Aires ranks still as one of the most expensive…

Post-Pandemic Buenos Aires: is there a strong rebound in the office market?

In recent months, there has been a steady increase in rental prices. In addition, there are companies with surpluses in pesos that buy real estate to capitalize. The office market, which collapsed during the pandemic, is beginning to reverse the negative trend as the population resumes face-to-face work. In this sense, an incipient rise in rental prices is an indication of the recovery of this real estate segment. A recent survey of Mercado Libre together with the Universidad de San Andrés , based on the publications…

Real estate: the market for offices and commercial premises in Buenos Aires begins to pick up momentum

With the return to face-to-face work, and increased activity, the demand for corporate spaces is beginning to increase. Little by little, along with the recovery of economic activity, the office and commercial premises market is beginning to reverse the negative trend that had marked it during the pandemic, especially in the downtown area of Buenos Aires. Various surveys show an upturn in the rental and occupancy levels of these properties. Although the segment still has a lot to recover from the advance of…

Apartment owners in Buenos Aires? where can you get a return of 6% in US dollars

The rent in the houses of Greater Buenos Aires doubles the average return of the departments in the City of Buenos Aires. In which city areas are buying to rent still a good deal? According to the latest report prepared by the University of San Andrés and Mercado Libre at the AMBA, in April 2022, there was a 0.5% drop in the median sales price in dollars per square meter of houses and apartments. The year-on-year drop in the case of the departments accumulated a decrease of 7,5%. But, while the prices of properties…

The drama of renting in Buenos Aires: sky-high prices, 6-month agreements and lots of vacant properties

While a change in the law that has been in force since 2020 is being debated in Congress, the market reacts with higher prices, less available supply and lots of informal contracts. Once again the Rental Law is at the centre of the controversy. While its modifications are debated in Congress, for now without definitions, the market continues to retract: today, the owners decide to extend the contracts for very short periods or even keep their properties empty, further reducing the number of properties on offer…
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