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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…

Buenos Aires Real Estate: Developers call for clear permanent rules

Despite the devastating numbers that indicate a drop in sales in new projects of more than 50 percent compared to the same month last year, developers prefer to look at the glass half full and bet on the long term. That was one of the main conclusions of the fourth edition of the Real Estate Summit organized by the leading Buenos Aires newspaper, La Nacion. “It’s a sector in which when you start a project until it ends, it goes through all the economic cycles,” said Marcos Juejati, founder…

How some Buenos Aires brokers sell high-end properties

In a property segment that still active despite the currency crisis, the real estate companies dedicated to the higher value segments explain their different strategies to sell properties that can reach up to USD 10 million or more. From Instagram to open houses On Avenida Figueroa Alcorta 3200 there is a picturesque three-story home with its frontage covered with vines and windows with glass partitioned that are closed with huge wooden shutters, decorated with beds of white flowers. The property attracts attention…

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…

Recoleta: The Cultural and Residential Hot Spot of Buenos Aires

Ever since the late 1800’s Recoleta has been Buenos Aires’ residential and touristic neighborhood of choice; home to private family mansions, foreign embassies, and luxury hotels.  Back in 1879 when Buenos Aires suffered a terrible cholera and yellow fever epidemics, the population of the city spread out to avoid the contagion. The underprivileged classes settled in the south-southwest of the city, while the wealthy families settled in the Recoleta area, where the height…

GTSA expects a rebound in Real Estate prices later in 2014 in Buenos Aires

The real estate industry has experienced some of its most difficult years in Buenos Aires but we expect predict growth and an increase in prices late in 2014 and early 2015. Why ? – An increase in activity in the surrounding region, Buenos Aires Province,  favouring  the lower price range of U.S. $ 65,000 to US 120,000 which accounted for 92% of the sales. The restrictive foreign currency controls and lack of confidence in the current government were the main reasons for the frozen market in…
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