Argentina Real Estate
Welcome to our industry news section! Follow the latest Argentina real estate news, including top articles concerning construction, housing market and commercial real estate trends in Argentina. Real Estate news continually updated from local and international leading sources.
Buenos Aires Association of Realtors - CUCICBA
from La Nacion Newspaper (July 2009)
A big step forward for the real estate industry. As of last July 2009, Buenos Aires now has an official organization to control and manage the operations of real estate agencies. The Association of Real Estate Agencies of Buenos Aires (abbreviated as CUCICBA in Spanish), was created in order to manage the registration of local realtors, as well as provide services within the industry. Read More
Argentina Premium Real Estate
from La Nacion Newspaper (Nov. 2008)
Argentina premium real estate projects seem to be safe from the worldwide economic recession which has stunned the international market. Residential buildings constructed for the ABC 1 sector are still in great demand and maintain their original prices despite today's harsh economic reality. Read More
Argentina Construction Overcame the Farmer Stoppage and Rose 7.5%
from La Nacion Newspaper (August 2008)
In June 2008, Argentina experienced a sharp fall in construction due to the problems between the Argentine government and the farmers. According to the article “Construction Overcame the Farmer Stoppage and Rose 7.5%,” which appeared in La Nacion in August, construction picked up again in July, rising 7.5 percent in comparison to the previous July. It also rose 10.6 percent from June, the largest rise between months since early 2002. Read More
Real Emerging Property Markets are to be Found in South America
by Property Wire (August 2008)
The analysis of South American real estate suggests that while the United States and European property markets are depressed, there are still many opportunities to make money in emerging markets. The article sites Argentina as one of the best places in the world to live right now and argues that the nation’s trade and government surpluses are a draw for Europeans. Argentina has beaches, ski centers, mountains, and vast, open tracts of land for visitors and potential investors to enjoy. Property prices have risen 50% since 2002 and tourism has grown 10% ever year since then as well. There is high demand for rental properties and buy-to-let property owners make rental income of up to 6% of the original purchase price in Buenos Aires’s popular neighborhoods. Read More
Real Estate For Sale…in Buenos Aires
by The New York Times (July 2008)
Apartments in Buenos Aires are desirable buys right now, and in an article from the New York Times entitled, “For Sale…in Buenos Aires”. The Times notes that the typical buyers for an apartment like this are from the United States or Europe, though at times buyers come from Asia, Australia, and Russia. Buyers tend to be retirees looking for an urban cultural experience that they can afford over an extended period of time. There are also some young professions looking to pursue creative careers in a less expensive environment. Buyers who can afford it often augment their apartment with a house in the surrounding countryside. The reason that Argentina is a cheaper option can, in many ways, be attributed to the crash in 2001. While the nation has been recovering rapidly from its crash, growth has slowed somewhat in the last two years and prices are still much cheaper than in the US or Europe (3 pesos to 1 dollar). Read More
Construction Boom in the Capital Deflates
from La Nación (July 2008)
After three years of steady increase, requests for construction permits in Buenos Aires, the Capital Federal of Argentina, dropped during the first half of 2008. According to the article “Se desinfla el boom de la construcción” in La Nación Newspaper, this drop can be attributed to a number of factors. The increase in construction costs, economic uncertainty, and some signs of deceleration in sales caused the first half of the year to close with 1.2 million square meters approved for construction in Buenos Aires. This number is 27.7 percent lower than the figure for the same period in 2007. Another factor that perhaps partly contributed to this drop is that fact that, as of July 1st, all construction companies have to present permits to the city about things such as water, gas, and light before beginning a project. Before this new law, the need for permits was restricted to certain parts of the city and only included water, making construction easier with less entangling bureaucracy. Read More
Land in Argentina Tipped as having Potential for Investors
By Property Frontiers (July 2008)
Argentina is one of the latest property markets to be noticed by investors as having incredible investment potential. The group Property Frontiers says that land has been undervalued, appreciation is around 19 percent, and there are strong exit strategies, all good for profit. A place of striking natural beauty and rich culture, Argentina is becoming one of the frontrunners for overseas investment. Read More
Villa Crespo charm on the Cheap
from the Financial Times (May 2008)
Anyone who knows Buenos Aires knows that Palermo is one of the most fashionable areas in town—and its real estate prices reflect that fact. According to the article “Charm on the Cheap,” from the Financial Times, some residents of Buenos Aires have found a niche for themselves renting in Palermo, but actually living in the neighborhood to the south-west, called Villa Crespo. Villa Crespo was founded as a barrio back in 1888 when the National Footwear Factory opened and conventillos sprung up around it to house the workers. The area grew into a middle-class neighborhood with a distinctive personality, known for leather goods, tango, and a thriving Jewish population. Read More
Palermo Soho is the Barrio Where Property Rose Most
from Clarín (April 2008)
For the current 48 projects being built in Palermo Soho, the price has risen 13 percent in the last year, with a final price per square meter of 2,393 dollars. According to a recent article in the Clarín, “Palermo Soho es el barrio donde más subieron las propiedades,” the area achieves this high value due to the concentration of quality stores and restaurants. Read More
Palermo Hollywood: One of the hottest, fast growing Neighborhoods
from La Nacion (March 2008)
“Blessed is Palermo!” say many real estate agents, their optimism part of what turned the humble barrio of Palermo into one of the hottest, fast growing barrios in the city. According to an article in the newspaper La Nacion from March 2008, “Palermo Hollywood—Un barrio de película,” Palermo is the largest and most subdivided barrio in the city and Palermo Hollywood is thought by many to be the subdivision currently on the rise. Read More
The Good Times are Here Again
by Global Property Guides (February 2008)
According to an article in Global Property Guide, the “good times” have returned to Argentina, particularly to Argentine real estate. 2007 was a year of strong economic expansion, as was 2006, and this expansion is causing the real estate business in Argentina to grow and thrive.
Economic growth in Argentina has meant growth in residential demand. The cost of buying a used apartment in Buenos Aires rose in price by 13 percent in 2007 and the cost of renting one rose even more. For houses, yields rose from 5.3 percent in 2007 and prices on houses continued to rise. In all these categories, higher prices correspond to swankier, in-demand neighborhoods, such as Recoleta-Retiro and Barrio Norte. This upward price trend in real estate is expected to continue because middle class families often cannot afford to get mortgage finance for their first homes. Therefore, they will have to continue renting. Read More
Puerto Madero: A Haven in Buenos Aires
by International Herald Tribune (February 2007)
Puerto Madero sometimes feels like it is part of a different city than Buenos Aires. According to the article “A Haven in Buenos Aires,” in the International Herald Tribune, Puerto Madero is noticeably quieter and crossing its streets is definitely safer. Separated from the bustling microcentro by the water way, the newest quarter of Buenos Aires is organized and clean. A reclaimed dockland, it has been revamped the last several years and, since the crisis, has become one of the symbols of a recovering, hip Buenos Aires. Read More
Begrano Much More than a Barrio
from InfoBae.com
The barrio of Belgrano offers nearly the entire gamut of life styles and buildings. The barrio is divided into many zones with many price ranges, giving buyers and renters the opportunity to find whatever zone suits their financial needs. With modern buildings, classic architecture, old mansions, hotels, lofts, gardens and parks, and a variety of businesses, there are few areas that can complete with the range of Belgrano’s offerings. Read More
Argentina’s Real Estate Ready to Tango
from The Sunday Times (January 2007)
Buenos Aires is one of the best places in the world right now to buy property. According to the article “Argentina’s Ready to Tango,” written in January 2007 for The Sunday Times, Buenos Aires offers the best of cosmopolitan life without the high prices of London. Flat in Buenos Aires are much cheaper than ones in London, due in part to the crash in 2002 when they devalued by 50 percent. While they have recovered since then, prices are still impressively low and property is a bargain. Read More
The Real Estate Boom in Argentina
By Universia Knowledge @ Wharton (October 2006)
After the crash in Argentina in 2002, construction experienced a boom that has yet to abate. According to an article entitled “The Real Estate Boom in Argentina,” from Universia Knowledge @ Wharton, Argentina experienced 14 consecutive quarters of meaningful growth in the construction sector as of October, 2006. At the beginning of 2006, real estate growth had reached a peak of 21.2 percent growth. Ricardo Theller, at the Center for Advanced Studies, says that this growth could be attributed to low interest rates, high liquidity, and exchange rate stability. The eventual post-crisis improvement in public sector investment and the fast pace of macroeconomic growth were also contributing factors. Read More
