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Real Estate News

Global Commercial Property Investment Plummets 57 Percent in Q2

Global Commercial Property Investment Plummets 57 Percent in Q2

Much weaker commercial real estate investment volumes in the second quarter of 2020 reflect the impact of lockdown measures and border controls enacted to combat the COVID-19 crisis. Read More »


Despite COVID Outbreaks, Many International Cities Enjoying Sales Recovery in July

Despite COVID Outbreaks, Many International Cities Enjoying Sales Recovery in July

A number of global cities are seeing sales volumes continue to recover with April looking to be the low point for residential activity. Read More »

Manila is World's Top Housing Market for Price Appreciation at 22 Percent Annually

Manila is World's Top Housing Market for Price Appreciation at 22 Percent Annually

The average annual price appreciation for all 150 cities tracked by the latest Global Residential Cities Index was 4.3 percent Read More »

Miami International Home Sales Totaled $6.9 Billion in 2019

Miami International Home Sales Totaled $6.9 Billion in 2019

A strong U.S. dollar and a worsening global economic outlook outside of the U.S. slowed South Florida international home sales in 2019. Read More »


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated August 3, 2020 9:00 AM ET

Buenos Aires Property News

According to global real estate consultant Knight Frank, home prices across 56 countries and territories worldwide are rising at an annual rate of 3.7% on average. This marks the index's slowest rate of growth for over six years.

According to the newly released 2018 Profile of International Home Buyers Report by the Miami Association of Realtors and the National Association of Realtors, foreign buyer activity in South Florida had a significant 23 percent spike in 2018.

According to CBRE Research's latest annual Global Prime Office Occupancy Costs report, Hong Kong (Central) and London's West End topped the list of prime office occupancy costs again.

According to STR's June 2016 Pipeline Report for Central and South America, over 66,352 hotel rooms in 417 projects Under Contract in the Central/South America region.

The property division of Carrefour Argentina has opened Terrazas de Mayo, a new shopping centre valued at $29 million,

Lima's office market is enjoying strong office demand as landlords have delivered a significant amount of new office inventory.

On five acres on Miami's Bal Harbour beach, Argentinian developer Eduardo Constantini's is bulding a 28-floor glass tower which will be part art installation, part residential development. Oceana Bal Harbour will feature two Jeff Koons art pieces worth $14 million.

Latin America is the most urbanized region of the world with nearly 80 percent of the population living in urban areas.

While a focus on international buyers is nothing new for Miami developers, one company is taking the marketing strategy to an extreme. "The local buyer does not exist," said Martin Melo, a principal of the family-run Melo Group.

The supply of new office buildings completed in Buenos Aires during the first six months of 2013 was five times higher than the amount delivered in the same period of 2012, reaching production levels not seen since the market's peak in 2010.

Asking rents for offices in Caracas, Venezuela have skyrocketed, increasing 80 percent during the first half of the year

Property sales in Argentina dropped 44.7 percent in June from the same period a year ago, as the market wrestled with new currency regulations. The June sales of 2,632 homes amounted to $1.5 billion. 37.2 percent lower than the same time last year.

Buenos Aires-born Edgardo DeFortuna founded Fortune International Realty in 1983 and grew the company into Miami's biggest family-owned real estate firm by catering to the fast-growing Latin American clientele.

Foreign cash buyers are finding deals in Buenos Aires, where prices for luxury apartments are down 20 percent to 25 percent from a year ago. But there is a catch. Argentina's wildly fluctuating currency and new monetary restrictions make it difficult to close deals,

Hotel operators in the Americas posted strong gains in January, reporting a 3.3 percent increase in occupancy to 51.3 percent, STR Global Reports. The region--including United States, Brazil, Mexico, Panama and Canada--also showed gains in other key metrics, including a 4.8 percent gain in average daily rate and an 8.3 percent uptick in revenue per available room.

Argentina. Land of gauchos and pampas. Beef and Buenos Aires. Volcanoes and vineyards. Mountain villages and cosmopolitan cities. And a food-and-wine culture that's world-class. Everywhere you go in this country, you'll smell the aromas of wonderful regional and national dishes, and sophisticated wines that are now enjoyed all over the world. Argentina is, literally, "Foodie Heaven!"

One thing Argentines will be looking to put far behind them as the New Year begins is last year's real estate sector performance. According to a recent report, real estate activity in 2012 fell approximately 40%, making it one of the sector's worst performing years in the country in a decade. For transactions related to properties already on the market, activity plummeted nearly 80%.

In addition to creating the world's first international hotel chain, one of the great accomplishments of Hilton Hotels founder Conrad Hilton was to lead his hotel properties through many periods of great economic difficulty. Building on its international presence and history of making investments despite difficult macroeconomic circumstances, it was announced that the Hilton will build its fifth hotel in Argentina.


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