This article appeared May 3, 2013, on page M3 in the U.S. edition of The Wall Street Journal, with the headline: Foreign Buyers With Cash Can Tango in ‘Paris of South America’. Roderick Chapman, a 50-year-old marketing specialist from Vancouver, British Columbia, was in Buenos…
real estate
November 14, 2012 · English, Real Estate
Everyone in the real estate industry in Buenos Aires agrees. Real estate agents, brokers, developers and construction companies all point out that the best properties to buy right now are small apartments in good locations priced between US$ 50,000 to US$ 150,000. The current global…
November 14, 2012 · English, Real Estate
The availability of credit in Argentina depends on the level of savings deposited in the banking system. Mortgage lending at present is limited in Argentina because the private sector of the Argentine economy has limited savings. The situation is further aggravated by the fact that…
September 24, 2012 · English, Real Estate
Just over a decade ago Argentina spectacularly unraveled with the biggest default in history—$100 billion. Dollar deposits were converted to pesos. Then, overnight, the peg of one-to-one with the dollar was broken. The unpegged currency immediately devalued. Savings were wiped out. Banks were set alight…
September 6, 2012 · English, Real Estate
New York Times – By NICHOLAS GILL TUNUYÁN, ARGENTINA — “I’m a Texas boy and love the ranch; this reminds me of that,” said Michael Brochu, a semiretired tech executive from Seattle who is awaiting the completion of his villa at The Vines of Mendoza, a…
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