News of real economy

Main Street and Milei Street

11-01-2025 06:26 any process of economic transformation, like the one President Javier Milei is trying to implement, will have winners and losers.

by Marcelo J. García

LIONEL'S WEALTH

US$232 million – Lionel Messi reveals his real-estate assets

31-12-2024 08:49 Lionel Messi has carried out a listing of his real-estate properties, valuing the portfolio at 223 million euros (US$232 million).

STATE SELL OFF

Government to auction off more than 400 state properties

25-10-2024 22:14 Argentina’s government will put 400 properties up for auction in a bid to raise some US$800 million. Properties are either not being used, in bad condition or have large maintenance costs for the state.

MORTGAGE MARKET MOVES

Argentines flock to banks as Milei awakens mortgage market

14-05-2024 15:06 Argentines are rushing to banks to apply for mortgages as interest-rate reductions begin to wake the home-loan market.

BLOOMBERG

Real-estate mogul eyes ‘city-towns’ from Patagonia to Paraguay

12-04-2024 10:33 Eduardo Costantini, Argentine real-estate mogul who popularised gated community concept, plans to spend up to US$1.5 billion developing more in new areas.

UNITED STATES

Billionaire Joe Lewis’ habit of tipping off staff and lover lands him in court

25-01-2024 14:15 British billionaire Joe Lewis, owner of 12,000 hectares of land near Lago Escondido, pleads guilty to charges that he gave associates non-public inside information for stock trades

HOUSING CRISIS

Tenants in Buenos Aires 'desperate' amid inflation and housing crisis

15-01-2024 15:09 Argentina's housing crisis, set against a backdrop of 211% inflation per annum, with rent charges soaring and prices increasingly set in dollars, is leaving tenants feeling helpless.

BUSINESS & REAL ESTATE

Ex-Soros partner surfs Argentine crisis with real-estate empire

03-10-2023 12:43 Eduardo Elsztain avoided speculative investments in stocks, bonds and derivatives as he built up his empire over the last 30 years. Now his real-estate company IRSA Inversiones y Representaciones is booming, even as Argentina enters recession.

CURRENCY WOES

In distorted Buenos Aires rental market, it's dollar vs peso

02-06-2023 10:15 Renting in pesos and on a long-term basis is a titanic task in the capital, where temporary and dollar-denominated supply dominates the market.