Gaucho Group observes ‘notable surge’ in Buenos Aires real estate market

Gaucho Group announced its analysis and response to recent data showing that property sales prices in Buenos Aires have registered the largest increase in the past six years. According to a monthly report prepared by Zonaprop, the first four months of 2024 have seen an accumulated increase of 1.9%, with a year-on-year rise of 2.5%. The recent uptick in property values in Buenos Aires is an encouraging indicator of economic vitality in the region. Gaucho Holdings believes this trend is a precursor to what may be a broader, country-wide increase in real estate prices. The anticipated introduction of more favorable lending rates and potential new mortgage offerings, linked to policy changes under the administration of President Javier Milei, could further enhance this upward trajectory. “Our real estate portfolio stands to benefit significantly from the strengthening market dynamics in Buenos Aires,” said Scott Mathis, CEO and Founder of Gaucho Group Holdings, Inc. “The current increase in property sales prices not only underscores the enduring value of real estate investments in the area but also aligns with our expectations for further market expansion as new economic policies are introduced. We may anticipate a country-wide increase of up to 28% in real estate values over the next 12 months following the reintroduction of mortgage financing. For Gaucho Holdings’ vineyard estate lots at Algodon Wine Estates in San Rafael, Mendoza, and our luxury boutique hotel in Buenos Aires, Algodon Mansion, we believe there could be a combined increase in value of approximately $35 million this year.”