Has anyone bought a property in Buenos Aires? I'm looking at a small apt. off plan in a new building in either the Palermo Hollywood, Belgrano, or Caballito areas (prices seem to be around GBP850/sq m). Palermo prices have already risen and neighboring regions may see greater %increases. Any advice on regions or the buying process in Argentina would be much appreciated.
No, not an agent. Asking for advice actually. I've been looking at South/Central America and am investing in projects in a couple of places but haven't been to BA. Most have said it's a wonderful city to be in and property seems to be decent value for a capital city and increasing every yr. (since 2003). I'm not on the ground there so was hoping someone could fill me in on the character of the different barrios. Property is bought on a cash basis so it looks as though there's not much speculation/property bubble issues as such. But they still have a high level of debt/GDP so could be a future problem but if you've bought in cash then dont' have i rate issues. I'm just exploring the region but will probably hold off till I visit later this year. I'd be interested in hearing about anyone's experiences in BA/Mendoza or other areas of Argentina.
Originally posted by Dvushka: No, not an agent. Asking for advice actually. I've been looking at South/Central America and am investing in projects in a couple of places but haven't been to BA. Most have said it's a wonderful city to be in and property seems to be decent value for a capital city and increasing every yr. (since 2003). I'm not on the ground there so was hoping someone could fill me in on the character of the different barrios. Property is bought on a cash basis so it looks as though there's not much speculation/property bubble issues as such. But they still have a high level of debt/GDP so could be a future problem but if you've bought in cash then dont' have i rate issues. I'm just exploring the region but will probably hold off till I visit later this year. I'd be interested in hearing about anyone's experiences in BA/Mendoza or other areas of Argentina.
I'll be watching your progress with great interest. I would be more interested in resales that new developments (absolutely sick and tired of the snake oil salesman hype and BS that surrounds developers and their agents - too many years in this game has jaundiced me to it all)There is a company called Someplace else which is gearing up for Argentina (a sound company but one again geared up for developement)
Today, Latin America's most read news paper has published an interesting article on a matter we've been pointing out for the last couple of years: the great appeal of the Argentine Real Estate Market.
A comparative study carried on by the prestigious Clarin Newspaper shows that investing in Bricks in the South American version of Paris is not only profitable but also an outstandingly clever move.
Figures talk better than a thousand words: a square meter (some 3.28 feet per meter) in top notch Buenos Aires goes for about 1,500 dollars. While in New York in a similar area the value rises to 12,000 dollars and in London the value is even higher reaching the average of 18,000 US dollars.
Facts are facts, no question about this. However someone might argue, "well, Buenos Aires is no New York or London". Indeed not, and that's what makes of this Southern cosmopolite capital an even more appealing real estate investment.
The top notch quality living standard in Buenos Aires goes for much less than what it would an equivalent lifestyle in either of the mentioned cities.
According to the London paper The Sunday Times "Buenos Aires offers some of the finest properties in the world". Following that line of thought is an article published by Austrialian Magazine International Living, who ranked BA 10th in their best quality of life cities -the survey took into account 193 cities around the globe-.
Aesthetically attractive, with a mild weather and a cosmopolite feel expressed in its endless cultural and social activities that feature an avant-garde edge of renovation, Buenos Aires has turned from ugly duckling into the Bell of the Ball.
The city once named the "city of Good Aires" bathed by the shores of the immense River Plate offers its sophisticated newcomers a bit of Europe, a bit of the US and a bit of Latino flavor to create a brilliant yet unique combination.
A true novel sense of style that has been touring worldwide runways in the shape of fashion, has now its brick form in the newest and modern architecture of the city, which is at the same time exploring the virtues of modernity while it strives to conserve its own identity by preserving its aesthetic patrimony and historical constructions.
This gorgeous and SAFE Latin American city stands appart from other gorgeous places such as Mexico DF or San Pablo or Rio, where while prices are a bit lower the fear of insecurity undertakes any serious projecting.
Investing in Buenos Aires is not the equivalent of relocating, though many do so and enjoy a life of leisure and pleasure, a true retirement or a young lifetime experience. Many investors also find that investing in BA is like buying a holiday home in an extraordinary location, and in stead of staying in hotels, they have a home away from home. And while they don't use it, their newly acquired property "pays for itself" by renting it to fellow intrepid travelers who wish to experience BA from a local's point of view.
Originally posted by frassinetti: Buenos Aires v's other Major Cities World Wide
Today, Latin America's most read news paper has published an interesting article on a matter we've been pointing out for the last couple of years: the great appeal of the Argentine Real Estate Market.
A comparative study carried on by the prestigious Clarin Newspaper shows that investing in Bricks in the South American version of Paris is not only profitable but also an outstandingly clever move.
Figures talk better than a thousand words: a square meter (some 3.28 feet per meter) in top notch Buenos Aires goes for about 1,500 dollars. While in New York in a similar area the value rises to 12,000 dollars and in London the value is even higher reaching the average of 18,000 US dollars.
Facts are facts, no question about this. However someone might argue, "well, Buenos Aires is no New York or London". Indeed not, and that's what makes of this Southern cosmopolite capital an even more appealing real estate investment.
The top notch quality living standard in Buenos Aires goes for much less than what it would an equivalent lifestyle in either of the mentioned cities.
According to the London paper The Sunday Times "Buenos Aires offers some of the finest properties in the world". Following that line of thought is an article published by Austrialian Magazine International Living, who ranked BA 10th in their best quality of life cities -the survey took into account 193 cities around the globe-.
Aesthetically attractive, with a mild weather and a cosmopolite feel expressed in its endless cultural and social activities that feature an avant-garde edge of renovation, Buenos Aires has turned from ugly duckling into the Bell of the Ball.
The city once named the "city of Good Aires" bathed by the shores of the immense River Plate offers its sophisticated newcomers a bit of Europe, a bit of the US and a bit of Latino flavor to create a brilliant yet unique combination.
A true novel sense of style that has been touring worldwide runways in the shape of fashion, has now its brick form in the newest and modern architecture of the city, which is at the same time exploring the virtues of modernity while it strives to conserve its own identity by preserving its aesthetic patrimony and historical constructions.
This gorgeous and SAFE Latin American city stands appart from other gorgeous places such as Mexico DF or San Pablo or Rio, where while prices are a bit lower the fear of insecurity undertakes any serious projecting.
Investing in Buenos Aires is not the equivalent of relocating, though many do so and enjoy a life of leisure and pleasure, a true retirement or a young lifetime experience. Many investors also find that investing in BA is like buying a holiday home in an extraordinary location, and in stead of staying in hotels, they have a home away from home. And while they don't use it, their newly acquired property "pays for itself" by renting it to fellow intrepid travelers who wish to experience BA from a local's point of view.
Bob Frassinetti, Buenos Aires, Argentina.
Thanks for the info Bob. This only goes to support the info I have had from other sources highlighting not just the capital but other areas of Argentina also. All this is about as much use as wotsits on a bull though if we have no-one to channel our questions through. Are you such a one? Don't be shy Bob - I'm an agent and I don't mind talking to agents (though sometimes the public are right to be wary) Are you an agent or able to put me in touch with an English or German speaking peer? Would welcome and follow up on any advice you can give. Thanks.
Hi Vonriesa, I am a licensed agent, form way back in the early 80’s, today I work more as a consultant for foreign private investors, giving my personal experience as an opinion, I‘m updated regularly on any changes and new ideas and I have been seeing the whole country growing since our last 2001 crisis, even the locales are all running to invest in “bricks or land”. Prices are way behind international and so I’m seeing a bright future with all the knowledge that we still will have our ups and downs…..feel free to ask any questions in English or for any tips and advice and suggestions as well……. Best wishes from this side of the lake, Bob Frassinetti
