South American Real Estate News
/ Category / Residential in Buenos Aires

What you need to know when selling your property in Argentina

This will be the first of a series of articles about selling in different South American Countries What does COTI means? The COTI is the ” Real Estate Transfer Code” (“Código de Oferta de Transferencia de Inmuebles”) necessary to sell a property that exceeds $ 300,000 AR in value. Do I have to obtain the COTI to sell my property? Yes, if you are an owner and planning to selling your property that exceeds the value of $300.000, then you will have to obtain the COTI Who must request for the COTI?…

Which are the most expensive and cheapest neighborhoods to rent in Buenos Aires

In the month of January 2019, the average rent in the city of Buenos Aires rose by 1.9%. However, over the past year, the increases were 10 points less than inflation leading to poor returns for landlords. After a year in which they ended with increases below inflation, rents began in 2019 with a rise of 1.9%  according to a survey conducted by the property website ZonaProp. “In 2018, rents closed with a rise of 38%, 10 points less than accumulated inflation, while the UVA loan shares were located closer…

Argentina as an investment destination in 2019

Argentina is an attractive investment destination, assisting investors throughout the investment process: analysis, decision-making, establishment, operation, and reinvestment Why invest in Argentina? It is one of the largest and wealthiest economies in Latin America: 3rd largest economy in the region with a GDP of USD 586 Bn (after Brazil and Mexico) 2nd highest GDP per capita in the region in PPP terms, following Chile (USD 22,600) 4th country in the region in terms of population (43 Mn) To assist potential…

Buenos Aires Real Estate sales fell 27.4% in December 2018

The real estate market echoed, in 2018, the impact of the economic crisis. Last December the deeds of sale in the province of Buenos Aires fell 27.44% over the same month of 2017 and completed a year with a negative balance. Last month 14,890 operations were completed, compared to 20,521 a year earlier. The data arises from the monthly report prepared by the College of Notaries of the province of Buenos Aires. With the December data, 2018 concluded with a total of 119,633 writes, a 6.8% less than the 128,345…

The Impact of Blockchain Technology on the Surveying Industry, Cadastre and Land Registry Systems

THE IMPACT OF BLOCKCHAIN TECHNOLOGY ON THE SURVEYING INDUSTRY, CADASTRE & LAND REGISTRY SYSTEMS … blockchain technology and land surveying – may seem unlikely partners at first. However, this new and exciting technology creates a cooperative and synergistic environment in which all information, data, and images from a surveying project can be gathered in a reliable, confident and immutable way. OUTLINE I. Introduction to Blockchain Technology II. Overview of the Surveying Industry III. Surveying…

GTSA Social Media Real Estate Marketing – How well are we doing ?

Disruption to traditional Real Estate Marketing Over the past five years, the way real estate is presented to clients has changed dramatically right around the world. In the past, you could put an advertisement in the local newspaper and expect the phone to ring. Property sold. Now that we have a global market place and so much immigration and migration between previously unconnected countries and locations, we have a new challenge. How to reach the attention of busy, stressed people, looking for a…

San Telmo – The new “It” Barrio?

San Telmo has been long been regarded as the bohemian heart of the city, oozing with character and charm not to mention that the barrio is the home of Tango and the world famous antique market.  However, the area has always been regarded as a little scruffy and undesirable.     Until now. For many years developers and investors alike have been speculating that San Telmo will become the new Soho due to the fact that many of the bohemian pioneers that made Soho what it is today have now been priced…

Why testing the market is a waste of time and money

In soft market conditions, I struggle to understand the motivation of some vendors who list their properties for sale but were unlikely to ever accept the reality of what buyers are prepared to offer.  The thing is I don’t really get why they would bother because it takes a lot of effort and a lot of their money to essentially just test the market. Why would anyone go through a campaign that lasts a number of weeks, costs a few thousand dollars, and requires keeping your property fastidiously clean to then…

Buenos Aires Real Estate Bubble deflates: Property prices down 10% in dollars

According to the College of Buenos Aires Notaries, what really shrank was the lower number of the title transfers in the city in past year. What happened had to happen. After a year in which the Argentines faced a devaluation of the peso of 50%, and the doubling of the price of the dollar, a surge of inflation and the virtual disappearance of mortgage credit, the property price bubble began to deflate. In one year, the average real values at which houses and apartments are sold fell 10.2% in dollars. The data…

High-Value Property Marketing “The case for pre sale offers”

There are many different methods available for the marketing and sale of specialised high-value properties in addition to the traditional real estate listing arrangements of auction and tender type formats. There are of course advantages, disadvantages and tradeoffs associated with every marketing approach; and the best strategy for the marketing and sale of a specific property will vary based upon the ownership objectives and the particular property. One approach, which can be the optimal method in certain…

Argentine Debt: the next government will face the maturity of USD 60 Billion

Whoever wins the elections in October 2019 will need to go to the debt market to refinance current loans that are maturing. Advisors estimate that they will need to renegotiate these maturities with the International Monetary Fund Referred by many to as the lost decade of the Kirchner inheritance, which the current Government of Cambiemos has had to work to disarm the poisoned chalice of a previously controlled exchange rate, widespread subsidies, hyperinflation and various obstacles to normal international…

The Basilica in the Retiro of Buenos Aires and the myths that surrounded it

It was eight years of specialised construction, taking care of every detail to the extreme. Traveling to France to buy the best materials and even buying the largest organ in Argentina. Luxury, good taste and its Gothic-Romanesque construction whose with its exterior had a status of “forbidden love” amongst the Buenos Aires aristocracy. This was the birthplace of the Basilica of the Blessed Sacrament, in the Retiro neighborhood of Buenos Aires. “If I live in a palace, then my God also deserves…

Buenos Aires residential rentals tipped to increase up to 30% in 2019

Stable tenancies are the priority for landlords for 2019 Organizing and budgeting at a time of high inflation a schedule of expenses for the 2019 year requires property owners to be looking at the total cost of housing, especially if it is for renting and even more if a rental contract needs to be renewed. Specialists of the real estate sector foresee for 2019 annual residential rental adjustments of up to 30% in prices but owners will need to prioritize having a “secure tenant”. On the other hand,…

The facade of the De Ridder mansion on Alvear Avenue in Buenos Aires during its expansion, around 1927

Fuente: Archivo – Crédito: Archivo de Maud De Ridder de Zemborain In Buenos Aires golden age, Alvear Avenue was Frenchified, an idea based on the aesthetics of large residences preserved along with its short six blocks that, with few exceptions, recreated in Beaux-Arts style of the Ancien Régime. The culmination of its axis is the great dome of the old residence Ortiz Basualdo, the current French Embassy, to which the Plaza Carlos Pellegrini with its monument by Jules-Félix Coutan serve as a setting,…

Residential Properties prices fell in USD terms for the third consecutive month in Buenos Aires

The consequence of lower demand is affecting the more affluent suburbs. Suburbs such as Puerto Madero, Retiro and Colegiales are now worth slightly less. The lower demand has also lowered the profitability of rental properties. The prices in US dollar terms of apartments in the Federal Capital appear to be in decline. In November, although minimal (0.3%) the accumulated another fall against October and, thus, closed the third consecutive month of decline, according to a report of the site of purchases and…