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Is Argentina ready to do business with China Culturally ?

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Is Argentina ready to do business with China Culturally ? A Sinologist highlights the enormous importance of culture when it comes to doing business with the world”s second-largest power The enormous weight of the trade and infrastructure accords Argentina has signed with the People’s Republic of China there is a key factor too often overlooked: culture. Gustavo Girado, a former adviser to the Agriculture Secretariat under the administration of the late president Néstor Kirchner (2003-2007) says that…

GTSA Activity Update

          GTSA UPDATE I trust everyone had a happy Easter and found the time to relax with family and friends. Here is a short update on what is happening in GTSA. Argentina: Buenos Aires: Residential brokers Roxana and Marcia have just returned after enjoyable holidays with families. The local market is still active in the areas that we specialize in with many Argentines looking to take advantage of the low prices before the foreigners can start buying again when the dollar restrictions…

Do Argentine’s have a high tolerance for dishonesty ?

Many of Argentina’s neighbours would say that Argentine’s have always had a high tolerance for dishonesty. Now printed on the front page of the most respected newspaper in Argentina it quotes a just released social survey that would suggest they do. After decades of Peronism and more recently Kirchnerism the line between what is right and wrong has been blurred to where much of society works on the edges. Now when the newspapers print everyday evidence of criminal malpractice by the politicians and…

Aerolineas Argentinas soars once again

          President Cristina Fernandez de Kirchner has many detractors and it’s fair to say her second term as president has been a rocky road with her ‘model’ beset by seemingly intractable travails across the board. What with vulture funds, recalcitrant farmers, problematic vice-presidents; one disobedient the other under indictment, capital flight, bolshie unions, railway tragedies and now Nisman/AMIA not to mention her health issues its fair to say just about everything has…

Tax Dodger Amnesty in Argentina Enables 15% Discount on housing for some Buyers

Tax Dodger Amnesty in Argentina Enables 15% Discount on housing for some Buyers (Joe Blogs ) said he plans to tap the secondary market in “Cedins” — central bank-issued certificates given to Argentines in its tax amnesty program. In exchange for turning in untaxed foreign currency, people get dollar-denominated Cedins they can trade or use to buy housing. The notes are now selling at a 15 percent discount. “I’m interested in doing a transaction withCedin because it’s so much cheaper,” said…

First Premium Outlet Mall opens in Buenos Aires

Distrito Arcos, Buenos Aires first outdoor premium outlet mall, is now open to the public.  It is conveniently located in the heart of Palermo and on the dividing line between two of the city’s most popular neighborhoods for expats and foreign travelers: Palermo Soho and Palermo Hollywood. The first phase of Distrito Arcos includes 53 retail outlets including Adidas, Billabong, Cheeky, Como Quieras Que Te Quiera, Grimoldi, Grisino, La Dolfina, Puma, Rapsodia, Samsonite, Sarkany, Tascani, Tucci and Wanama,…

Foreign Investors are becoming more optimistic about positive change in Argentina

A number of interesting trends are happening in the Argentine Real Estate Market currently. There is increased interest from European buyers in Argentine for investment type properties. This is partly driven I suspect by lower prices and an observation that the current dysfunctional government of Argentine is about to change. For the first time in decades if ever the opposition parties are joining ranks and the polls show the voters love them for it. A new broom with introduced policies the opposition parties…

Argentina’s tax scheme is entering the modern age

Electronic billing to be mandatory in July, while taxis could accept debit and credit cards soon. The Argentine taxman is increasingly betting on technology to improve tax collection. AFIP announced yesterday a plan to turn payments into digital form for a large part of the economy. The first step will be taken on July 1 with the prohibition of manual invoicing, authorities confirmed yesterday, but the plan goes as far as embedding software for the payment of domestic services such as plumbing, taxis and even…

Argentina Electors are looking for change after years of financial stagnation

Argentina Electors are looking for change after years of financial stagnation Despite debt tensions and plenty of controversy under President Cristina Fernandez de Kirchner, Argentina’s stock market has been a lucrative place to invest over the past year. The Global X MSCI Argentina ETF (ARGT) is up 5% over the past 12 months. Telecom Argentina (TEO) is up more than 15%. And Petrobras Argentina (PZE) is up 22.5% over the past year, while Brazil’s Petrobras — Petroleo Brasileiro (PBR) — is down 46% in…

Tourism numbers well up in January in Argentina

image of Vida cosmopolita en Buenos Aires
The year started off on the right foot for incoming tourists sector as more foreign visitors arrived in the country in January, spending more than the same month last year. The number of foreign tourists visiting the country in January rose 9.3 percent, compared to the same month last year, to 706,400 people and their spending rose 17.3 percent to US$290.9 million, the INDEC statistics bureau reported yesterday. The figures show a continuing trend following the positive results of 2014, when more foreign tourists…

Are disruptive technologies like Airbnb and Uber creating another new black economy?

Are disruptive technologies like Airbnb and Uber creating another new black economy? It is called the “shared economy”. It has been embraced by millions of consumers globally, and has made multi-millionaires out of the savvy entrepreneurs behind its most high-profile services, like Uber and Airbnb. But for governments around the world, it has proved to be a difficult beat to police. The likes of Uber, the taxi industry disrupter, and Airbnb, the room-sharing service, have at times refused to play…

Residential Rents in Buenos Aires are soaring as landlords seek to stay ahead of inflation

Residential Rents in Buenos Aires Renting a house or an apartment this year will be between 25%  and 30% more expensive. Locate experts and real estate brokers estate agree that the determining factor is inflation. “Rents increased between November 2013 and March 2014, 28.5 percent; so today, if new residential rents are line with this trend continues, the increases for 2015 will could well exceed 30 percent with semiannual adjustments of 15 percent plus. Besides inflation, Germán Gómez Picasso, co-founder…

Argentina in Top 5 of World’s Best Places to Buy or Retire in 2015

Argentina in Top 5 of World’s Best Places to Buy or Retire in 2015 Everyone who is interested in buying international real estate loves to take advantage of a market in crisis. According to world renowned publisher, Kathleen Peddicord of Live and Invest Overseas,  Argentina tops the list for countries where buyers can benefit from the strong dollar.   She claims “this is where you could get a great deal on a second home in the sun, a holiday escape that you could rent out when you’re…

5 Reasons You Will Not Succeed Selling Real Estate in any country

Unless you are fully committed to real estate as a profession and have a solid business plan, you will have trouble finding success anywhere. Here I have outlined five situations that can bring down your career — and how to avoid them. Over the past twenty five years, I have had the opportunity to train and work with some of the world’s greatest real estate professionals. This experience has allowed me to witness first-hand not only the success stories but also sight more unfulfilled potential than…

How to choose an effective selling broker in South America

South America’s real estate market can be characterised by two important facts. Properties take longer to sell and have higher transaction costs than in most Western countries Why? Although it is slowly changing there is considerable informal selling both by vendors directly and speculative pricing. The end result is a confused market with little price transparency and few skilled brokers available. (Selling skills can be obtained two ways; by experience through selling large numbers of properties or by specialised…