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The world’s most beautiful bookstore

One of Buenos Aires Cultural Gems The Ateneo Bookstore is an architectural jewel in Buenos Aires, is considered the world’s most beautiful bookstore according to National Geographic. ​ “On a bustling commercial street in the fashionable Recoleta neighborhood of Buenos Aires, Argentina, you can visit a serene temple of books”, the world-renowned publication said of the city’s most famous bookstore. “Conversations are hushed, as if in a grand library, yet the space is so warm…

” Open veins of Latin America” A must read for anyone thinking of doing business or living in Latin America

This translated book begins with a foreword by left-wing writer Isabel Allende, and here is  just one quote from her  introduction of the book: “His work is a mixture of meticulous detail, political conviction, poetic flair, and good storytelling.” The translation by Cedric Belfrage merits special note. This book sings in English, and the translator has done justice to the original. A major recurring theme throughout the book is that of capital squandered by the few while the many actually producing…

The Estrugamou in Buenos Aires – The Pinnacle of French Classical Architecture

image of Vida cosmopolita en Buenos Aires
On the corner of Juncal and Esmeralda streets, in the Retiro neighborhood of Buenos Aires, sits a stately and imposing relic of an era of French architecture in Buenos Aires, a city often dubbed the “Paris of South America.” The residential Estrugamou Building, or Edificio Estrugamou, resembles an aristocratic French mansion, with its chimneys, mansard roof, cornices, and three-story classical columns. The first wave of French architects came to Argentina in the 1820s, shortly after independence from Spain…

10 property tips when buying

My thoughts from 30 yrs in the real estate industry. Tip 1: Contact your broker, don’t wait for them to contact you – Good properties always sell even in a tough market. Your ability to buy the best properties that tick all of your boxes comes down to the relationships you have with the local brokers, so take the lead and make sure they always think of you first when they become aware of that perfect property. Tip 2: Buy when you can afford to buy – You will never get: (1) High growth,…

Who is to blame for the high inflation in Argentina

Most of the opinion polls tell us that after government corruption high inflation is the public’s Number One worry shortly followed by insecurity. We shouldn’t need the pollsters to tell us that. We can listen to the complaints in the lines at the supermarkets, read the headlines in newspapers, or hear the pronouncements of business leaders and political candidates. Inflation is terrible cancer that must be brought under control, we are constantly warned, or we face a bleak future and perhaps an economic…

Buenos Aires City Neighborhoods Explained

Buenos Aires is divided into a number of “barrios”, which means neighbourhoods or suburbs. Each one of them has something special to offer and has an important story that identifies the spirit and characteristics of its citizens. To find your way around the city, you can quickly navigate the cities Map of Buenos Aires neighbourhoods. Where to Stay in Buenos Aires? Insider information of the most popular Buenos Aires neighbourhoods: Recoleta: firmly established as the most cultured neighbourhood…

Argentine Real Estate Crisis: Profitability has slumped to an all-time low

The average return reached 2.8% this year meaning it takes 36 years to recoup the investment. Selling prices dropped in 87% of the city neighbourhoods The profitability of the properties continues its downward path and, with an average of 2.8% a year, reaching a new all-time low, according to a report prepared by ZonaProp. The survey highlights that the devaluation of the peso in August caused the price of rents measured in dollars to fall sharply. Although the sale value of the properties declined, this was…

Dumb and dumber. Trump doesn’t understand currency wars, when he attacks Argentina and Brazil

What a difference a decade makes. Back in September 2010, Guido Mantega, Brazil’s then-finance minister, was complaining bitterly about “currency wars”, and claiming the Federal Reserve’s ultra-loose monetary policy of the time was unfairly hurting his economy. “We’re in the midst of an international currency war, a general weakening of the currency,” he said then. “This threatens us because it takes away our competitiveness.” Fast forward to December 2019,…

Flight of the Phoenix – Christina Kirchner returns to power

It is often said that politics is theatre. This has been especially true during the past four years in Argentina, which has been a high-stakes melodrama along Kafkaesquelines, redolent with existential anxiety, alienation, and absurdity. The convoluted plot sees the ruling President Mauricio Macri and his coterie of media magnates and partisan judges trying to bury the immediate past president, Cristina Kirchner, in vexatious criminal prosecutions and relentless calumny. But when their neoliberal economic policies…

Political Risk Analysis: What’s Next For Argentina?

On October 28, 2019 voters in Argentina elected Alberto Fernandez, a political ally of controversial former President Cristina Fernandez de Kirchner, to replace Mauricio Macri, a business-friendly centrist, in the country’s executive office. The election marks a return to power for Argentina’s left and an uncertain path forward as the country still faces a number of long-term challenges. On December 10 Fernandez will take over as Argentina’s president. Foreign investors are still waiting to see the…

A continuing crisis, the real estate sector in Buenos Aires had its 17th month of consecutive falls

Average transaction values fell 18.8% in US dollars, which could be an indication of the lower prices The real estate sector continued its 17th year-on-year fall in October after it was obvious the market-friendly government of Mauricio Marci was going to be replaced by the earlier corruption-ridden one of Christine Kirchner. According to the Colegio de Escribanos porteño, last month 3,152 settlements. This represents a drop of 14.1% from October 2018. However, against September purchases were up 9.8% from…

Why did GTSA develop the vendeRAPIDO® selling process for selling real estate in South America?

There are two reasons. To speed up the selling time and maximise the properties value  Current Market Realities South American real estate markets are in the main lightly regulated and highly informal. What this means for vendors is they are at a strong disadvantage when they come to selling a property within a reasonable time frame.  Traditional times of sale are measured in months and years.   Consequently, transaction costs are among the highest in the world.  With the globalization of real estate GTSA…

Personal Property Taxes in Argentina: A rush of accountant inquiries due to the fear of increased taxes

Accounting studios are increasingly receiving “emotional” inquiries from their most wealthy clients due to a change of government which has a reputation for hurting the upper middle classes. One option for savers or property owners is to obtain residency in Uruguay and renounce Argentina residency or form an irrevocable long-term trust and lose direct control over the money altogether. “The vast majority of consultations are for achieving an Uruguayan residency and losing their Argentine one.…

Ben Caballero Becomes the World’s First $2-Billion Real Estate Agent

2018 Sales Totaled Nearly 5,800 Homes for a Volume of $2.27 Billion Ben Caballero, the first Guinness World Record holder for home sales, broke his world record for an individual real estate agent, selling 5,793 homes totaling $2,270,911,643 in a single year. That’s according to data from local MLSs of the Houston Association of REALTORS®, North Texas Real Estate Information Systems, San Antonio Board of REALTORS® and the Austin Board of REALTORS®. Ranked…

A group of like minded movers and shakers, seek to position Buenos Aires as one of the top 20 cities in the world

The Government of the Buenos Aires has created the BA Global Council, which will integrate important city companies and references of culture and education to attract visitors, talent and businesses. The Government of Buenos One launched a strategy of international projection of the city, with the aim of positioning it among the top 20 in the world. The project aims to install it as a leading city to live, visit, study and do business, with the aim of making it one of the global capitals in quality of life,…
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