What can happen if you buy a new apartment off the plans and the area is less than what you paid for
Many apartments in Argentina and elsewhere are sold off the plans (en pozo), and usually, this goes smoothly. However, occasionally, there is a discrepancy between the m2 paid for and the number delivered. Sometimes there are more and sometimes less. However, this Buenos Aires buyer did not take this lying down. He sued and won for the missing metres. Paola U. bought a department in the neighbourhood of Belgrano in mid-2011. When it was delivered, the property had fewer square meters than what the construction…
Entering South America – 7 Essential Tips to make your life easier
Our top tips are based on our experience assisting hundreds of companies enter the Latin American Region and are directly relevant to many of the legal and operating issues which you are likely to encounter. Understanding the different issues will be the difference between a successful entry or one that is filled with stress and problems. Tailor your Company’s constitutional documents
A company’s articles of association set out the formalities relating to the composition of the board of…
Argentina is on track to becoming the region’s leading producer and exporter of lithium
Argentina is competing with Chile, which is South America’s top producer of the mineral lithium, a key ingredient for the production of electric cars. Its rechargeable batteries allow them to retain energy far longer. Consequently, its price has soared more than 30% to a record US$ 12.000 a ton this year. Since Argentina’s business-friendly president Mauricio Macri took office in December 2015 and opened the country to foreign capital, Argentina has received more investment than any other country in…
100,000m2 Cultural Centre in Buenos Aires is one of the largest in the world
The Centro Cultural Kirchner (CCK) is the largest cultural centre in Latin America and the third largest in the world. It occupies the entire building of the former central post and telegraph office – one of the city’s most important historic buildings and an outstanding example of French second empire architecture. The modern, diverse cultural centre boasts a huge 100,000 m2 of space spread over an incredible nine floors, dedicated to art, music, theatre and dance. Jean-Paul Gaultier is a French…
A New Real Estate Marketing option for Independent Brokers and Vendors
We offer an option for independent brokers and private Vendors to market their Residential real estate or Agricultural related businesses for sale outside their home location. For nearly 20 years, GTSA – Marketing has been marketing individual properties or projects for vendors and independent brokers without being involved in the sales process. This is in response to the effects of disruptive technologies available to sellers. We did this where we had no licensed sales support in the area or region and/or…
Technology and its disruptive impact on the real estate industry
What is the transformative impact of technology for real estate brokers? “Real estate agents will not be replaced by technology …. they will be replaced by agents with technology.” – Peter Williams – CEO of Deloitte Digital The principle here is that the real estate industry is not in imminent danger of being replaced by a single technology solution that completely disintermediates the process and makes the agent’s role obsolete, but rather that the transformations in the industry…
11 Things I Learned About Investing in Argentina
After completing my studies at the University of Canterbury I wanted the challenge of living and working abroad in a foreign language. With the help of the New Zealand Prime Minister’s Scholarship and the New Zealand Embassy in Argentina, I undertook a three-month legal internship with Wiener.Soto.Caparrós in Buenos Aires. WSC is a mid-size law firm specialising in cross-border legal advice, with specific expertise in cross-border finance, mergers and acquisitions, corporate structuring, tax law, employment…
The disruption Facebook is having on traditional real estate advertising
The real estate industry has always had a love-hate relationship with the portals such as zonaprop, argenprop , gatewaytosouthamerica.com etc. While the portals own the best audience for property buyers – and are therefore an important part of any vendor’s marketing spend – the charging models and sense of dependence have always irked independent agents. No one likes being obliged to pay for a service you feel you have little control over. But the portals and the technology that drives them are now…
Real estate uses will dramatically change in the next decade if not sooner.
The future of real estate will be influenced by disruption technology as people change how they shop, travel and even grow their food, a world-renowned professor of real estate says. At an international property conference, San Diego University professor Norm Miller said the technological innovations coming, from self-driving vehicles to AI and robots, alongside demographic trends, will cause dramatic changes in real estate, and it’s not a matter of if but when. “Ten trends will change real estate as we…
Zuccardi Family Vineyards, Mendoza, Argentina
ARGENTINA’S ZUCCARDI FAMILY WINES At the foot of the Andes Mountains ( in the Uco Valley ), in the vast desert province of Mendoza, sits Familia Zuccardi, Argentina’s largest family-owned winery as well as one of the leading exporters of Argentine’s premium wines. For over 40 years, the Zuccardi family has produced wines of exceptional quality and value from Maipu and Santa Rosa soils. Every wine at Zuccardi is from estate-grown, hand-picked fruit and is estate produced in a state-of-the-art…
Why does Argentina have a dual currency ? The Blue Rate
In Argentina, where about a dozen different exchange rates overlap, the government is creating ever more rules about who can access dollars and for what, making an already vexing system more complicated in a bid to delay the inevitable devaluation. Is the Blue Market Really a Black Market? In a standard economy, money is money. Whether you carry a briefcase of crisp hundreds into a bank in New York or a sack filled with small bills into a branch in Nebraska, the deposit to your account will look precisely the…
What Questions to Ask A Real Estate Salesperson before hiring them?
I have gathered some questions from my experience selling high-end real estate as a salesperson to managing GTSA operations in South America over the past 30 yrs. I think anyone thinking of selling their real estate investments should consider asking these questions when interviewing a potential salesperson or company to use. Before interviewing them, do some homework. The most important is to check their Web Presence in English and Spanish. If they have little or no presence, they should not be on your list…
GTSA Group Profile for South America
Gateway to South America is one of Southern Cone’s most experienced specialised real estate marketing companies with representation in Argentina, Brazil, Paraguay, Peru and Uruguay. We offer a comprehensive selection of rural, lifestyle and residential properties throughout the region. Few real estate companies can match our breadth of experience and level of service in these areas of real estate. Fewer still offer the same levels of specialist knowledge and total commitment to achieving the best possible…
JJL Latin America Office Market Overview, 2022
This report analyzes the performance of the main market indicators in 15 cities across 11 countries throughout Latin America. It provides a deep dive into each office market, comparing their historical records and their different situations. After two difficult years (2020 and 2021) during which most markets saw a marked worsening of their indicators, in 2022, nearly all the cities included in this report halted their decline. They started to show signs of stability and recovery. In this regard, it should be…
Foreign travellers flock back to Argentina and Chile
Argentina welcomed 410,000 foreign travellers in October, 76% more than in 2019, the last “normal” year before the COVID-19 pandemic and its ensuing restrictions, the Tourism Ministry reported Wednesday. October marked a “strong recovery” in terms of inbound tourism, with 410,000 foreign visitors from Uruguay. Between January 1 and October 31, 2022, 5.6 million non-resident visitors entered the country, of whom 3 million spent at least one night, which made Argentina a regional tourism leader for its…
