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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…

How some Buenos Aires brokers sell high-end properties

In a property segment that still active despite the currency crisis, the real estate companies dedicated to the higher value segments explain their different strategies to sell properties that can reach up to USD 10 million or more. From Instagram to open houses On Avenida Figueroa Alcorta 3200 there is a picturesque three-story home with its frontage covered with vines and windows with glass partitioned that are closed with huge wooden shutters, decorated with beds of white flowers. The property attracts attention…

The Buenos Aires Real Estate sales volume has fallen 55% and the mortgage credit is now at the lowest levels in 10 years

The situation cannot be more different than from a year ago. Whilst in March 2018 the sale of real estate in the city of Buenos Aires was at record levels (6,142 sales were settled) that number deflated by 55.4% to 2,738 operations in the third month of 2019. Thus, it was at levels similar to those of March 2013, when the exchange rate controls were in force, according to the latest data from the City’s Notary Public School. The economic recession and the rise in the benchmark interest rates hit the sector,…

Buenos Aires: In one year, the purchasing power of property fell 39% in local currency

It is because the US dollar strengthened more than wages but the price of Buenos Aires properties fell to a lesser extent. In the past 12 months, the purchasing power of an Argentine salary in terms of buying power has deteriorated greatly according to a recent report from the Universidad Argentina de la Empresa. The fall was due to the fact that salaries fell in greater proportion to the prices of apartments that are made available for sale. Regarding the levels of March 2018, the wage index measured in dollars…

Buenos Aires residential rental yields at historic lows

Due to the massive devaluation of the Argentine peso last year, the net yield received by an owner for renting a residential department in Barrio Norte sector of Buenos Aires fell sharply, going from 2.56% a year ago to 1.78% today. Gross income yield is the lowest since 1980 An analysis is carried out on the same property that has been studying since 2001. Located in the City of Buenos Aires, in Barrio Norte. It is a two bedroom apartment of standard quality located on the 9th floor in the quiet part of the…

10 Terrible Mistakes many Real Estate investors make

Although this post is aimed at residential investors it could apply to all real estate investors. Once the real estate market starts to recover, investing in property also becomes an appealing option — either as a career or a great side job. Like any other endeavour, though, there’s a right way and a wrong way to go about it. Bankrate spoke with established, full-time real estate investors and with professionals, such as bankers, to identify the types of traps into which real estate investors most often…

Buenos Aires: Storytelling in the city of wonders

As in any other city, Buenos Aires knows how to tell stories Anyone who has had the chance to visit Buenos Aires, has’ probably been surprised by the heterogenic style of its architecture. Walking through its streets, Buenos Aires becomes a sort of architectural tango where you are compelled to dance between the far belle époque up to the present following its visual choreography with no repetition and where there is not a determinate order. In its skyline everything lives together in a sweet harmonic…

Buenos Aires Property Price Review 2016

Buenos Aires Residential Sales Reviewed “Zona Prop”, the official index for specialising in website property search on the selling price and property dollars in Buenos Aires, issued a report called Buenos Aires Property Price Review 2016 that spotlighted the most sought after neighbourhoods and which of them offered the most affordable housing in Buenos Aires; identifying the differences in services and quality. As in other areas of the economy, Buenos Aires is a city that offers a wide range of opportunities…

Thinking of Remodeling an apartment in Buenos Aires?

If you are thinking of doing some remodeling work on your apartment and are worried about the price,  you will be relieved to know that the costs when considered in dollar terms is actually lower than one year ago according to the latest figures given by Buenos Aires Reporte Immobiliaria.  They are quoted as saying “costs to renovate an apartment in 2013 increased by over 20%, however, to take the price of marginal dollar in early January 2014 as a measure, a bathroom remodel costs 27.5% less and a kitchen…

Buenos Aires’ Historical Promenade: Avenida de Mayo

Walking down Avenida De Mayo you will be in awe of the many architectural treasures reflecting the glory days of Buenos Aires in the early 1900’s.  Being the main thoroughfare between the two governmental buildings of the Casa Rosada in Plaza de Mayo and the Argentine Congress in the Plaza de Congreso, the infamous Avenida de Mayo is often compared with La Gran Via in Madrid. London City Cafe depicts the architectural style of the early 1900’s.   It has also been likened to Paris or Barcelona…

Championship Polo in Palermo, Buenos Aires!

  Get ready for the 120th Argentine Open Polo Championship this Saturday, December 7th held every year at the Campo Argentino de Polo in Palermo (Av. del Libertador & Dorrego). This event attracts the top polo players in the world and hosts one of the oldest and most prestigious events in the international polo calendar as well as being one of the main social events of Buenos Aires.  Plan on wearing a big brimmed hat and sipping on a glass of chilled champagne between chukkers.  Tickets for the…

Classical French Architecture in Buenos Aires

From 1880, admirers of France as a model republic for cultural and aesthetic tastes, known as the ‘Generation of ‘80’, began to expand globally. The classical French style began to heavily influence even Non-French European Architects. At the beginning of the 19th century, after the wars of independence, European tendencies and influences penetrated into Argentina. As the new republic set about constructing a nation, the Argentine government aimed to move away from its colonial roots. At the time Argentina…
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