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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…

Real Estate in Buenos Aires: Opportunity?

City of Buenos Aires Real Estate Market Opportunities
Both Argentina and the City of Buenos Aires, stand out for an endless number of singularities. These range from cultural diversity, a variety of landscapes and climates, through the quality of wine and meat, to artistic production. Another of the innumerable peculiarities that define Argentina and, more specifically, its administrative, cultural, and financial capital, is its unique real estate market. The real estate market in the City of Buenos Aires has a main distinctive feature: it’s not negotiated…

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…

Buenos Aires: a Mecca for overseas property investment

Argentina’s booming economy is fuelling investment interest across the real estate spectrum from residential to commercial assets and hotels. With fantastic returns on investments, property investors from around the world are snapping up real estate opportunities, in anticipation of future capital growth. In addition, the tourism sector is also rapidly expanding; tourism in Argentina is expected to grow at a rate of 10% annually until 2020, compared with the world average of 4.1%. In 2010 one of every…
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