Why South America should be considered a Preferred Investment Destination

GTSA principal Geoffrey McRae has lived and owned real estate in South America since 2003, so he has his own views of its opportunities and risks. He founded the real estate group under the Gateway to South America brand covering Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, so he has seen the benefits and challenges of operating in each country and market. In his opinion, business success in the region relies on the ability to understand the countries’ histories, their business customs and learn…

Properties in Argentina: The trend is confirmed, and so far, in all months of the year, far more properties have been sold than in the same period of 2022

“We expect this trend to continue in the coming months and allow us to glimpse stability in the number of operations”, they anticipate in the real estate markets. A few days before the elections, with a dollar escalating at dizzying rates and an unstable macroeconomic context, the tendency would be for the real estate market to be at a standstill. However, the numbers show signs of recovery. In the city of Buenos Aires, operations grew by 15% in this first semester compared to the first six months…

The Best Real Estate Marketing Tips For Selling a Property in 2023

If you are like most people, selling your property is probably one of the most significant financial transactions you will make in your life, so here are some tips for selling a property in 2023 quickly, particularly if it is located in the South American region. There will be other properties in competition with you, so you must pull out all the stops to get your property in front of the most qualified buyers locally and internationally. The following marketing ideas may be helpful to you, helping you reach…

The enviable cosmopolitan lifestyle of Buenos Aires City wins over any who visit

image of Vida cosmopolita en Buenos Aires
You may see them in Paris, London, New York, Milan or any other metropolis. Forever comparing with a mythical South American capital, they gesticulate in a strangely accented Spanish: “we have (do/get) that in Buenos Aires!” They are the porteños (port dwellers), and you can´t call them boisterous: Buenos Aires is all those cities and then some. Founded in 1580, the city received migrant waves from countries as diverse as Spain, Italy, England, the USA, China, Korea, Bolivia, Paraguay, Peru, Uruguay,…

Offices in Buenos Aires. With optimism, specialists reveal the area most sought after by companies

The market is showing positive signs: net absorption closed with an increase of 93% compared to the previous period; In addition, the vacancy percentage of square meters has diminished. 2022 ended well for the office market: the last quarter of the year reflected a good performance of the indicators. In fact, it was the second in a row with encouraging data. Some concrete numbers: net absorption closed with an increase of 93% compared to the previous period. In addition, the dynamism of the vacancy of square…

Students in Buenos Aires reactivate the real estate business in CABA: what opportunities are there?

The conditions of the rental law, the return of face-to-face negotiating and the exchange rate impacted a sector that begins to move in December 2022 and does not stop in 2023. The increase in the flow of foreign students, the shortage of supply, the controversial conditions of the rental law and the competition from temporary-use properties have made the real estate market for university students in the city of Buenos Aires a segment that begins to move in December when the most far-sighted begin the search…

New Spanish investment in Buenos Aires: reopens the former Sofitel hotel on Arroyo street, Retiro, with new owners and a different brand

After being closed for five years, the former Sofitel hotel on Arroyo Street will reopen with new owners. The Spanish chain Único Hotels reached an agreement with the Bencich family to lease the historic Retiro building for the next 20 years and to reopen the five-star hotel at the end of the year or at the beginning of 2024. “Everything is signed and now it remains to move forward with the remodelling of the facilities and define the brand with which we are going to operate in Buenos Aires,” Pau…

The most beautiful and exclusive street in Buenos Aires is called Arroyo but is also affected by the current downturn: how much is the value per square meter now?

It is one of the most emblematic and coveted arteries of the Federal Capital, with historical values among the most expensive in the market, but opportunities do appear The physiognomy of the City of Buenos Aires has neighbourhoods with completely different characteristics from each other. Whether due to urban and architectural issues, the presence of premises with brands valued in the market, or the lower price per square meter. Each neighbourhood has its most coveted corners, where property values change…

The Palacio Estrugamou apartments are a reflection of Argentina’s Golden Age

“The classic and refined is sometimes associated with formality and excess. To me, it’s the opposite. In this case, the challenge was to transform that formality into something cheerful and luminous.” Said Maria Silvia Loitegui, decorator in charge of giving new life to this wonderful apartment located in a building full of splendour: the Estrugamou Palace. The gates and their ample corridors simulate the carriages ‘ entrances to the French palaces In 1924, when the construction was…

The curious reason why the volume of real estate sold in Buenos Aires ended 2022 as the best year of the last 4

The sale and purchase of properties ended the year with rising numbers. The College of Notaries of the City of Buenos Aires registered the best December of the last 4 years. Property sales ended in 2022 with rising numbers. According to data from the College of Notaries of the City of Buenos Aires , 4,253 operations were held in December, which translates into a year-on- year rise of 25.7% , while the total amount of transactions in 2022 climbed 45.9 %. The main explanation has to do with the drop in prices…

Buenos Aires Upper Class Residential Options

Buenos Aires, the capital city of Argentina, is known for its rich culture, vibrant night-life, and beautiful architecture. The city has a diverse population, with a mix of high-income and low-income neighbourhoods. For those in the upper class, there are a range of living options available, ranging from luxurious apartments in the city centre to spacious mansions in the suburbs. One popular option for the upper class in Buenos Aires is to live in one of the city’s upscale neighbourhoods, such as Recoleta,…

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…

A new era of the real estate market begins in Buenos Aires: property sales rose 24% in August

The real estate market is slowly beginning to recover. According to data from the Association of Notaries of the City of Buenos Aires, in August, 3,117 acts of purchase and sale of real estate were signed, 23.8% more than a year ago. In addition, the third consecutive month in which the barrier of 3,000 operations has been broken, something that has not happened since 2018. For specialists, the new era for the sector begins. The numbers are positive and bring hope in a sector hit hard in the last four years.…

Pointed “Financial Times” editorial on Argentina: “Financial ruin is lurking close by”

It called for more harshness from the IMF and cast doubt on the competence of Silvina’s Batakis’ plan: “The political and economic odds are seriously against her.” The Financial Times portrayed a dark horizon for Argentina, in the midst of the economic and social crisis that afflicts the country. The prestigious British media published a strong editorial on the situation: it said that “financial ruin is on the horizon” and cast doubt on the effectiveness of the plan of the…

In Buenos Aires, there is a lot of Residential Real Estate for sale, but few buyers: there are 163,000 Buenos Aires apartments on sale and less than 2% of the operations are completed

Although prices have fallen 34.7% in three years, according to one report, sales have improved little. San Telmo, San Cristóbal and Mataderos are among the neighbourhoods where prices fell the most The real estate stock is above 163,000 units, and only 1.57% of what is offered is sold. The excess of properties is so great that at the current level of demand, it takes 6 years to absorb all the real estate for sale in Buenos Aires when the historical average was two years. This was confirmed by Real Estate Radar,…
Real Estate and Investment News from South America
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