The area that used to be the coolest in Buenos Aires adds new projects: how much does an apartment now cost?

An iconic square in the heart of Buenos Aires underwent several changes after the pandemic. How is that area today, and what investments are being activated? In the heart of Retiro, around a “green lung,” one of the oldest and most beautiful squares in Buenos Aires, architectural proposals were raised that made that area one of the most coveted for a long time. The current layout of the square responds to various projects carried out by the Municipality of Buenos Aires, in which the renowned landscaper…

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image of Arquitectura Francesa en Buenos Aires
Retiro means ‘the Retreat’, the name of a country house owned by a Spanish governor in the late 17th century. Today, Retiro is, for most people, synonymous with two newly renovated train stations and the principal bus station in Buenos Aires. Mitre is an English-built station (look out for plaques of the British material suppliers) dating back to 1915 and was inspired by London’s Crystal Palace. Between the crowds, you can glimpse its rebuilt glory. Every morning thousands of commuters from the wealthy…

Expats are Snubbing London, Paris and Hong Kong. Buenos Aires now in the top 10 of the new favourites and number one in South America

London, Paris, and Rome are famed for their history, culture, and commerce. Now, they share something else in common: Expats don’t like them.  The three European capitals attracted some of the lowest rankings in a global survey of more than 15,000 people representing 173 nationalities. Concerns about health care, safety, work-life balance, and the affordability of housing weighed on their scores in research conducted by InterNations, a Munich-based expat network with around 4 million members. “Expats…

Happy vendors make for a successful real estate salesperson

Marcia Williamson has been a successful GTSA – Buenos Aire’s broker since 2013 helping foreign and local buyers get the best price for their properties in which is at times, a difficult market for the uninitiated to transverse. It is not hard to see why when she gets recommendations similar to this one. “It is with enthusiasm and deep appreciation that I write a letter of recommendation for Gateway to South America real estate agent Marcia Williamson.  I interviewed several agents before…

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…

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…

Argentine Crisis: the Real Estate Sector approaches 2001 levels

In July there was an improvement compared to June, but those numbers of real estate sales in the city of Buenos Aires does not reflect the 14 months of consecutive year-on-year decline, a historical cycle similar to what happened after the 2001 crisis, although still far from the exchange rate crisis, during the presidency of Cristina Kirchner, which caused 25 months of falling prices. Last July there were 3208 operations, according to the Colegio de Escribanos porteño, 18.7% more than in June, but a 27.6%…

Buenos Aires Real Estate: Developers call for clear permanent rules

Despite the devastating numbers that indicate a drop in sales in new projects of more than 50 percent compared to the same month last year, developers prefer to look at the glass half full and bet on the long term. That was one of the main conclusions of the fourth edition of the Real Estate Summit organized by the leading Buenos Aires newspaper, La Nacion. “It’s a sector in which when you start a project until it ends, it goes through all the economic cycles,” said Marcos Juejati, founder…

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…

Buenos Aires properties are the most expensive in Latin America

A real estate survey of Latin America (Rial), which was carried out by the University of Di Tella with Navent (Zonaprop), showed that Buenos Aires is the city with the most expensive square meter prices in the region. According to the report, which takes into account the prices of properties last March, the value of the square meter in Capital Federal grew a 0.6% in dollars in the last year was priced in USD 3,125. In this way, it surpasses Santiago de Chile (USD 3,111) and Rio de Janeiro (USD 3,039). The previous…
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