CEO of GTSA gives six negotiating tips for foreign buyers
Geoffrey McRae, GTSA Real Estate Consultants CEO, outlines some basic negotiation skills that can help when approaching the sales process in a foreign country. Many foreign buyers are uncomfortable or inexperienced with the negotiation process in a country where they know little about the local customs. While the vendor has their broker to negotiate for them, buyers are at their own mercy. ( the vendor’s broker will often also act as a buyer’s agent, which is the norm in most markets we cover,…
Real Estate Prices in Buenos Aires are starting to rise
Real estate prices are rising again after one of the worst drops in living memory. This indicates that the prices have hit the bottom and the “rebound” effect has begun. Despite the worst buying and selling period in 20 years, property values are recovering and overcoming the crisis. According to a Buenos Aires College of Notaries report from July 2018, 3,357 homes removed their for sale signs from the facades and completed the planned transactions. Since 2023 started, these properties have already…
Hume Palace was built for a Scottish Railway Magnate in Alvear Avenue Buenos Aires
Alvear Avenue is emblematic of the elegance of Buenos Aires. The street contains an essential collection of architecture from the 1900s. In the first period, right up to the country’s first centennial, it was a street lined with Italianate villas or Victorian mansions with lush gardens. Then in the 10’s and ’20s, almost everything was replaced by private hotels of great size, inspired by the French architecture of the seventeenth and eighteenth centuries, as evidenced by the current headquarters…
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…
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…
This Armless Sculpture Is One of the Louvre’s Most Treasured Masterpieces and has a clone in Buenos Aires
It’s no secret that the Louvre has one of the world’s most stunning art collections. In addition to the Mona Lisa and an entire Michelangelo Gallery, the major museum also excels in antiquities, with gems that include the Great Sphinx, the Venus de Milo, and the Winged Victory of Samothrace. Buenos Aires has a perfect replica for all to see One of the most iconic buildings in Buenos Aires is the Estrugamou Palace Apartments. Within its, internal…
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. Buenos Aires walks through its streets and 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 no determinate order. In its skyline, everything lives together in sweet harmonic chaos. From…
Argentine residential market analysis for 2023
Introduction The Argentine residential market is one of the most stable markets in Latin America. While the country has been through a severe economic crisis and currency devaluation, it has grown rapidly since 2016. The market is expected to strengthen further in the coming years and Argentina will be one of the fastest-growing BRIC economies by 2050. Introduction According to World Bank data, Argentina is the 7th largest economy in Latin America. It was predicted that it would rise to 5th place by 2050. The…
Why the market value of investment real estate often comes back to the cost of replacement
Most legacy real estate salespeople use comparable sales as a measure of value for real estate, but it can be a trap if you are a value investor. Here’s my opinion on how buyers should be valuing investment property instead. Most people would argue they know how to value a property. There’s a basic format: You look at the property you like, look at prices for comparable properties, and estimate the value from there. In some cases, you might also include expected rental returns as part of your measure.…
Why Buenos Aires is an attractive designation for retirees
Buenos Aires, the capital of Argentina, is a vibrant and cosmopolitan city known for its European charm, rich cultural heritage, and thriving arts scene. With its sunny climate, affordable cost of living, and welcoming people, Buenos Aires has become a popular destination for retirees looking to spend their golden years in an exciting and stimulating environment. This article will explore the many attractions that make Buenos Aires an ideal retirement place. Culture and Entertainment Buenos Aires is a city…
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,…
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…
A Buenos Aires Weekend Hideaway
A SPRING AFTERNOON AND EVENING AT DOS RIOS The preparations for a visit to Dos Rios always follow a similar pattern, particularly packing up the cool box. What might one forget? Did we leave wine, vodka, and lemons from the last visit? The caretaker Beto picks us up from the dock on the mainland – sometimes the water is like silk, sometimes it is choppy from all the passing boats if lovely weather beckons the Porteños out to the Delta. Boats of all shapes and sizes bob and rush about on the river, and a…
Ranking: The five cities with the most expensive real estate in Argentina
It is historical, the properties located in the city of Buenos Aires are the most expensive in the country. Without going any further, according to the latest Index from the Zonaprop portal, in November, the average price of an apartment was US$2,562/m². However, the purchase price of real estate in some cities in the interior of the country is not far behind either. Based on a private survey by Zonaprop, which LA NACION was able to access, in which the cities that have -at least- between 400 and 1,300 properties…
Three Argentine cities are among the most expensive to buy a property in Latin America
According to a ranking by Mercado Libre, Punta del Este is the city with the highest property prices in Latin America. Buenos Aires appears on the list but it is not the Argentine city with the highest average m2 value: which is a city with the most expensive properties in the country The real estate market is going through a strong crisis that translates into a record number of properties for sale and low prices . But, despite the lower of values, today Buenos Aires ranks still as one of the most expensive…
