South American Real Estate News
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For the second consecutive month, the prices of the properties in Buenos Aires fell

April and May changed a stable previous trend by tilting the course of prices downwards. 73% of the districts recorded a decrease or a stagnation of prices generating a concrete possibility for the investors looking for a home for savings a great opportunity not seen for many years. According to a report prepared by the Zonaprop portal, after a period of five months of stable values (November 2018 to March 2019), for the second consecutive month, the sale prices of the properties showed a slight downward trend,…

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 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…

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…

Argentine Real Estate Market: What is the new Electronic Ticket and how it can be used to buy off the plans apartments with credit

The Government hopes with this new tool to boost sales of apartments sold of the plans in the City President Mauricio Macri presented this Monday a new tool to increase sales of sold off the plans apartments “The Electronic Real Estate Ticket”, a tool that seeks to boost the sales of apartments under construction in the City of Buenos Aires. The presentation was of a platform, that will operate within the Registry of the Real Property of Porteño, where the property developer and the buyer…

What you need to know when selling your property in Argentina

This will be the first of a series of articles about selling in different South American Countries What does COTI means?The COTI is the ” Real Estate Transfer Code” (“Código de Oferta de Transferencia de Inmuebles”) necessary to sell a property that exceeds $ 300,000 AR in value. Do I have to obtain the COTI to sell my property?Yes, if you are an owner and planning to selling your property that exceeds the value of $300.000, then you will have to obtain the COTI Who must request…

GTSA – Activity Update for November 2018

GTSA REGIONAL UPDATE Here is a short update on what’s happening in our region over the past few months. Argentina: Residential – Buenos Aires The Buenos Aires local residential market has slowed due to the Peso devaluation, poor financing options, and very high inflation. However, there has been a very high influx of tourists, some of which are turning into residential buyers due to the low prices. Farm Market: The farm market is still suffering from a lack of profitability in some sectors and as…

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…

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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