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…
Properties. Where are the most expensive and cheapest neighbourhoods in Greater Buenos Aires
Gran Buenos Aires ( B.A. Province ) is home to almost 10 million inhabitants and many differences in property values. The scenario in 2019 shows the lowest values in some localities in the South, and peaks in Northern such as San Fernando, with numbers coming to exceed the prices of the prefered points of the Capital. The difference between the two ends can be more than seven times. The data is derived from the publications made on the Zonaprop site. According to a survey of the portal, the most exclusive neighbourhood…
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,…
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 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 of an…
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 for the COTI?…
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 five…
