Mistakes to avoid when investing in real estate in Latin America
Investing in real estate may seem simple enough. Considered one of the most profitable businesses for investors, this market offers low risk and high rewards. Latin America is rich with opportunity right now. Relatively cheap land for properties and harvest and cattle breeding presents valuable opportunities. Investors should get involved in the market to receive higher margins. However, investing in a foreign country becomes very different and more complicated. Typically, laws, regulations, and rules about…
The Problem: Property Not Selling? Maybe we can help
There are several reasons why otherwise prime real estate gets no interest from qualified buyers. Is it priced for the market conditions? ( market values keep changing up and down ) Is it easily accessible to be viewed? Is it being advertised in the logical target markets? Does the quality of marketing represent the quality of the property? ie is it repressed by high-quality media that has been edited professionally? Here is an example from Cafayate, Argentina. Is the real estate salesperson experienced in…
Buenos Aires’ Historical Promenade: Avenida de Mayo
Walking down Avenida De Mayo, you will be in awe of the many architectural treasures reflecting the glory days of Buenos Aires in the early 1900s. Being the main thoroughfare between the two governmental buildings of the Casa Rosada in Plaza de Mayo and the Argentine Congress in the Plaza de Congreso, the infamous Avenida de Mayo is often compared with La Gran Via in Madrid. London City Cafe depicts the architectural style of the early 1900s. It has also been likened to Paris or Barcelona due to its sophisticated…
How to go about renovating apartments in BUENOS AIRES with its very weak currency
History in Argentina repeats. It is now a bargain once again to renovate apartments. Although this article was written in 2013, apart from the numbers, it is still relevant today. Many property buyers in Buenos Aires like to take part in renovating apartments, whether it be for making a place truly their own or for, renting the unit out or reselling it to make a profit. And what does it mean to renovate an apartment? Typically, it is to capture the original style of the apartment and preserve it while adapting…
Where to invest in Buenos Aires?
So, you decided you want to buy property in Buenos Aires but can not decide where. Hopefully, this will offer you some guidance. A recent study by the Center for Real Estate Research (Centro de Investigaciones Inmobiliarias) ranked neighbourhoods in the greater Buenos Aires areas by investment opportunities. It revealed the classic neighbourhoods of Palermo and Belgrano as still being the best place to put your money. Other top “barrios” were Saavedra, Villa Lugano, Flores, Villa Urquiza y…
11 mistakes a new real estate sales person should avoid making
Anyone starting a new job is bound to make some mistakes along the way. Having said that there are some basic ones not to make. 1. Not choosing the best agency in the speciality you are interested in. Anxious to get their careers off the ground, many newbie agents often make the mistake of not choosing the best agency to work with. From a recruitment perspective, the biggest mistake would be choosing a less than ‘best in market’ agency to commence your career with. “You learn so much in your…
Latin America Real Estate Searches Gone Viral
Real Estate searches via Internet is the new norm with 76% of those who bought properties in Latin America real estate last year first investigated via the web according to a report by Google. This is not surprising given the fact that Latin America has a higher penetration of Internet users than Europe and the United States. Argentina has the highest with 67%, Chile 58% and Uruguay with 56%. However, Uruguay can boast the fastest and cheapest Internet service in the region with the recent installation of fiber…
BRAZIL’s Real Estate will stay strong in 2014
Over the past five years the BRAZIL’s Real Estate market has soared, especially in Rio de Janeiro with the World Cup and Olympics coming up. There is plenty of optimism for investors to be found with the high tourist season returning swiftly followed by the 2014 World Cup, despite fears of a devaluation and signs of it potentially levelling off in 2013. The negative speculation was quashed by Teotonio Rezende, Caixa’s vice president (Brazil’s second largest government owned bank) who account for two…
Global hotelliers eye Latin America for unprecedent growth
The sky’s the limit for the hotel industry in Latin America, but that doesn’t mean hoteliers in the region can coast, according to panellists speaking during the Hotel Opportunities Latin America conference. Using the “View from the Top” panel as their pulpit, hotel leaders told attendees they have a lot of optimism for Latin America’s continued growth and are looking to expand their holdings throughout the region. Moderator Clay Dickinson of Jones Lang LaSalle Hotels said the region’s economy is…
Uruguay, an attractive and safe country for investors
Uruguay, a country with a long term strategy which is based on an open economy to the world”, said Astori who is visiting the International Real Estate conference (SIMA) in Madrid, in which Uruguay this year is a special guest. The four day event which has 150 stands and almost 400 promotion desks offers real estate opportunities in such distant places as Uruguay, Florida in the US, Dominican Republic and Russia. “Uruguay has all the conditions that make an ideal country to invest, not only its proved and…
