Buenos Aires Real Estate

Real State world in Buenos Aires

Organized by the House Property Argentina, will take place at the Hilton Hotel aimed at the real estate industry where will meet real estate companies and most prominent representatives. It will exhibit items on the creativity in the real estate business, Argentina 2008 / 2009, family businesses in real estate, operate with foreign investment, among other topics.

This is the 11 th international real estate conference, considered one of the most important. The event will take place throughout the today (Thursday 18/09) and tomorrow (Friday 19/09) and is said to be attended by over 2000 people. The official website where they can find more information is www.mundoinmobiliario.com.ar

Premium Property in Buenos Aires

I think the best areas that offer the best and coolest investments in Buenos Aires are the blue-chip areas of Recoleta, Barrio Norte and Palermo. These high-quality neighborhoods There are not only real state opcions for investements, there are also luxury designs hotels, furnished apartments and the best restaurants.

I start with Palermo, that is the most popular barrio for foreign property purchases in Buenos Aires at present, and in itself contains many different sub-barrios that are each unique in their own right.

Here are some property selections from a few of these areas (including Palermo Viejo, Palermo Soho, Palermo Hollywood, Palermo Chico and Las Canita ). For example Palermo Hollywood It offers a wide and quite different kind of restaurants and night clubs where you can spend great moments during all day but specially in the nights.

The decision of buying in Buenos Aires…

Surely we will agree that the most important moment and, at the same time the most anguish for all the challenge that this decision involve, is the positive decision of buying a property. First at all, because you will decide to invest the product of years of work and savings and second because you are miles of kilometers away.

The first question to make yourself is :¿FOR WHAT DO YOU WANT TO INVEST? If you only want to buy a property as an investment, the price will be the changeable to pay more attention. If you are looking for a housing, the central theme is the number of rooms, characteristic impossible to disregard and of course the zone.

Either it would be for housing or for investment, take your time for walking around, even though you won’t be able to known every details of the neighborhood but at least, It would let you know if the place has any potential or if you like it.

The search is exhausting but it is the most amusing part of the process. AND THEN?

The first step that we recommend is trying to get the CDI, which is the password that will let you buy (like a foreigner) any kind of property with a register in Buenos Aires city. After having the property, although it will be for temporary rent (a hotel’s room is useless because it is considered like a place for a short stay), it is ne need to arrange in the police station of the neighborhood a certificate of residence that costs $10 approximately (ten Argentinean pesos).

With that paper you need to go to the rightful AFIP, fill up a form and, at that moment, you will have the CDI number. It is very simple, and if you do not have it you will complicate and cancel any process of buying a property.

¿WHAT IS A BOOK OF A PROPERTY? It is a written formal process when you have the intention of buying a property. It is taken AD REFERENDUM, it depends on the approval of the owner. If the owner do not accept that, he will give you back the money. Otherwise, the process of buying the property must be continued.

The amount fluctuate among U$A500 and U$A 1000, and it must be reinforced if you decide to make a direct deeds or it is the previous step before signing the ticket for a buysell for the 30% the value of the property.

It is very important to remember that only in case it is a brand new house, THE BUYER DECIDE THE NOTARY THAT WILL BE IN CHARGE OF THE PROCESS.

Finally arrange the shipment of the money to Buenos Aires. For this we recommend only to use the official bank, because using other options it will cause more problems in the future, mainly legal problems with taxes linked with money laundering, linked with the international context.

Consulting is the begin of a successful investment program in a country that offers a varied and very convenient investment option.s.

How to choose a neighborhood in Buenos Aires for the purchase of the properties? Part III

Which are the things to do on the different neighborhoods?

Every neighborhood has its style, its culture and so its habits. Give yourself a little idea of the things to do you would find downstairs and around:

Recoleta: The gardens and terraces of Recoleta are plenty of classy restaurants and cafes, decoration props shops and even a design mall, museums, parks and cinemas.

Palermo: The neighborhood is well known for having the Palermo Woods, a huge park. It is a large district, so people will find all kind of shops and usual attractions, universities, offices near downtown and the special attractions
of the areas in Palermo.

Palermo Soho, Palermo Hollywood: They are known for theire trendy bars and nightlife attractions, many artists and designers even have their own bars around.

Las Cañitas: Its lovely streets light up at night inviting visitors to stylish restaurants and theme bars with cool music, drinks and food.

Puerto Madero: Has nice and elegant restaurants for family and theme restaurants along the riverbank. On weekends, visitors have the historical Sarmiento Frigate to visit, and exclusive discos where international Djs use to play at night.

San Telmo: At the weekend the streets blow up with flea markets, street shows and urban artists. It’s one of the favorite tours in Buenos Aires, inviting to nice walk.

La Boca: Is well known for its street markets, the tango corners and dancers, and urban artists.

Pilar: It is one of those places people use to visit in a nice wheatear weekend. It is near to “Delta”, the river and the fields. Right ahead there is also one of the biggest zoos of South America, with all kind of free animals. People willing to have a getaway from the city, use to choice the green outskirts of Pilar. They can also enjoy a lot of different family restaurants.

Which are the typical shops in every one?

The lifestyle standard also use to be related to the shops and amenities near as well. Here is a short review of the commercial places in each neighborhood.

Recoleta, Barrio Norte: They have a lot of art galleries and the most famous ones of Buenos Aires, shops to buy leather and luxury goods and to do window shopping, malls, haute couture designers, decorative goods, exclusive furniture and more.

Las Cañitas, Palermo Soho, Palermo Hollywood: Famous area because of its designers and trendy goods shops.

San Telmo: Beside the flea markets, there is the largest amount of antique stores, and collectibles of the city. Due to the high amount of artists who live there, it is also a good place to look for trendy art pieces.

Pilar: Near the country neighborhood there are some exclusive shops and the biggest mall of Buenos Aires.

How to choose a neighborhood in Buenos Aires for the purchase of the properties? Part II

How are the buildings and apartments?

If you are thinking of how are the streets of your new neighbor going to be, I can share with you some few things:

Recoleta: Tourists use to call it the “Little Paris”, but it also has British style buildings. Here you will find roomy & classic apartments, wooden streets, and lesser apartments per floor. It is one of the most valuable areas of the city.

Palermo: It is one of the main districts, so it has traditional houses & buildings, parks & squares. Because of its wideness and different attractions, some of its districts have been recalled Barrio Norte, The Old Palermo, The Soho, Palermo Hollywood and Las Cañitas.

Palermo Soho, Palermo Hollywood: They are part of Palermo Neighborhood, so they have traditional houses and renewed PHs, which are some kind of large apartments with many rooms and high roofs, sometimes with more than a floor, and stairs on the yard. But also, there are new developments coming.

Barrio Norte: This area takes some blocks from the streets of Palermo and Recoleta, so it has something of both.

Las Cañitas: Las Cañitas is an area between Palermo and Belgrano which has been increasing its popularity thanks to its high lifestyle standards, its fancy attractions and the good security on streets, probably due to the high amount of military dependences around. Streets have classic buildings but mainly new developments with modern apartments and Lofts. Streets are wooden and buildings use to have lesser apartments per floor than in other popular neighborhoods.

Belgrano: Along with Palermo, there are the largest residential zones. In Belgrano R (Residential Belgrano), the neighborhood has the kind of families and houses you could usually find in Recoleta. It has residential buildings, tile wooden streets, parks & squares.

Puerto Madero: Just like the London’s Docks project, the docks of Buenos Aires have been renewed and represent the latest architectural trendy. Along the streets, owners drive their selves to the skyscrapers, the renewed buildings and condos, or await for the new developments coming.

The place is meant to be a dazzling neighborhood, even as much as the exclusive Recoleta.

San Telmo: This is one of the oldest districts of Buenos Aires, once spread from the dock’s edge on tile streets. The first neighbors built their fancy buildings around, which has been renewed nowadays to become PHs apartments in most chases.

La Boca: This is another kind of cultural neighborhood in Buenos Aires, built as well for the first neighbors who were part of a rather more popular class. Some people even say Tango’s history born there. Today its buildings have also been renewed yet with a particular style, so streets are splashed of colored buildings and condos, right away from the river.

Pilar: This is the area of the country houses, with the American buildings style. Pilar born once as a little town near Buenos Aires, but it has been taken by the city throughout the years. Along with other traditional surrounding neighborhoods like San Isidro, Pilar are chosen by those who look for safety streets, gardens with flowers, trees and quietness.

How to choose a neighborhood in Buenos Aires for the purchase of the properties?  Part I

This note will be delivered in three parts, so that all people who are considering buying a property in Buenos Aires, but still do not know which may be the best place, have some information here that will found it useful to read: a profile of the Buenos Aires’s streets to help you decide what is the best place.

How are the neighbors?
If it is important for you to know how your neighbors could be on the streets you’re seeking, here there are some short comments on how people use to be around:

Recoleta, Barrio Norte, Palermo, Cañitas, Belgrano: These are residential neighborhoods, people move here to live in family and have a quiet life, in nice apartments or houses, safe streets, squares, and all commodities for families. They all surround downtown.

Palermo Soho, Palermo Hollywood: These are the favorite streets for young people, designers, students and artists. People move here to be close to night’s attractive, but also to open their own design shop, a theme restaurant or bar
and other things like that.

San Telmo: This is the bohemian & artistical district. It is not a common place, its main streets are plenty of culture, music and art. If you would like to be close to Buenos Aires cultural life, this is the best place.

Puerto Madero: It is the latest neighborhood of Buenos Aires, a riverbank renewed just like the London’s Docks. Professionals and business people move here, but also families looking for the high lifestyle standards and the fancy attractive in the renewed docks.

Pilar: It is the country houses area. Families move here looking for its beauty and safety. People build nice houses on their yards, and drive to work during the weeks after a quiet Sundays.

Tips for travelers

One of the new methods that are being used increasingly by most tourists is renting apartments equipped in the best neighborhoods of Buenos Aires, Recoleta, Puerto Madero, Palermo, Barrio Norte, San Telmo these apartments are equipped for short and long periods from 2 to 6 guests with all the comforts of a “home” during their stay. This new form of accommodation has the peculiarity of having the privacy that can not be found in a hotel. For these cases as you will be hosted for a period of time in the apartment, and it would do well to consider the following items:

• Internet: many tourists bring their personal computer to be connected with their country of origin, if there is the Internet in Argentina, but the important thing to know is that all companies providing Internet have problems connecting service to its Macintosh machines, hence it is recommended that before arriving at their destination comment that you have a Macintosh computer, so that it knows whether the hand before going to be able to use or not.
• Phone: one of the modes that can have the phone lines, called control line, it has a feature that is credited XX amount of pesos in the phone, being able to make local calls to landlines. This peculiar pattern that has the time to lift the tube to make a call is not heard tone, but is heard a female voice that informs us how much money we have available to make calls. In case they want to make calls to cellular, long distance or international, in all the kiosks can be achieved “calling cards” for such communications.
• Keys: not all countries use the same keys to enter the various properties, including in Buenos Aires are changing depends on the buildings and departments. It is important to know that some keys have the right and vice versa, so if you are entering the lock side setback, there is a possibility that the same locks and make necessary arrangements or change of locks. It is therefore important to ask when entering a property if the keys have the same right and vice versa, to avoid these difficult times.
• Gas: or in the city are still used for cooking gas, very few departments in which they use the electric burners.

When planning a trip to Buenos Aires must take into account certain aspects of this city, not to meet with surprises upon arrival. Some of these are:

• Banks: there are some debit cards / credit that have a special operation in banks in the city. Regardless of the amount that the limit established for each particular bank of the debit cards, it is not surprising that only allowed to withdraw $ 300 .- (pesos) of what he has good news is that not only can withdraw that amount per day, but by extraction, which can perform more than one extraction per day .- $ 300 (pesos) each time.

• Local currency: in some shops are beginning to accept this payment in foreign currency (U.S. dollar), but not to enter into speculation, it is preferable to change earlier. In this issue is important to know that companies that change can be found in the Ezeiza Airport are characterized by making changes in currency with the lowest price stipulated by the National Bank. If possible it is preferable to bring a little cash and no change in their country of origin, and then once established in the city is directed at exchange houses or banks to make the change. For more information you can visit www.dolarhoy.com
• Electricity: as you know not all countries use the electrical voltage, so you do not have problems we need to know that the voltage used in the country is 220 Watts.

In case you need to contact your embassy during your stay in Buenos Aires, here you will find a complete list of embassies and their respective addresses: http://www.embajada-online.com/embajadas-de-otros-paises-en-Argentina-P7.htm

Large pools of investment globally tend to be one step ahead in the information they handle, such as where it is most desirable area to focus their capitals in search of bigger rent ability, which are the places with boom, and so on. And small investors, where do they take their information from?

Something to know is that unlike previous years where the investment was more fluid and constantly by the European public, the euro reached a difference with the dollar 60 percent of which from a monetary standpoint mark the desirability of invest, as a property of U S $ 100,000 U.S. dollars to acquire it is possible € 60,000. But this is not happening.

The reasons we can look for the fall values of properties in the United States and Spain mainly, and the rise in local values. The key is to look carefully and with tranquility knowing that there are good options to purchase and not necessarily in central locations such as Recoleta or Puerto Madero, names that are part of the vocabulary from abroad.

Palermo Hollywood is facing a transition similar to that experienced during the first years after devaluation; Palermo Soho area today turned into housing for walking and mandatory visit Buenos Aires, a product of its gastronomy, its stores that stand as a fashion pint, night life and its joyful constructions. But like any transition, to risk something new is seen as distant or uncertain. In March 2009 will be completed and operating a luxury five-star hotel, which joined LA ALGODONERA, LOS SILOS DE DORREGO and Av. Juan B. Justo towers are symbols of this area that will soak will glamour a neighborhood that knows how to mix strictly Buenos Aires with touches of modernity providing an interesting eclectic style.

And if we add to this the exchange advantage, Buenos Aires continues to provide attractive investment alternatives in areas that are on track to set itself up as favorite in the taste of those seeking new and better alternatives is as permanent or temporary housing.

The north of Buenos Aires, it was historically the zone of the city most estimated to live and certainly for real-estate business. The best constructions, the most luxurious towers, the projects of more resonance were predestined to have one point of reference in the city, the north.

On the other hand, the south after the yellow fever epidemic exiled all the wealthy families that were living in the areas surrounding San Telmo in the middle of the 19th century. Little by little was losing the charm, furthermore in the southern part, where there was an industrial pole that was used as base to the big factories of Buenos Aires and the surroundings. With these precedents, the south was devaluated compare to the lucky north.
For some years, the south is generating another interest, Puerto Madero probably has been the key to put attention and to see that beyond the Belgrano Avenue there is much to do, for construction and new urban options.

The situation we commented in previous post, about the north in relation to reach a plateau in terms of construction is turning the south in the main protagonist of the next years. The relocation of the civic center and the construction of new subways from north to south are showing that it is time of develop the south part of the city. New and important real estate business will be news in short or medium term.

Even though its plateau, the north hasn’t been the center of important investment opportunities, Palermo, Recoleta, Retiro and Belgrano are its main neighborhood.

Recoleta is one of the neighborhoods of Buenos Aires most estimated by its diversity in alternatives of entertainment, cultural and purchases options, but it is also one of the most wanted neighborhoods for renting apartments or buying properties for investment.

The famous Alvear Avenue, one of the most exclusive ones, which concentrates the most luxurious mansions of the city, also offers important houses fashionable internationally and hotels of prestige as the “Alvear” or the “Palace Duhau”.

To rent in Recoleta, is a good choice and a great possibility of living around the best restaurants in the city, pubs, the hippie fair on Saturdays and Sundays, the National Museum of Fine Arts, the Village Recoleta with its 12 cinemas, bookshops, bars and galleries of art.

Furnished apartments available for temporary rent in Buenos Aires of 2 or 3 rooms are the most wanted, but the one room apartments, called studio, has also very high demand. Apartments Buenos Aires as business offer multiple advantages.

Many investors have chosen Recoleta, as investment, buying residences that then, rent furnished to tourists for short stays, assuring them a return of investment, an extremely attractive business. The business is to accede to a real estate business with a minimal investment and to obtain a rent similar to the one that might be obtained in European countries or The United States.

Recoleta has a lot to offer to tourist and investors that think in Argentina
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