Buenos Aires Real Estate

The neighborhoods of the city of Palermo and Recoleta where over half of the homes for rent, modality grew strongly in recent years in the city of Buenos Aires, and that can leave a yield up to 50 percent higher than a holiday tradition.

According to a survey of over 1272 Real Estate Report offering cases of temporary rent in seven districts of Buenos Aires, for weekly or monthly period, units 1, 2 and 3 environments, 36.64 percent of the supply is in Palermo, followed Recoleta with 17.14 percent.

Encouraged by the possibility of obtaining an income higher than the traditional rental in response to an increase in the number of visitors for tourism or temporary establishment, the location of units furnished soared.

It is now a widespread modality with a wide range in terms of quality and price, but may even find themselves in neighborhoods that are off the tourist track, generally predominates and focuses on those with this attractive and good transport links and commercial equipment.

The highest values for both weekly and monthly rentals are in Puerto Madero.

There the average value for a two-room apartment is at $ 1,817 per month, although there is an offer that far exceeds that number and reaches $ 4,800 for units of the same composition. Where can be the lowest temporary location is in the downtown area. There, for a one bedroom apartment on request 300 to $ 1,385 monthly.

Weekly values generally fall between 30 and 40% above the value requested by month.

For a week in a one bedroom apartment in San Telmo, on average, have to pay $ 327, while the monthly rent stands at $ 882.

Alojargentina presents some alternatives for temporary rent in Palermo area as well say that the note is one of the most sought after by tourists.

AREVALO AND ZAPIOLA - PA183

AREVALO AND COSTA RICA - PA125

Dear traveler, we give you some piece of advice to rent an apartment in Buenos Aires by Internet, some important conditions.

Crucial requirements to choose an apartment in Buenos Aires:

* The company you choose must be affiliated with any government agency to support
its trajectory. If it is a travel agency must have a license (EVT = business travel and tourism), or if it “only” has apartments for rent it must be enrolled in the chamber of property.

* The company must have a physical place. It must be based on an address and telephone number, both displayed on the website.

* If the company had reservations on-line, the page should be safe, and must disclose the reservation conditions. If the reservation is not online, you must send by fax the form with your credit card details to make the reservation.

* The price must have included has the cost of electricity, gas, water and telephone for local calls.

* If there are problems in the property at the moment of your arrival, the agency must move into an apartment similar or return the money.

* The company must make an inventory with the prices things from the apartment, and it must be signed by the agency and by the guest. This ensures the passenger that at the moment of check out, the agency can only deduct the amount set out in the inventory, and return the rest of the security deposit, (if there was any rupture).

* Any company is required to charge to host any breakage has been done by the misuse of property, since this may verify that you want to incorporate an apartment in the network, care for your property the same way.

* Any company is required to charge to the host any breakage done by the misuse of the property. This way you will see, that if you want to incorporate an apartment in the network, the agency will ensure the same care to your property.

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.

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.

While in Spain they are sorry for a report from the IMF that assures that the country will suffer an important deceleration in the growth, and the Spanish look with suspicion and blame an adjustment of the real-estate market that already is originating the closing of 50 % of the real estate agencies, many investors already are thinking about destinations with better forecasts, such it is the case of Argentina, Russia, Romania and Uruguay.

Moreover, it was recently known that Argentinean Allowance Funds will invest in real estate; from offices, to commercial sector and apartments in Buenos Aires, besides an investment in energy, which overcomes 300 million dollars.

The expectation that is generating the advertisement concerning the relocation of the civic center in the south part of the city, and the plan of investments projects are significant movement of funds from the sector towards the construction. It was also known the amount will be destined to the extension of undergrounds, for the period 2008 / 11; ranges in 2.000 million Euros and undoubtedly it will be another trigger factor for new changes in the urban planning of next years.

Investment and more investment are positive information that the market marks for the medium term in Buenos Aires. Surely we will see new developments, new towers and apartments in Buenos Aires for the next years.
Inside the neighborhoods most looked for investments are Puerto Madero, Palermo and Recoleta.