Buenos Aires Real Estate

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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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.

This is not about a science fiction movie; it is how one of the most aristocratic spot in Buenos Aires is named. “La isla” is a gorgeous and privileged area in the city, which shows all over the streets elegant and residential buildings with surrounding gardens. Located into La Recoleta neighborhood is specially known because of the hill where this whole area It®s on. The stillness of the streets is because the of lower traffic and the beautiful constructions with European air grants a unique style that justifies “The little Paris” as a nickname.

Nowadays, the area boasts luxurious buildings, embassies, and many historic and emblematic facades from the golden beginning of XX century in Argentina. By stairway is the main access going through the Plaza Mitre on Ave. del Libertador, next to the British Embassy. As this is a very delimited zone, ainÂŽt no more grounds to build and the properties are valued as the most highest in the city (similar with Puerto Madero area). The price depends so much on the street, the building and flat characteristics as if the property is French style or modern. Talking about size, some properties are larger than 6500 ft2. This is the reason because the decision about sale or buying takes longer than other areas. The neighbors are very loyal and the offers very limited. The area is not just exclusive for their high price, furthermore because it keeps a constant style unalterable from ever. Is not very usual that locals plan to move from this place except when necessary moving to other countries or to a ranch in Argentina. Some owners living abroad had chosen to offer their properties for temporary furnished rental.

This is a very good chance for foreign people to spend some time during the stay enjoying the atmosphere and charming place. There are many attractive places in the area as the Evita Peron monument, the National Library (with a amazing view over the port and Rio de la Plata), and just 4 block away the Recoleta Cementery and a few more to the MALBA (Latin American Modern Art Museum).