Buenos Aires Real Estate

Macri will do another Puerto Madero in the former Ciudad Deportiva Boca.We are talking about “Solares de Santa Maria”, a VIP area of seventy acres, “one third of the area of Recoleta or La
Boca” with parks, shopping centers, water sports areas, several residential areas, underground garages, towers with offices and even its own police station, according to plans by the architects of IRSA. In the company, people have hopes
that the agreement advances successfully in the Legislature, after being treated in the Urban Planning Committee, where it is since last month.

Among the reasons, it is said that within the City there are no more buildable lands with the size that they offer and that they are the only ones capable of financing and developing a real mini city some blocks away from the Obelisk.

Under the agreement signed by Macri and sent to the Legislature a few weeks ago, the company is obliged to give in 40% of all Solares for public use. Squares, parks and recreational places must be created.

They do not pretend this to be like Nordelta, we want a neighborhood for all, affirms Hector Lostri, sub-Secretary of Urban Planning of the Government of Buenos Aires in charge of writing the agreement between IRSA and the Government of Buenos Aires.

In front of this land, where there will be a complex that will be similar to Miami, stands the Villa Rodrigo Bueno. Some government sources believe that the real consideration that IRSA must offer is to relocate the settlement and provide housing for those families. However, the company believes that these solutions must be left for the public sector. Next week, several advisors and opposition lawmakers will begin a series of meetings to try to stop with the project, or at least, avoid infringing rights they believe and claim to defend. Alvaro Gonzalez, member of the committee where the agreement will be treated and studied, tries to summarize the spirit of the law: Whether it takes a decade to develop, this neighborhood is going to end up joining La Boca and Puerto Madero .

Real Estate offers investors the opportunity to obtain, although lower than in other years,  attractive rents. The trusts at cost, the purchase of apartments for rent and garages are now options chosen to save the money.In the first five months of the year, 22% more than in the same period of 2009 was registered, investors seek for shelter for their money and maintain the value of their savings.

Rents are losing value against inflation, the pace of rents rate is equal to the rate of U.S. bonds, that is why it can be seen that it is more a form of shelter, at this point the choice of small, well placed units are a good investment in a long term, since such units have a large number of buyers, however for large units the sale is slower. Apartments in Recoleta, Barrio Norte and Palermo  are the best areas to invest.

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.