Buenos Aires Real Estate

Buenos Aires is a city that has more to offer than holiday’s activities. After the devaluation that dropped the value of the peso 3 compared to the dollar, that means 3 pesos = USD 1, the city became an ideal scenery for foreign investors.In the once expensive-city of the world, the inhabitants of Buenos Aires did not lose the taste for good life in spite of low salaries. That is how it was kept a demanding market of products current that saw the gaps filled with new incursions from foreign visitors, who came to our country as tourists and took advantage the exchange benefits to set their businesses.The savings in USD and Euros of our new entrepreneurs are multiplied when they come here, to a market more economical and viable than the big cities of the North, but with the same consumption habits, letting them fulfill their longed dreams of all of their lives.

Properties for sale in Buenos Aires represent highly competitive offers and allow people to reach their goals of a property of their own.

The capital of Argentina is a developed city compared to others of the region, the style of life is very similar and the new neighbors do not suffer changes in adaptation.

This is due to the fact that the city is nurtured of a history forged by immigrants from all over the world, and nowadays is a mixture of shades as any other European city. We add to this encouragements security statistics, the varied cultural offer influenced for being one of the university centers of America, and a population that has the highest rate of English-speaking people of Sudamerica.

This is how Buenos Aires is presented with better airs than ever for those who arrive to the country with dreams full of future and expectancy.

If we have to make a quick balance of the last few years about the inversion in real estate business, we will be able to say that the growth is the main characteristic.

Rates and reality show that Argentinean economic growth has no interruption during these years and it is also being significant, even more than neighboring countries such The Economist point out in a recent article; it indicates a 9% increase in contrast with Brazilian economy. Tourism peak is another beneficial factor that influences in this development, showing a progressive increase as a tendency, it adds year by year more foreign visitants. Also, building industry shows a stage of plateau (for local reason) that motivates the increase of the square meter of construction for certain areas, seeming to be the trend within short term in Buenos Aires. Specialists think that the increase in the price of the square meter is an opportunity of investment to take into account, the same happens with the renting apartment segment. The supply revalues each property, an equation that is profitable to whom invested and also to invest nowadays considering the prediction of this tendency.

“Las Cañitas” and “La Imprenta” for example are ideal areas to invest in Palermo; it has an important supply of new buildings (a total of 42 constructions) most of them are residential buildings; this is a thing that must be pointed out. In 2005 the price of the square meter was approximately of USD 1450; in 2006 it was of USD 1600; in 2007 it was of USD 1980, finally in 2008 it reaches USD 2350. This shows an increase of the 18% in the last year. “Las Cañitas de Palermo” is a good opportunity of investment being also profitable in other neighborhoods of Buenos Aires.

Those who are interested in renting apartments, will be favored because the return rates are the highest in the world, the lodging demand of foreign people is evident, the tourism boom, the benefit in the currency and the life standard of the city, make foreign people (specially Europeans and Americans) to invest in Buenos Aires’s properties; not only to live in but also as a business.

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