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.

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 .

This proposal is the best when it comes to deciding the buying of an apartment. The advantage of this building is that you can choose the amount of rooms you need: you are buying an apartment fixed to your needs. It also counts with the possibility of financing and combined operations related to your property.

A building located in the best area of Belgrano, with a trendy design and first quality construction and comfort.

Entire control of ordinary services and automated intelligent system for your security, intruders’ control, control of all the electric devices, etc.

Last generation lift, furnish elevator and stretchers.

Installation prepared for cable internet in all the apartments and wi-fi in shared spaces, system prepared for future advances Voip 3 play.
Plants:
- 80 to 110 mts

- 110 to 130 mts

- 130 to 160 mts

- 160 to 260mts

Amenities:
- Outdoors swimming pool 28 mts

- Covert swimming pool with swim against the stream.

- Gym

- Dressing room

- Sauna

- Laundry

- Playroom

- Grill for barbecues

- Solarium

- Dressing room for maids

- Business Center

- Winery

- Squash course

- Microcinema

Wall design, 80 meters designed by the architect Clorindo Testa.

In the center of the city with all amenities for this time. Safety, design, quality, price, financing, and number of rooms according to your specifications, for all this, it is the best option to buy.

PROPERTY TRANSACTIONS
The implementation of real estate value of reference (VIR according to its abbreviation in Spanish).
It is a modification of the Fiscal Code of the City of Buenos Aires under Resolution 67/2010, CABA which sets a real estate value of reference for every act, contract or transactions that are taxable with the tax of stamps and to be performed by a notary . This update was implemented according to what was published in ten neighborhoods, and will soon cover the rest. The Government Administration of Public Revenue (AGIP according to its abbreviation in Spanish) will annually update the values.

This is a new obstacle that when purchasing a property it is added to higher costs when evaluating the investment and act in reverse to the intended effect that is clearly collecting money.

Let’s take an example; if a unit is sold at a price of $ 480,000, at the time of giving the deed of sale, we enter in the page of AGIP for them to report the VIR. To do this you enter the appropriation number of the property in question, which may arise not available (in the case that in that neighborhood is not in force VIR yet) or reports that the VIR is $ 400,000, in which the stamp tax (2.5%) is paid over $ 480,000, which is the price of the transaction and it is the higher value. It adds that the AGIP can inform that the VIR of such property is $ 520,000, i.e higher than the operation, in which case the stamp tax is  paid on the latter value, because it is the highest to consider.This consult is valid for 10 working days, period in which the deed can be  given, and if the same one is put back for any reason, you must reapply for VIR. There are also certain amounts of the buying-selling deed which are also calculated on this higher value. In the deed it shall be recorded the amount of the VIR or not available (because the neighborhood has no current resolution).

Buying apartments in Buenos Aires is an excellent opportunity even for the smallest investors. The newest tendency is to buy and equip apartments for frequent flyers and put them for temporary rent. This gives a much better income than if you offer it on traditional rent. Doing this the apartment’s owner has the security that its apartment is in good hands.

There are no restrictions for foreigners to buy a property in Argentina, no matter the propose of the transaction. The selling process is very simple and it last one or two months.

Argentina has become a very important tourist destination. Its capital, Buenos Aires, is one of the biggest cities in America, full of a community colonized by flyers from all over the world.

The old fashioned buildings that you will see on the avenues, will remind you to your old families in Europe. And only minutes far from these classic views, you will find this luxurious sky crafts build by famous characters such as Starck, Hok Sustainable, Pelli and some others. The city will invite you to sightseeing to all the splendor of a first world city.

The impressive malls full of leather and high quality products, the parks and gardens of Recoleta which you will find along dozens of blocks of the “Little Paris”, the colorful La Boca and the cultural fresh air of San Telmo, are the most popular places for tourists to visit. But what you may find even more interesting is how you can access to a luxurious lifestyle, with an European style but with a very cheap rate hard to imagine thanks to the relation Peso/Euro which benefits tourists so much.

This is why Argentina is a place that most people take into account to make inversions. The last real state statistics show that there is being an increase in the purchase of properties for foreign people, in the modern areas as well as the traditional ones.

Neighbourhoods such as Puerto Madero, the most antique decks that now is well know for its architectonical south avant-garde, full of buildings made by the most famous designers of the world; the French style streets of Recoleta; or the modern popular areas of Palermo, that because the different options has been sub divided into 4 different areas, SOHO, Hollywood, Viejo and Las Cañitas. Those neighbourhoods are the favorites for those who want to buy a property in our country to have a profitable business.

In fact, the last news can identify frequent flyers that bought their properties for temporary rent for their stay, put them for temporary rent to other tourist and getting rents in dollars or euros much higher than traditional rents.

An economical stability market after the change offers new guarantees to all the financial operations in the country. The real State agencies are the only ones that really show an increase even after the last century crisis. This is because there is a legal framework that guarantees the property sale in Argentina, no matter where the buyer comes from or why he wants to buy it. Because of the benefit in the economical situation and the easy process, the locations in Buenos Aires have an average of 1600 dollars per square metre in San Telmo, agaist the 7000 dollars in Paris, or the 5400 dollars in Barcelona.

But also other determinant factor is the security that has the high lifestyles. Buenos Aires, being miles away from the war conflicts and international terrorism, is a safe and quiet place to live in. Because of this reality, the Real State agencies in the last decades are dedicated to make business with client in other countries. Alojargentina.com is today one of the most visited sites in the web leading the market and offering real state business for tourists that want to rent for short periods of time or also want to buy apartments in Buenos Aires. Big companies like this, are specialized on this type of customers and had developed new polices that are different from the one in the global market today.

We are aware of the customer’s new needs, that’s why buyers and customers get assistance from us during all the rental or selling process either online, by phone or in person in our offices.