Buy to Rent Property in Buenos Aires Argentina

Buenos Aires Real Estate, the Time is Nye!

Real estate in Buenos Aires is approximately one eighth of the cost of property in London or New York. We know all about 'apples and apples' but the huge difference does make you feel that Buenos Aires is somewhat undervalued when you consider the main points in this article written by Buenos Aires Stay.

From parity with the United States dollar in 2001, the peso devalued by an average three to one creating a wonderful climate for investment - Argentina became cheap.

With its Old World charm, Buenos Aires is one of those places that people just love. Believe us when we say you will love the city. Visitors come in increasing numbers every year and many return live or invest in property.

We must point out a dichotomy that might astound you. Although for some time investors found Argentina less appealing, property, land and latterly tourism are cornerstones of Argentine investment and for a few canny international investors (us). This article means you are now one of the lucky few in the know. The city, known as the Queen of the Plata (River) and the Paris of the South, must be one of the best cities in the world in which to invest in real estate.

In August of 2006, the Buenos Aires bureau of records recorded 5,583 deeds involved in real estate purchases worth a total of about 330.7 million US dollars. Argentina is one of the world's fastest growing economies and Buenos Aires is one of the world's fastest growing cities.

Estimates put Argentina's economic growth at over 8). Residential property investment is largely cash, mortgages as we know them do not exist, and funding is never more than 50 between 2003 and 2007

"Various government and independent agencies outside of Argentina predict 47 between 1990 and 2006

Space in the traditional tourist barrios is running scarce, demand pushes rents upwards, and both cost and supply pushes tourists into less traditional barrios. As a result, other barrios have and are gentrifying to meet that demand. Palermo Soho and Las Ca?itas are two great success stories. We have some great ideas on where you might find the next Palermo. Given the pressure on the peso, we might safely assume further devaluation making Buenos Aires still cheaper to counteract the recent downward trend in international travel.

Reasons to Buy

Rental yields are good in the city and you can expect to buy an apartment here and get a 7 to 8 interest from 'safe' cash investments whilst the world is recessed.

The property sectors in northern hemisphere feel very close to saturation and your aspirations to buy cheap property, refurbish and rent property is hampered by both cost and of course competition. Even in a buyers' market, our colleagues in Europe who are cash rich and property investment specialists only find one or three projects each year. Buenos Aires is still the 'new world' for property investment and remains one of the most desirable and affordable cities to purchase real estate, even in the most exclusive neighbourhoods.

There is heaps of statistical data on the internet about Argentine property investment, and in particular, the Buenos Aires real estate sector, so complete your own research. Check out the facts, reach your own conclusions based on your own knowledge, and if you decide to buy real estate in Buenos Aires get yourself a professional outfit that can make the experience both trouble free and profitable.

Contact us now for a free one-hour consultation with our Buenos Aires real estate expert

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