Thread: Words of wisdom from real estate guru "Saint"
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04-12-08 02:34 #20
Posts: 45Argento!
You kill me. "Cock in your Paw". Heheh Could be a great name for a British style Mongering Pub:)
Of course the picture would have to be cleaned up for the kiddies. A "Hen in Hand" is another good one:)
Tony
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04-12-08 01:46 #19
Posts: 366"Know it all" Redondo.
Originally Posted by Redondo
Argento.Last edited by Argento; 04-12-08 at 01:50. Reason: Typos
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04-12-08 01:07 #18
Posts: 45Palermo Hollywood
Is a great place to look for properties that can be rented when you are not here. There are still many pretty good deals if you are prepared to look at properties while here and do some leg work yourself. I have a place in Congresso on the park at Rivadavia. The building I bought into is in good shape. This is very importante if you are buying in BsAs. Make sure the building is is overall good shape (if you are buying onto neo-classical French architecture like I did) Find out what the fees are. In my building for exampelle we pay no municipal taxes because of the age of the building and the fact it is a landmark building. The "La Inmobliari" building at the bottom of Congresso park is an example where there is a large apartment available for a very reasonable 150k$ for about 2500 sq ft (~250 sq m - I know it is not exact) with a very large outdoor terrace, but the building is in poor shape (La Moncloa restaurante is in the bottom) I like the views in Congresso but the traffic is loud and I am at the top of my building (my bedroom is like 13 floors UP) Anyway, a find like the one I bought in New York or Europe in any of the major cities I would care to live in would have been HUGE - certainly over one million euros or one million US$ and I ought for a fraction of that. I think Palermo Hollywood is very good right now. Francis Ford Coppola certainly thinks so and so do I. Palermo SoHo not so much and San Telmo - stay away - its too far down yet. Recoletta is overpriced but there are some good deals and Belgrano and Palermo in general are good places to scout.
Check out the real estate listings in Craigslis.org under world cities - Beunos Aires and Suerte
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04-11-08 23:54 #17
Posts: 439www.beccarplaza.com
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04-11-08 22:09 #16
Posts: 439Originally Posted by Argento
The going rate for 1 m2 in Belgrano or Palermo is not 800 dollar, but a lot closer to twice that amount
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04-11-08 21:01 #15
Posts: 366Compulsory homework.
Originally Posted by CarneValistico
Buy a PH which is a usually a single entrance to 3 or 4 dwellings, usually all ground floor. Suburbs to look in are Palermo and Belgrano. Get a quiet street with no buses. You will get good security, most are owner occupied and so have a vested interest in the security and ambiance and the price for one in fair condition, say about 100m2, will be about U$80k. And down-town is a 20 minute ride with a variety of transport. But Beccar, God forbid. By the tenor of Redondo's posts, he could probably sell you one at a good price. At least for some peculiar reason, he offered his own opinion. Maybe you could share with him!
Suerte.
Argento
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04-11-08 17:03 #14
Posts: 60ok, we will do that together.
Redondo, I will tell you early enough when I come down to BA. If it is possible for you - you may assist me in that. I will try to get Roxannas driving skills, so that we are able to look arround. If that sounds good for you, you may PM me.
Thank you, C.
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04-11-08 16:26 #13
Posts: 439Sunday's edition of La Nacion (Argentininian newspaper) has a chapter of about 20 pages with all the information of countries (gated communities) in greater BA you could possibly want
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04-11-08 16:03 #12
Posts: 60Redondo, realy a good advice!
Dear friend,
This is a classical case of beining " blind " on one eye - yes, a little house or a sunny apartment in such a " gated comunity " could be a smart option, cool man!
I am a builder and know how to build a wall, but a keyready solution, ie, such as you suggested, is a very nice compromise, arrive, grab the key open the entrance and thats it, meanwhile its guarded and the price you anounced is reasonable.
Would you please tell me where could I find such an estate, and maybe you have some websites for me?
If I am going to signe a contract you will not be forgoten, I promisse you that!
Thanks again man! Yours, C.
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04-11-08 14:28 #11
Posts: 439Originally Posted by CarneValistico
I would think that buying a piece of land is not really smart as you are a foreigner with very little experience about local laws, customs, etc, etc. The only area where you probally want to live is zona norte and there is very little room and lands are expensive.
Maybe a barrio-privado is an idea? It's a gated communitiy with security and often a golf course, swimming-pool, tennis-courts, etc. They are mainly in the suburbs near a highway and prices probally start at 70 to 80.000 dollar for a small home with a small garden
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04-11-08 11:34 #10
Posts: 60Buying or not, thats the question!
Dear fellows,
First of all thank you to all the guys who wrote the pros and conts regarding real estate in BA.
Since a few months I am considering buying a nice apartment in BA, Last year allready I wanted to do so, but instead of arriving in BA, I opened a new company in Moldova. Ok, so far so good.
In the meantime the $ against Euro changed downwards, and I ask myself if it is now the right time to act. Its realy funny to read the stuff from July last year and what turned into reality now. There had been the metapher of " blood in the street " I. E. Waiting for falling prices, and as far as I could read now, its quite.
Gettingthis direction. I have no intentions in renting this apartment, and I don't care about inflation, I am 46 years and just want to have a " stronghold " here, while I am working in EE.
So guys, 80-120m2, 3-4 rooms, (may I dream of a little penthouse or maisonett / splittlevel apartment?) what is the actual price or shall I buy a piece of land in the nearer outscirts, and build a little bungalow there?
Muchas gracias amigos! I wish you all a wonderful weekend, yours C.
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04-11-08 11:27 #9
Posts: 46Originally Posted by Argento
And we are talking relatively new construction in both RRE and CRE.
Actually, some of these areas already are.
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04-11-08 08:50 #8
Posts: 439I for one think that it could be a good investment to buy an appartment in zona norte. There is a new project that sells around 1300 US dollar a square meter in Beccar and there are hardly appartments in the whole of zona norte and I am sure it can always be sold or rented out (1200/1500 peso excluding expenses) and you have a new appartment.
With prices of around 1200 to 1500 dollar there is still room for improvement and I don't think there is a lot of room if you go upwards the 2500 dollar like in some parts of Capital
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04-11-08 08:42 #7
Posts: 439210.000 dollar at 1st of April was 133.000 Euro, another huge decline
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04-11-08 08:40 #6
Posts: 439Originally Posted by MCSE
1-1-2008: 100 m2 x 2100 dollar = 210.000 dollar - 142.000 euro.
60% over 4 years, seems like an ok deal.
Cost: 300 dollar x 12 months x 4 years = 14.400 dollar.
That would be a nett yield of over 10 percent per year, even with a declining dollar and no income on rents.
I do however think that it's really hard to sell in Argentina, that real prices are lower and that risks are a lot higher.
In Holland it's fairly easy to get 6 to 8% of nett yield on real - estate investment and about 3 to 4% if you have an account at AAA rated bank. I would think that kind of investments are a lot easier and I wouldn't lose sleep over it.
The picture changes if you pay under the table, which is pretty common in Argentina and a lot harder in the first world