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Investing in 2012: Barrio Bargain Hunting for Buenos Aires Real Estate

On January 2, 2012, In foreign investment, real estate, by InvestBA

A new year means new opportunities, and we welcome 2012 with a fresh look at 10 Buenos Aires neighborhoods where you may get more bang for your buck, pound or real. The slideshow above is a compilation of InvestBA recommendations, several of which appeared in the new Luxury Latin America article, along with recommendations made in a BA barrio-value-centric analysis today in Cronista. (Full Story in Spanish)

For more information about Buenos Aires real estate opportunities, download the new issue of InvestBA Privada.

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Here Comes Spring with the New Issue of InvestBA Privada

On September 23, 2011, In argentina polo, arts & entertainment, ba government, buenos aires events, creative class, culture, energy & agriculture, foreign investment, franchises, lifestyle, real estate, technology, tourism, uruguay, us companies, vanityba, wine & vineyards, by InvestBA
InvestBA Privada Primavera Issue

Private vineyards, tech incubators, road races and polo legends all featured in the new issue of Privada.

Today marks the first day of spring in the Southern Cone, so we’re celebrating with the new issue of InvestBA Privada.

The Primavera 2011 issue is a whirlwind journey from artist galleries and road races in Buenos Aires to private vineyards in Mendoza to real estate in Punta del Este and sunsets in Jose Ignacio.

Spring means creativity is blooming, so we’ll tour the new Buenos Aires Tech District, travel to San Rafael for the Grand Opening of a Hollywood Burger franchise, check out the new wave of condo-hotels in Argentina and find out what A-list celebrities are buying vineyards in the Uco Valley.

Spring also means polo in Buenos Aires, and we preview the three jewels of the Triple Crown, look under the hood of the new Audi La Dolfina Q7 and count down the Top 10 polo players in the world including Argentines Pablo Mac Donough, Facundo Pieres and Adolfo Cambiaso. After a few chukkers, we’ll check-in for sunset at the Estancia Vik and find out how a luxury hotel and modern art merge to create a 4,000 acre shrine to the best of Uruguay.

To request your copy of InvestBA Privada, simply fill out the form below.

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2010 Real Estate Appreciation in Buenos Aires Neighborhoods

On January 5, 2011, In ba government, real estate, by InvestBA
Buenos Aires Real Estate Price Change by Neighborhood

With two exceptions, BA barrios posting the biggest gains were in the extreme north and south.

A new analysis of real estate price variations for 2009-2010 shows the greatest year-over-year increases in Palermo and Liniers (20 to 25%) followed by 15 to 20% gains in Belgrano, Nunez, Paternal and four southern Capital Federal neighborhoods benefiting from increased business and infrastructure investment from the City of Buenos Aires: Barracas, Constitucion, Nueva Pompeya and Parque Patricios.

Barracas is home to the new Metropolitan Design Center and Parque Patricios is the site of the BA Tech District where an estimated 130 IT companies will be operating by year’s end. The only three BA barrios posting YOY decreases were Colegiales, Recoleta and Retiro.

The data are based on a study of existing apartments in Capital Federal, and according to Clari­n the average increase in price per square foot citywide was 7.74%, although the variations by barrio ranged from annual decreases of 5% to annual increases of almost 25%.

The majority of neighborhoods (30 of 47) like Boedo, Chacarita, La Boca, and San Telmo fell in the 10 to 15% increase category. Clarín also notes the average gap between highest and lowest price per square foot in individual barrios widened to 53% with Almagro, Caballito, Palermo and Retiro showing the greatest variation between minimum and maximum price per square foot.

Brokers surveyed anticipate demand for new units in 2011 will be strongest from investors and existing homeowners looking to trade up, as mortgages remain out-of-reach for first-time homebuyers in Buenos Aires and Argentina in general. (Full Story in Spanish)

For more information about Buenos Aires real estate opportunities, download the new issue of InvestBA Privada.

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The Buenos Aires Technology District Is Transforming The South

On December 29, 2010, In ba government, competitiveness, creative class, entrepreneurs, foreign investment, technology, by InvestBA
Buenos Aires Tech District

The BA Tech District ends the year with 40% more companies than previously forecast. (Click to enlarge)

The City of Buenos Aires’ continued efforts to revitalize a 495-acre southern region of the metropolis continues to attract entrepreneurs, investors and global tech companies.

Exactly one year ago, the Subsecretary of Investment for the City, Carlos Pirovano, said the number of companies working in the Tech District would more than double in 2010 from 22 to 50. He was wrong. With the addition of Fulltrace and GC Gestion Compartida, the The BA Distrito Tecnologico now has 70 companies on board, a figure that is likely to grow to 130 by the end of 2011.

The past fifteen months have seen a number of important commitments to the Tech District including Tata Consultancy Services (their first SAP Center of Excellence in Latin America with 250 IT consulting professionals and ultimately 1,400), Grupo Clari­n (a 53,000 square foot facility to support the Group’s various websites including Ciudad.com, VXV, TN.com, 100Radios and ElTrece.com), Iron Mountain, TCS, Compusystem, Coradir, TAO-IT and Sensebyte among others.

Ricardo Garci­a, President of Iron Mountain Argentina, summed up the importance of the Tech District initiative and why his company wanted to be part of the movement: “The model of completely renovating an area of the city is significant, because it creates a direct connection between the companies relocating and the surrounding neighborhood, and this collaboration is promoting the inclusion, integration and economic development of the Southern Zone of the City of Buenos Aires through a public/private partnership model.”

The southern expansion of the H-line of the Subte is another important factor facilitating transit, promoting new industry and raising property values in BA neighborhoods like Parque Patricios and Nueva Pompeya. The Subte expansion under Mayor Macri will eventually connect Nueva Pompeya in the south with Retiro in the heart of downtown Buenos Aires. Finally, Reporte Inmobiliario reports that Parque Patricios posted some of the strongest 2010/2011 percentage gains (16.7%) in values of existing apartments.

For more information about investment opportunities in Buenos Aires and Argentina, download the new issue of InvestBA Privada.

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2011 Predictions for the Real Estate Market in Buenos Aires & Argentina

On November 11, 2010, In buenos aires events, foreign investment, real estate, by InvestBA
Salón del Mercado Inmobiliario 2010

Brokers, developers and investors are all making predictions for 2011 at this year's SMI Expo.

With SMI, the country’s most important real estate Expo underway this week at La Rural, developers and investors are trying to make sense of the post-Nestor climate and predict the state of the market in 2011. iProfesional surveyed SMI attendees and discovered a general sense of optimism considering a weakening dollar, rising consumption and high inflation cocktail tilting the scales in favor of bricks and mortar.

Another key variable is the current commodity export boom which has led many Argentine farmers to plow their new-found soydollars (locally sojadolares) into residential and commercial real estate in major cities like BA, Rosario and Cordoba, a trend we touched on back in August (Interior Motives) and confirmed during our October Expo in Rosario.

Focusing locally on Buenos Aires, iProfesional offers a breakdown of average price per square foot for new and used properties. The Top Five BA barrios for used 2 and 3 room apartments based on price per SF are Recoleta ($208), Barrio Norte ($182), Belgrano R ($180), Palermo ($175) and Nunez ($157), while the most affordable surveyed were San Telmo ($134), Villa Crespo ($131), and Parque Patricios ($105).

General consensus at SMI is there are too many small units on the market which is why developers are beginning to announce projects with larger 3 and 4-room floor plans. Considering the scarcity of available land in areas like Palermo, new developments in 2011 are more likely to emerge in barrios like Colegiales, Villa Crespo, Almagro, Chacarita, as well as Barracas and Parque Patricios which are benefiting from the new Centro Metropolitano de Diseno and BA Tech District, respectively. (Full Story in Spanish)

For more information about Buenos Aires real estate trends, visit our archives and download the latest issue of InvestBA Privada.

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