Privada Calendar 2011

Concerts, fútbol, regattas, polo & tennis tournaments, even U2: The new Privada has your summer covered.

It’s now December 21 and only a precious few days remain. Until Christmas? Bah. New Year’s. Overrated. The release of the new issue of InvestBA Privada. ¡Por supuesto!

And the Summer 2011 issue is brimming with content and eye candy: A three-month calendar of arts and cultural events, Argentine wine reviews, book reviews, an overview of unique coastal destinations in Uruguay, Q&A’s with Buenos Aires legal and financial professionals, a one-on-one interview with Argentina’s first “art producer,”and a guided tour of Argentina’s most prestigious equestrian polo school.

Privada, our quarterly e-zine, explores the various quality of life and investment opportunity themes of InvestBA in much greater detail for those who want to dig a little deeper. If you would like to receive the Summer 2011 issue of Privada, just tell us a.) who you are and b.) where to send it. We don’t ask for any additional information, we don’t share your e-mail address with third parties, and we only e-mail you four times a year with a link to the new issue of Privada.

It’s coming December 31, just in time for summer, so you can read it poolside, beachside or parkside in BA. And if you’re stuck in the Northern Hemisphere, you can warm yourself with wanderlust for Buenos Aires, Argentina and Uruguay in summer. Enjoy!

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911 Carrera at the Argentina Real Estate Expo

Small investors at the Real Estate Expo were looking for safer investment alternatives than a $200k 911 Carrera.

Ten days have passed since Expo Real Estate Argentina 2010 (Did you see our video?), which gave Clari­n sufficient time to absorb all the information presented and formulate some conclusions of their own. Most notable was the fact small investors were really the stars of the event, significantly outnumbering large brokers, developers or architecture firms.

“We’re not talking about people with huge international support or institutional funds backing them,” said one attendee, “We’re talking about individual investors looking for a safe alternative for investing their capital.”

Just one small problem, Clari­n opines. The small real estate investor walking the floor of the Exhibition Hall is as likely to influence the direction of the local market (in terms of product and pricing), as a small shareholder attending the Annual Meeting of a large publicly-traded company (with the possible exception of Berkshire Hathaway).

Small real estate investors have concerns, needs and great ideas; yet, the push-push-push marketing by the local broker-developer community leaves them out in the cold. Don’t believe us? Try finding a local broker or developer with a blog, twitter account, or any type of social media plugin soliciting user feedback.

Instead, our inboxes are cascading with Argentine broker e-mails with subject lines like INCREIBLE PROPIEDAD! or PARA INVERSORES! and the requisite 5MB attachments which we never open. As one very astute broker told Clari­n, “The new way of operating should be less about having a big Rolodex and more about reading the market and having the capacity to segment your clients.”

Which is exactly what we do @InvestBA. We blog in several languages, we inform and educate, we promote lifestyle, we solicit feedback daily, and we know exactly which of our international clients would be interested in what types of real estate opportunities in Buenos Aires, Argentina and Uruguay. In short, Clari­n characterized the presence and demands of the small investor as “nuevos desafi­os,” but we view them as “nuevas oportunidades.”

Punta del Este Beachside Home
An American recently bought this beachside home in idyllic Punta del Este, Uruguay for US$160,000.

It’s another triple-digit loss day on the Dow so, depending on your degree of diversification, your retirement savings may be taking a similar hit. Appropriate then that we turn to an article on net worth and how to stretch your hard-earned savings post-retirementThe New York Times says Latin American destinations like Buenos Aires, Punta del Este and even Medelli­n are starting to factor into the equation for Americans seeking an affordable retirement destination with a high standard of living and affordable health care.

“Now that air travel and communications have grown easier, adventurous seniors are retiring to more far-flung destinations, lured by lower costs, better climates and growing colonies of like-minded retirees,” writes Shelley Emling. Argentina and Uruguay are both mentioned in the article which features one American who bought a Montevideo condo for $58,000 and a beachside Punta del Este home for $160,000. Two homes in Uruguay for the price of a two-room co-op in New York? No wonder the Times is looking to the Southern Hemisphere with a sense of longing.

It’s good to see more mainstream news sources picking up on what InvestBA and other specialty publications like International Living and Shelter Offshore have known for some time. As one of the North Americans interviewed sums it up, “I don’t know of anyone who has decided to move back full-time after having had a taste of living abroad.”

For more information on retirement opportunities in Argentina and Uruguay, contact us and download the new issue of InvestBA Privada.

You can't spell Bariloche without "BA" and you have to fly through BA to get there.

You can't spell Bariloche without "BA" and you still have to fly through BA to get there.

As the name of the site implies, we try to keep the focus on the City and Province of Buenos Aires which includes Argentina’s portion of The Tango Coast. Still, there are times when foreign media outlets put the spotlight on other corners of this amazing country, and InvestBA readers should explore the opportunities that exist beyond BA.

The New York Times gives readers such an opportunity today with the Great Homes & Destinations section showcasing San Carlos de Bariloche, a beautiful resort town at the base of the Andes in Argentina’s beautiful Lakes Region. The House Hunting home in question is a 4 bed/3 bath lakefront house on half an acre for $1.3 million, and the slide show is available here.

The article offers a wide range of useful information for anyone contemplating real estate investment in Argentina. The majority of buyers today are from Argentina; however, buyers from Europe and the United States are also common.”

“There are no major restrictions for foreigners buying property in Argentina,” the Times notes, and home prices in this corner of Patagonia range from $100-$190/square foot compared to approximately $160-$280 in Palermo or $230-$460 in Recoleta.

And while home buyers in Argentina typically pay a 3-4% commission, that is more than offset over time by low property taxes relative to the U.S., Canada and Europe. The tax bill on the 4,300 square foot home featured here is around $600/year. For those planning their initial exploratory visit, the Times recommends the Llao Llao as an ideal Bariloche basecamp.

For more information about Bariloche real estate, download the new issue of InvestBA Privada.

Many Buenos Aires attorneys today stay connected with abogados.com.ar and other social media sites.

Many Buenos Aires attorneys stay connected today with legal websites like abogados.com.ar.

Nick Lawn, a young British attorney, spends the year working in Argentina and sends a “Postcard from Buenos Aires” to the readers of London-based TheLawyer.com. Like most expats, Lawn admits to bringing a few stereotypes across the pond in his equipaje, but working side-by-side with Argentine attorneys quickly dispelled any preconceived notions he may have held regarding their work ethic, dedication and professionalism.

I have been singularly impressed by all the lawyers I have met here in Argentina,” Lawn begins, “Along with the high degree of professionalism and expertise, one can not but be impressed by lawyers who have perfectly mastered the art of practicing law for international clients in a language which is not their own.”

“The emphasis on the importance of legal knowledge in the course of practice is also extremely impressive here: partners and senior associates somehow manage to combine their day jobs with professorships at the university. In addition to these academic commitments, associates have billable targets not far short of those in London or New York.”

On a cultural level, Lawn reiterates the oft-stated belief of InvestBA that today’s BA is more like The Paris Manhattan of South America.” “People do dance tango in the streets,” Lawn admits, “but then again are more likely to be listening to the latest dance anthems or 80′s classics on their iPods.”

For more information about Buenos Aires attorneys and Argentina law firms, download the new issue of InvestBA Privada.

 

Bariloche

Mendoza

Uruguay

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