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 Clarín 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, Clarín 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 development 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 feedback.

Instead, our inboxes are cascading with 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 Clarín, “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 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, Clarín characterized the presence and demands of the small investor as “nuevos desafíos,” but we view them as “nuevas oportunidades.” (Buyers, Sellers)

Javier Luna Hair Design

Javier Luna sits down for an exclusive interview with VanityBA in the upcoming issue of Privada.

Javier Luna began his career at the age of 19, working in a small hair salon in Buenos Aires. He perfected his craft while working in some of the fashion capitals of Europe, including Paris (where he was awarded second prize by Intercoiffeur International), Milan and London. Now back in Buenos Aires, at the helm of Javier Luna Hair Design, Luna sat down with VanityBA to discuss his philosophy and future plans.

In his chic, airy salon in Palermo, Luna told us about his soon-to-open salons in Tortugas Open Mall and Puerto Madero and the development of his hair care line. Although Luna has styled the hair of some of the world’s most famous women, including Penelope Cruz and Cindy Crawford, and has been featured in magazines like Cosmopolitan and Luz, he treats even new clients like old friends, giving them his undivided attention and making a visit to his salon as unique as the new haircut you will inevitably leave with.

For the full interview with Javier Luna, sign up for the October issue of InvestBA Privada out this Friday.

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-retirement. The New York Times says Latin American destinations like Buenos Aires, Punta del Este and even Medellín 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 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, download our premium newsletter, Privada, or send an e-mail to retire@investba.com.

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 the 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.

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.”

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