New Law Gets Tough On Buenos Aires Short-Term Rentals

Patrick Archer ba government, buenos aires events, competitiveness, hotels & casinos, real estate, tourism

Buenos Aires hotels have been losing ground and guests to owners of short-term apartment rentals ever since the 2001 financial crisis, but new legislation approved this week seeks to clamp down on alquileres temporarios and dramatically stem the turista tide. The new law will require those who own and rent four or more Buenos Aires short-term rental properties to, among other things, add …

City of Buenos Aires Seeks to Lower Commissions on Rental Properties

Patrick Archer average prices, competitiveness, real estate

One of the biggest consumer rip-offs in the Buenos Aires real estate world revolves around broker commissions and deposits for rental properties. While the Internet continues to revolutionize industries and circumvent intermediaries, the dinosaur known scientifically as Portena Rentus Apartamentata has continued to morph, persevere and garner fat commissions from those seeking rental properties. So if you just heard high …