Buenos Aires Real Estate
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Buenos Aires Real Estate |
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Apartments for sale in the best areas of Buenos Aires, Argentina: Palermo Soho, Palermo Hollywood, Recoleta, Barrio Norte, San Telmo, Belgrano. |
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BUENOS AIRES REAL ESTATE - check our offers and ask for more informations 0019 - 00120 Villa Crespo. Jufré between Acevedo and Gurruchaga. House for Sale. Recycled charming old house. Very good condition on Lot 8.66 x 20. Sup cover 115 m2 + 90 m2 of patio. They own 205 m2. Living room of 8 x 4 with home. Desktop 4 x 2. Master bedroom 4.50 x 4 en suite with dressing. 2nd bedroom of 4 x 4. Kitchen 3.30 x 3. Separate laundry. Toilette. Patio in L of 12 x 8 x 4 pool with grill and 3 x 2. Palmera centennial. ... [ Ask for More info ] U $ S 350,000. - 0028 Palermo Hollywod. El Salvador esq. Humboldt. Lot. Plot in very good location in Palermo Hollywood. Dimensions: 10.32 m front / contrafrente: 10.23 m. / Right: 11.56 m / lateral left.: 11.20 m. Currently it is a deposit. Land area: 107.80 m2 Zoning: E3 Fot: 3 buildable area: 324 m2 s / Pic + garage height: 15.50 mts. Ideal commercial use on the ground floor and housing on first floor ... [ Ask for More info ] U $ S 680,000. - 0158 LOCAL SALE. Palermo Acuña de Figueroa almost esq. El Salvador. Excellent local square and close to school. A brand developed ground floor 41.04 m2 covered with possibility of construction of mezzanine of 21 m2. Ceiling height 4.90m. Bath. Suitable all use. Form a group of three locations that can be unified. Zoning R2B1. Ideal for excellent income investors. Without common expense. ... [ Ask for More info ] U $ S 170,000. - 0057 Palermo Soho. Honduras esq. Thames. Local to assemble. Excellent corner house in the heart of Palermo (one block Pza Cortázar). It encompasses two properties: forehead on Honduras and forehead on Thames. Two lots, one of 7.15 x 10 and a 7 x 11. Sold in block. Excellent front stone. ... [ Ask for More info ] U $ S 1.2 million. - 0058 Palermo Soho. Honduras esq. Thames. House. To renovate for commercial use. Excellent corner in prime location, one block from Plaza Cortazar. Two properties sold in block. With street fronts on Honduras and Thames Street. The measures of the batches are one and another 7.15 x 10 7 x 11. Excellent front stone. ... [ Ask for More info ] U $ S 1.2 million. - 0068 Palermo Soho. El Salvador between Borges and Thames. PH in Pta. High w / separate entrance, for sale. Built with the PH of Pta. Low on Lot 6.20 front, 8.04 to the counter, 24.49 and 24.43 Right Left. They covered 87.21 m2 + 12.82 m2 + 4.77 m2 discovered. Total 104.80 for this PH. In PB: 3.20 x 2.50 hall and space for warehouse / storage room and stairway in 1st Floor: Liv.Com. 4.80 x 2.70, 3 x 2.20 kitchen, bathroom, 2 bedroom 3.80 x 4. ... [ Ask for More info ] U $ S 290,000. - 0069 Palermo Soho. El Salvador and Borges. PH w / sale in Pta. Floor with separate entrance. It is built with the Ph of Upstairs on batch versus 6.20, 8.04 to the counter, 24.49 and 24.43 Right Left. They are 54 m2 + 12 m2 covered side patio + 65 m2 garden. This PH has a covered garage entrance or 2.55 x 4.40 and 9.70 x salon side yard of 4.10 over 9.70 x 2.25 and back garden of 8.50 x 7.60. Sold separately or in conjunction with Ph ... [ Ask for More info ] U $ S 230,000. - 0070 Palermo Soho. El Salvador and Borges. 2 PH for sale. Constructed on Lot 6.20 front, 8.04 to the counter, 24.49 and 24.43 Right Left. The PH of Pta. Low is 54 m2 + 12 m2 covered side patio + 65 m2 garden. The PH of Pta. Alta has 87 m2 + 12.82 m2 covered overdrafts + 4.77 m2 of balcony to the front. This PH has airspace. ... [ Ask for More info ] U $ S 520,000. - 0104 Palermo. Soler and Scalabrini Ortiz. PH to the front with separate entrance. GROUND FLOOR: Access to a single car garage or common hallway. FIRST FLOOR: large living room with balcony to the front, a front bedroom with balcony, 2nd bedroom of the building with access to the patio, large kitchen dining room, bathroom, large patio / terrace of 112 m2. ROOF: Terrace of 113 m2. Excellent original condition for recycling. ABL annual $ 1,357. AYSA $ 51. SURFACES BY TITLE: ... [ Ask for More info ] U $ S 290,000. - 0161 Chacarita. Guevara from Jorge Newbery and Santos Dumont. Excellent old house, 90, in excellent original condition. Own batch of 8 x 13. In Pta. Baja: vestibule with inner door, with glass lobby, living room, 2 bedrooms, office, kitchen, bathroom, toilet service under stairs and glazed courtyard. In floor: high room, utility room and terrace on the entire surface. They are 100 m2 + 12 m2 covered patio + 77 m2 terrace. Total 189 m2. Hardwood floor boards ... [ Ask for More info ] U $ S 245,000. - 0122 SALE DEPARTMENT 2 AMB. Palermo Soho. J.L. Borges esq. Costa Rica Excellent bedroom apartment 2 blocks from Plaza Cortazar and 7 Santa Fe Ave and subway line "D". Very bright. Living room of 3 x 4 front balcony of 4 x 1.20, 3x3.20 one bedroom w / closet, bathroom, kitchen 1.40 x 2.50. Has laundry on the balcony. 40 years age of the building and the kitchen and bathroom were refurbished eight years ago. Terrace in common use. Floor Area 37.19 m2 ... [ Ask for More info ] U $ S 125000. - 0125 Palermo. Medrano between Soler and Costa Rica. Excellent apartment with terrace of the building, in P.Baja building and two floors, with lift. In duplex on 2nd floor: living room of 6 x 3.05, 2.70 x kitchenette and toilet 1.70. In 3rd Floor: 1.60 x 1.50 desktop, 2nd. bedroom or playroom of 3 x 2.60 and 3.20 x 3.90 bedroom en suite. In terrace level: laundry and terrace from 8.30 x 4. They covered 63 m2 + 34 m2 terrace. Total 97 m2 propios.Impecable state. Garage. THIS ... [ Ask for More info ] U $ S 220,000. - 0129 Palermo. Palestine between Avenida Cordoba and Cabrera. Excellent PH recycled ancient entrance on first floor + mezzanine + Terrace. Very bright. Access from the street entrance original staircase to a Carrara marble hall 3.40x5.20 distribution. FIRST FLOOR: living room (5.70x4.20/4.30x4.20) with two balconies and front desk or office of 2.50x3. Master bedroom with wardrobe and en suite. Two bedrooms with shared bathroom closet and ... [ Ask for More info ] U $ S 360000. - 0131 Palermo Hollywood. Cabrera between Humboldt and Fitz Roy. Excellent house to the street on the ground floor. Old refurbished three years ago. Have another PH above are only two in the same inning. Covered area 81 m2 + 7 m2 patio. Total 88 m2. 2 x 1.50 Hall, living room of 4.20 x 7.20 with kitchenette 2.75 x 1.70, two bedrooms (master en suite, with closet) 4.20 x 3 and the other 3 x 3, toilette and 5.80 x 2.70 yard. Okay recycling. ... [ Ask for More info ] U $ S 230,000. - 0157 LOCAL SALE. Palermo Acuña de Figueroa almost esq El Salvador. Excellent local square and close to school. A brand developed in 3701 m2 ground floor covered with possibility of construction of 16.50 m2 mezzanine. Ceiling height 4.90m. Bath. Suitable all use. Form a group of three locations that can be unified. Zoning R2B1. Ideal for excellent income investors. Without common expense. ... [ Ask for More info ] U $ S 170,000. - 0167 Palermo. Between Aráoz Mansilla and J. Alvarez. GREAT OLD HOUSE, 1890, in house with separate entrance, RECYCLED NEW, FOR VIV. And / or business over 2 floors. IN PB: entrance hall, large 12 X 4.40 ENVIRONMENT IN DOUBLE HEIGHT C / COC. AMERICAN RECEPTION TOILET, A ROOM C / Ensuite, FRONT DESK AND BEAUTIFUL WOODWORK GLAZED outdoor patio with floor to ceiling that gives light to the whole property. IN PTA. TOP: 2 BEDROOMS, ONE OF THEM C / bathroom ... [ Ask for More info ] U $ S 390,000. - 0169 Boedo. Muñiz between Av.Independencia and USA. Excellent apartment in building 65, of Pta. Floor and two floors, front, recycling. Located on 2nd floor: living room of 4.50 x 3.20, bedroom 4.50 x 3.80 with wardrobe, kitchen 3.30 x 2 with laundry, bathroom and balcony 2 x 0.50, In 3rd Floor with steps of the building has a room 3.80 x 2.40 and toilette. According to Scripture are 40.56 m2 own. The room and the toilet on the third floor ... [ Ask for More info ] U $ S 91,000. - 0173 Palermo Soho. Soria and Serrano. Building Details: Exclusive building in the best location in Palermo Viejo three functional units with garage. Hall of access porphyry cobblestone floor and palm centennial. Garage Doors drawbridges Lavandera brand remote control. Concept Lighting and Light. Stainless Steel Hydraulic elevator Condor brand. Aluminium joinery with glass DVH A30. Goalkeeper viewer. Individual boilers for heating and hot water. ... [ Ask for More info ] U $ S 670000. - 0183 PALERMO HOLLYWOOD. Ravignani BETWEEN HONDURAS AND EL SALVADOR. DELIVERY: AUGUST 2014. Excellent finishes. 1 ROOM TO C / FRONT BALCONY. AREA: 24.50 m2 own. Livingroom / Bedroom 4.80 x 4.20/3.00, bathroom, kitchenette and balcony of 3 x 1. COMMON ADDITIONAL SERVICES: multipurpose room, solarium and grill in roof. SPECIFICATIONS: WALLS: FINISH IN GYPSUM latex paint. WOOD FLOOR OR SIMILAR. OPENINGS: ALUMI sliding windows ... [ Ask for More info ] U $ S 65,200. - 0184 PALERMO HOLLYWOOD. Ravignani BETWEEN HONDURAS AND EL SALVADOR. DELIVERY: AUGUST 2014. Excellent finishes. 1 ROOM TO C / FRONT BALCONY. AREA: 25.50 m2 own. Livingroom / Bedroom 4.95 x 4.00/3.00, bathroom, kitchenette and balcony of 3 x 1. COMMON ADDITIONAL SERVICES: multipurpose room, solarium and grill in roof. SPECIFICATIONS: WALLS: FINISH IN GYPSUM latex paint. WOOD FLOOR OR SIMILAR. OPENINGS: ALUMINI sliding windows ... [ Ask for More info ] U $ S 66,300. - 0185 PALERMO HOLLYWOOD. Ravignani BETWEEN HONDURAS AND EL SALVADOR. DELIVERY: AUGUST 2014. Excellent finishes. 1 main room with balcony overlooking the street. Area: 34 m2 own. LIVING / BEDROOM 6.35 X 3.10/4.70, bathroom, kitchenette and balcony 2.60 x 1.30. COMMON ADDITIONAL SERVICES: multipurpose room, solarium and grill in roof. SPECIFICATIONS: WALLS: FINISH IN GYPSUM latex paint. WOOD FLOOR OR SIMILAR. OPENINGS: ALUMINI sliding windows ... [ Ask for More info ] U $ S 81,600. - 0186 PALERMO HOLLYWOOD. Ravignani BETWEEN HONDURAS AND EL SALVADOR. DELIVERY: AUGUST 2014. Excellent finishes. TWO ROOMS TO C / FRONT with balcony. AREA: 39.50 M2 + 18 M2 balcony. BE 4.40 x 5.20, 3.40 x 3.10 bedroom, bathroom, kitchenette and balcony terrace with barbeque. COMMON ADDITIONAL SERVICES: multipurpose room, solarium and grill in roof. SPECIFICATIONS: WALLS: FINISH IN GYPSUM latex paint. TO BE: FLAT M ... [ Ask for More info ] U $ S 121,800. - 0187 PALERMO HOLLYWOOD. Ravignani BETWEEN HONDURAS AND EL SALVADOR. DELIVERY: AUGUST 2014. Excellent finishes. TWO ROOMS TO C / FRONT with balcony. Area: 37 M2 + M2 16.50 balcony. BE 4.40 X 4.70, 2.80 X 3.60 BEDROOM, BATHROOM, KITCHEN AND BALCONY TERRACE. COMMON ADDITIONAL SERVICES: multipurpose room, solarium and grill in roof. SPECIFICATIONS: WALLS: FINISH IN GYPSUM latex paint. TO BE: hardwood floor or SIMI ... [ Ask for More info ] U $ S 124,900. - 0188 PALERMO HOLLYWOOD. Ravignani BETWEEN HONDURAS AND EL SALVADOR. DELIVERY: AUGUST 2014. Excellent finishes. TWO ROOMS TO C / FRONT with balcony. Area: 47 M2 + M2 37.50 balcony and terrace. BE 4.40 x 5.20, 3.40 x 3.10 bedroom, bathroom, kitchenette and balcony and terrace totaling 37.50 M2 .. COMMON ADDITIONAL SERVICES: multipurpose room, solarium and grill in roof. SPECIFICATIONS: WALLS: FINISH IN PLASTER PAINTING WITH ... [ Ask for More info ] U $ S 142,300. - 0189 PALERMO SOHO. Bedroom apartment in excellent location. Excellent distribution of environments, very comfortable. Low expense $ 270. - Individual services. Separate laundry. FLAWLESS. A.B.L. $ 50. - MONTHLY AySA $ 20. - Bimonthly. LIVING 3.40 X 4, 3 X 3 BEDROOM CLOSET MAS, 2.30 X 1.70 KITCHEN AND BATHROOM. ARE 34 m2 covered. Suitable professional. ... [ Ask for More info ] U $ S 88000. - 0199 Excellent apartment. 2 main rooms of the building. VERY GOOD CONDITION AND LIGHT. 44 m2 total. INCLUDE THE EXPENSE AySA - A.B.L. $ 54. - MONTHLY. GREAT LOCATION. ... [ Ask for More info ] U $ S 77,000. -
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OVERVIEW
Buying property in Argentina as a foreigner is legally straightforward:
>Real estate in Argentina is typically held, bought and sold freehold. Property can be acquired by individuals and corporations.
>The only restriction concerning foreign real estate ownership applies in the immediate vicinity of Argentina’s borders, where such ownership is subject to prior government approval.
Owning Property in Argentina is safe for the following reasons:
>Under the Argentine constitution foreigners have the same property rights as Argentine nationals.
>The property market is priced in US Dollars. This provides a shelter from economic crises for locals and protects foreign investors from fluctuations of the Argentine Peso.
>If you follow the well known 3L Rule (Location, Location, Location) you will not lose money. Even after the 2001/2002 crisis, real estate in prime locations in Buenos Aires recovered in less than 2 years. Prices are now more than 60 % higher than at the peak before the crisis.
But there are also some differences to real estate transactions in other countries:
>Transactions are 100% in cash, paid with US Dollars over the table (locals have little trust in the financial institutions).
>The purchase price stated in the deed is hardly ever the real purchasing price. Most property owners do not want to pay tax on the full amount so they record an official sale price that could be 70% (or less) of the actual purchase price. (This particular practice of tax evasion is very common in Argentina and we strongly recommend that our clients do not participate in it).
>Realtors are unlike those in Europe and North America. They are not licensed in the same way, they are effectively unregulated (there are some regulations, but the authorities simply do not enforce them) and they are not liable for promises or statements they make regarding a property. There are honest, reliable realtors in the market but unfortunately questionable ethics are common. When buying property it is crucial to double-check all information provided by the realtor to avoid any unwelcome surprises later on.
>In Argentina every single real estate purchase must go through a special attorney called an "escribano publico”. The escribano is crucial when buying real estate in Argentina. He has to check that the seller is registered as the owner, all taxes and duties have been paid, there is no lien on the property and that there are no existing mortgages attached. He prepares the boleto (binding pre contract) and the deed and unlike the realtor he is fully responsible for his advice and actions.
> Duration: After the sale price has been agreed it takes approximately four to six weeks until the signing of the title deed transfer (equivalent to the exchange of contracts). If you are not willing to stay in Argentina for this time period you can grant a Power of Attorney: letting the deed be signed by a person you trust.
The following chapters will explain the entire buying process.
DOCUMENTS
As mentioned, the legal side of buying property in Argentina is straightforward. The only documents needed are your passport and your personal Argentine tax number - CDI (Clave de Identificacion). To obtain a CDI you must prove your address in Argentina (rental apartment, friend’s house, etc…) with a “certificado de domicilio”. This can be obtained at the nearest police station to where you are staying. With this document and your passport you must then go to the nearest AFIP office (Argentine tax authority) to get the CDI. If you do not speak Spanish it is recommended that you go there with somebody who does speak the language and is also familiar with the system. Otherwise, you can let somebody else do it for you (requires a Power of Attorney).
BUYING PROCESS
>Reserva:
This section explains what happens after you have found the property you wish to purchase.
A meeting between yourself and the seller’s agent will be arranged. Here, you will make an offer to buy the property at a certain price (Reserva). It is wise to always offer a lower price (at least 5%) even if you think the asking price is already attractive. To confirm your offer the seller’s realtor will ask you for a payment in cash amounting to 1% of the offered price, or at least USD 1.000,-. The offer (Reserva) is usually valid for a week. During this period the realtor is supposed to take the property off the market and inform the seller of your offer. The seller will either accept your offer, reject it or, most likely, make a counter offer. Then it is your turn to accept, reject or make a counter offer. If an agreement on the price cannot be reached and the reserva expires, you will get your money back. If the seller accepts your offer and you back out, your money will not be returned.
>Boleto:
The Boleto (a binding pre-contract) is a document normally prepared by the escribano. This is an intermediary step where the seller receives at least 30% of the agreed sale price, allowing them to secure a replacement property for the one to be sold. It is most commonly used when the signing of the title deed transfer is scheduled many months down the line. The boleto is basically the point of no return for both the buyer and the seller. If the buyer backs out, they lose the 30% down payment. If the seller backs out, not only do they have to return that 30% but they must also pay another 30% in compensation. But, unlike the reserva, the boleto also gives the prospective buyer the legal right to enforce the property sale (although any resulting lawsuit might take years). The boleto involves more risk for the buyer than the seller as they are paying 30% of the total price for a legally enforceable document but no physical possession nor title of the property.
>Escritura:
The Escritura is the actual closing date when all parties get together to sign the official deed transfer. The buyer can now take possession of the property. All taxes on the property must be fully paid up at the time of transfer.
The agreed sum is paid in cash at this time or a transfer to a foreign bank account is set up and verified at a second meeting. (It is important to note that the payment required for the escritura does not need to be made in pesos. In fact, most owners will only accept US dollars or transfers to their accounts held abroad). The buyer does not have to be physically present to sign the transfer deed if a third party is authorised by a Power of Attorney to sign in their place. It is important at this point to have requested and obtained updated floor plans that reflect actual construction. Failure to do this may result in the new buyer having to pay the unpaid taxes of the previous owner. This also guards against any unlawful construction done to the property that could lead to problems in the future with the municipal government.
COSTS
>Realtor commissions: 3% to 4% of the closing value plus 21% VAT (3.63-4.84%)
>Money transfer fee: 0.7% to 3%
>Escribano fees: 1% to 2% plus 21% VAT (1.21-2.42%)
>Stamp fee: 2.5% in the city (Capital Federal) of Buenos Aires and 4% in the suburbs of Buenos Aires. If the property is for residential use, valued under ARS 360,000, and it is the client’s first purchase the stamp fee is waived. If it is priced over ARS 360,000, the stamp fee will only be paid on the difference (Purchase price minusARS 360,000). The stamp fee is commonly split 50:50 between the buyer and seller but you must request this when you make your offer.
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