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The properties are very affordable compared to major world class cities around the world. And I believe that property prices in upscale areas will continue to appreciate over the next several years. |
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Brief Notes |
NEVER before have real house prices risen so fast, for so long, in so many countries. Property markets have been frothing from America, Britain and Australia to France, Spain and China. Rising property prices helped to prop up the world economyafter the stock market bubble burst in 2000. What if the housing boom now turns to bust? |
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Features |
Also, a major difference here in Argentina vs. many places around the world is they charge the BUYER a commission to purchase property here. The standard commission is 3% + vat taxes (21% on that 3%) of the purchase price. So if you purchase anapartment for $100,000 then you would pay a realtor's commission of $3,630 ($3,000 + $630 in taxes as professional service fees have a vat tax on them) |
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Basically, property in Buenos Aires is priced for the most part by the square meter. (1 sq. meter = 10.76 sq. feet). That price per sq. meter will go up or down based on what part of town you are buying, the type of building(new construction vs. older), the floor the apartment is on, view/no view, etc |
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In the following chart the price differences are based in quality and the way you want to live your stay in Buenos Aires |
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Comparison of Property Prices in Buenos Aires ,Vte Lopez (Buenos Aires Suburb)
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Buenos Aitres / Down Town |
Puerto Madero
: U$D 4000
per sq. meter. |
Barrio Norte
: U$D 2,500=
per sq. meter. |
Recoleta
: U$D 2,000=
per sq. meter. |
Belgrano:
U$D 2,400=
per sq. meter. |
Nunez:
U$D 2,000=
per sq. meter. |
Vte Lopez (Buenos Aires Suburb) |
Vte Lopez:
U$D 2,000=
per
sq. meter. |
Martinez:
U$D 2,000=
per
sq. meter. |
San Isidro:
U$D 2,000=
per
sq. meter. |
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Comparison
of Property Prices around the World |
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City |
Average
Luxury Property (Price per square meter) |
Neighborhood |
London |
U$D
9,500= |
_Kensington, Notting Hill, Chelsea |
New York City |
U$D
10,000= |
_Greenvich Village, Upper East Side of Manhattan |
Paris |
U$D
10,000= |
_6th, 7th, 8th Arrondissement |
Miami |
U$D
8,000= |
_South Beach / Miami Down Town / Coral Gable |
Madrid |
U$D
10,000= |
_San S.d.l.Reyes,Arroyo Vega,Cuestablanca. |
BUENOS AIRES |
U$D
2,400=
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_Palermo,Belgrano,Vte Lopez,Martinez,S.Isidro |
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All the prices are given in US Dollar |
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Note: These are samples of areas and the prices are average that might be changing constantly |
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