Second Apartment in Buenos Aires - By: Joyce E. Matt

Second Apartment in Buenos Aires -
WHERE BUYING A PROPERTY IS A GOOD INVESTMENT

Buenos Aires, the Paris of South America, is nowadays one of the favorite vacation retreats for contemporary travelers and a desired choice for foreign investors from all over the World.

People who buy a property in Buenos Aires will benefit from a real estate boom set to continue many years on. Buying a property in Buenos Aires is a firm investment, which will reward investors with outstanding capital gains in the near future.

Whether you want to buy a second-home and plan to keep it for a long time or would rather resell it to make a profit, you should consider Buenos Aires, where buying a property is a good investment. There are several reasons.

Buyers of a second home in Buenos Aires will benefit from the capital appreciation of 15% expected this year, the increasing cash flow from renting the property (8% to 12% annually), low maintenance expenses and a current low tax policy in property, among others.

Getting a property in Buenos Aires helps buyers to make a reasonable financial move. Despite a slight increase in prices, Buenos Aires apartments are still easy on the pocket compared to other countries.

A two-bedroom apartment in the exclusive neighborhood of Parlermo costs 130,000 US dollars. Excellent lofts and new urban developments in the trendy areas of Palermo Soho and San Telmo can be purchased from 80,000 US dollars upwards.

Acquiring a property in Buenos Aires – famous all over the world for its international cultural offer and amazingly wide-ranging nightlife – will enable the vacationers to try the most exclusive activities and taste the exquisite flavors of a contemporary vacation hot spot.

There are many structures being developed these days in the Argentinean star capital. This turns it into a great opportunity for investing and making good profits. Dozens of buildings that are under construction stand out in Buenos Aires. This phenomenon began shortly after the economic crisis started in 2001.

Buying a property in Argentina is an open process to overseas investors. Foreigners can purchase a property in Argentina without restrictions (except in certain national security areas). However, having an agent or consultant based in Argentina helps the second-home buyer in the property buying process.

About the Author

Joyce E. Matt is a writer specializing in travel, real estate and luxury lifestyle. Click here for more information on Buenos Aires apartments for rent or Buenos Aires real estate for sale

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