Reservations:
(+54-11) 155 460 2020
monday to friday 10am 7pm
apartsinba@gmail.com
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Pushed by steady economic growth and stability, commercial real estate is currently very much in demand creating new opportunities in office and retail space. Interesting gains are also to be found in the tourism sector, mainly the result of low costs in dollar terms derived from the 2002, 3 to 1, devaluation of the Argentine peso. Tourism continues to rise in Argentina causing a growing demand for hotel accommodation and tourist related activities. One quick way to profit from this unique opportunity is investing in short term rental units. The latter should be acquired in the tourist rich areas of Recoleta, Puerto Madero, Barrio Norte & Palermo Holywood. A typical 70 meter apartment may be obtained and furnished for as low as U$S 185.000. Occupancy rates vary between 75 and 90% depending on amenities offered. Past performance shows combined rental and capital gains income in the area of 15 to 20% per annum. An added benefit for foreign investors is they get to use the unit when it is not rented out.