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Bob Frassinetti
New member
Username: Frassinetti

Post Number: 25
Registered: 1-2005
Posted on Thursday, September 21, 2006 - 4:39 pm:   Edit PostPrint Post

During the past couple of days the world of Real Estate in Argentina has been going through an interesting change. Thanks to an agreement between the government and the most important national banks (State and private) everyone who pays rent in the city will be able to access to ownership of the property in 30 year long credit lines with low interest rate. The importance of this, while only accessible for Argentine citizens and non owners, is the impact that will have on the market itself. First of all, due to the fact that more buyers will be entering the market, prices will indeed raise. And secondly this will impact on the credit lines available in the region. While this new and interesting shift in Argentina’s government policy is only targeted to Buenos Aires City, the impact on the rest of the real estate market will soon be palpable. The fact is that important cities and regions in the provinces are already showing an important growth and development that can help us project the lines of evolution within this market. Recent data shows that the growth in property value of provinces such as Santa Fe, Neuquen, Rio Negro and Misiones is of more than 17%. Taking upon the value reconstruction that took place in the last couple of years. Locals are indeed finding a new charm in living in smaller cities in ecologically friendly environments such as those available in the Argentine provinces. Construction data is also astonishing, the growth and development of new real estate projects is unquestionable. Range values going from US$700 to US$950 the sq2 meter for apartments in Bariloche, Neuquen, Comodoro Rivadavia, Rosario and Mendoza. The growth and development lines in Argentina’s real estate market are unquestionable. We’ve been pointing this out for several years now. Not only in regional but in international comparing terms, for it’s natural resources and for its sophisticated culture, Argentina has become the 21st century Prague and Paris, the San Francisco and New York of South America for investors. The lines of evolution are in constant move and development, so it’s important that potential investors are up to date with insightful information and proper counseling. We’ve placed our best effort to keep track of these important variables for our readers and clients. We’ll be soon posting new information on these trends’ evolution. However, for anyone who’s interested in any particular investment, please contact us directly and we’ll provide insightful information Mendoza Argentina

Bob Frassinetti, Buenos Aires, Argentina
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Bob Frassinetti
Junior Member
Username: Frassinetti

Post Number: 26
Registered: 1-2005
Posted on Thursday, September 21, 2006 - 5:14 pm:   Edit PostPrint Post

The photo above is from a set of photos I took when I was in Mendoza last week, buying a tractor for a British collecter. See link: http://www.flickr.com/photos/frassinetti/sets/7215 7594286533726/ Cheers, Bob Frassinetti
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Dixon2864
New member
Username: Dixon2864

Post Number: 3
Registered: 9-2006
Posted on Thursday, September 21, 2006 - 5:17 pm:   Edit PostPrint Post

Quote: "Range values going from US$700 to US$950 the sq2 meter for apartments in Bariloche, Neuquen, Comodoro Rivadavia, Rosario and Mendoza."

Being American, I haven't a clue what this means. Can anyone explain, please?
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Tom Woodson
Intermediate Member
Username: Diverdown48

Post Number: 187
Registered: 6-2006


Posted on Thursday, September 21, 2006 - 5:36 pm:   Edit PostPrint Post

Being American, my clue is that it is the square meter cost to build or cost per square meter of an existing structure. when used in comercial leasing it is the same.

In the US it normally would be written sq meter or sq m.
Since the metric system is not as commonly used here we would use sq ft or square foot which of course is a much smaller measurement, less than one ninth.

It is not dependent on where you are from but your area of expertise or knowledge of real estate terms.

I bet that you, being an American, are really well versed and quite intelligent about many other terms and areas of expertise.
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Dixon2864
New member
Username: Dixon2864

Post Number: 5
Registered: 9-2006
Posted on Thursday, September 21, 2006 - 5:55 pm:   Edit PostPrint Post

Tom, being American, I am aware of square foot and square mile and square inch.

"US$700 to US$950 the sq2 meter" sounds really expensive to me so I just don't get it and since I don't get it, I wanted clarificaton.

And again Tom, I don't get it because I'm American and so not familiar with the metric system.

It is dependent on where you are from Tom. I build things around here quite often and spend a lot of time in Home Depot and have bought a few houses and duplexes, but still I'm confused.

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Tom Woodson
Intermediate Member
Username: Diverdown48

Post Number: 189
Registered: 6-2006


Posted on Thursday, September 21, 2006 - 6:27 pm:   Edit PostPrint Post

No offense intended,

one square foot equals point zero nine two nine square meters.

$700 x .0929 = $65.03 per square foot
$950 x .0929 = $88.255 per square foot

http://www.escapeartist.com/Conversions/Square_Met ers_Square_Feet.html

I have been quoted prices much less than that but it was for two story houses. High rises would be more.
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Bob Frassinetti
Junior Member
Username: Frassinetti

Post Number: 29
Registered: 1-2005
Posted on Thursday, September 21, 2006 - 6:43 pm:   Edit PostPrint Post

The question: Quote: "Range values going from US$700 to US$950 the sq2 meter for apartments in Bariloche, Neuquen, Comodoro Rivadavia, Rosario and Mendoza." Being American, I haven't a clue what this means. Can anyone explain, please?



The answer: As I, an Argentinean see it, well, all property here in Argentina is priced by the square meter. ( This is 1 sq. meter is equal to 10.76 sq. feet). That price per sq. meter will go up or down based on what part of town you are buying in, either the type of building (by this I mean if it’s a new construction or one of the older buildings, the newer being always more expensive as till today it pays a high tax of around 18%). Price is also determined by the position of the apartment in the building, like on which floor its on, or its view is, and even its orientation to the sun, etc……………… hope this demystifies any misunderstanding, cheers and I hope I have been of help! Bob Frassinetti
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Dixon2864
New member
Username: Dixon2864

Post Number: 6
Registered: 9-2006
Posted on Thursday, September 21, 2006 - 7:05 pm:   Edit PostPrint Post

Thanks guys, I know this will be useful to others as well.

$700 x .0929 = $65.03 per square foot
$950 x .0929 = $88.255 per square foot

The above isn't so expensive, but that is when it is compared to California and we all know that isn't fair. Houses go for around US$409.00 per square foot here (40 minutes outside of SF).

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