{"id":76,"date":"2015-10-01T21:34:49","date_gmt":"2015-10-02T00:34:49","guid":{"rendered":"https:\/\/kierjoffe.com\/news\/?p=76"},"modified":"2018-07-19T15:37:40","modified_gmt":"2018-07-19T18:37:40","slug":"real-estate-house-hunting-in-buenos-aires-argentina","status":"publish","type":"post","link":"https:\/\/www.kierjoffe.com\/news\/lawyer-argentina-attorney-buenos-aires-law-firm\/real-estate-house-hunting-in-buenos-aires-argentina\/","title":{"rendered":"REAL ESTATE: House Hunting in Buenos Aires, Argentina"},"content":{"rendered":"
\"Horacio<\/a>

Molecule House, a villa in a gated community outside Buenos Aires, is on the market for $1.35 million.<\/p><\/div>\n

http:\/\/www.nytimes.com\/2013\/05\/16\/greathomesanddestinations\/real-estate-in-argentina.html<\/a><\/h6>\n
By\u00a0NINA ROBERTS<\/h6>\n

A THREE-BEDROOM HOUSE WITH A POOL OUTSIDE BUENOS AIRES<\/strong><\/span><\/p>\n

This rectangular building, known as Molecule House for the system of interlocking aluminum rods and connectors that makes up its foundation, has 3,229 square feet of space over two floors. Its signature modular geometric structures also act as a decorative feature throughout the house \u2014 in ceilings, along windows, even as table legs and balusters. It is being sold furnished.<\/p>\n

The central living room has a double-height ceiling and two glass-paneled walls; like most of the house the floor is in a reclaimed wood called Incienso, with a heating system underneath. It is flanked on one side by the dining room, on the other by the kitchen, which has two freestanding counters topped with thick slabs of reclaimed pine. Appliances, among them an Ariston oven and stove, are stainless steel.<\/p>\n

Upstairs, the master suite has an air-conditioned bedroom, a white-tiled bath with a skylight and a walk-in closet. On the other side of the house, at the far end of an open walkway, are two bedrooms and a shared bath.<\/p>\n

The property of almost 11,000 square feet is landscaped with palm and silk floss trees, flowering shrubs and a collection of cacti. A wooden deck leads back to the pool; a small geodesic dome provides a sculptural element.<\/p>\n

Molecule House is in La Celina, a gated community of 70 homes on large lots. Polo fields are within 15 minutes\u2019 drive; Buenos Aires is about 45 minutes away.<\/p>\n

MARKET OVERVIEW<\/strong><\/p>\n

The market in Buenos Aires, which traditionally uses American dollars, is stagnant, in part because the government recently restricted real estate transactions in foreign currencies. Wary of the Argentine peso with its history of high inflation and depreciation, many sellers are holding back.<\/p>\n

Emiliano Pagnotta, an Argentine economist who teaches at New York University, described the market as \u201cessentially collapsing.\u201d<\/p>\n

\u201cThe number of sales in the main market, Buenos Aires, are down 40 to 50 percent compared to the previous year, which was not a great year to start with,\u201d he said.<\/p>\n

But according to Martin Bricca, a managing partner of Buenos Aires Habitat, it\u2019s a good time to buy. Those who are selling, he said, are not averse to negotiation. \u201cThree years ago, if you offered 30 percent less than the asking price, the owners would say no,\u201d he said. Sellers today often accept offers 15 to 20 percent under asking price.<\/p>\n

WHO BUYS IN THE BUENOS AIRES AREA<\/strong><\/p>\n

Most foreign buyers in the Buenos Aires area are from North America and Western Europe, typically Britain, Italy and France.<\/p>\n

BUYING BASICS<\/strong><\/p>\n

There are no restrictions on foreign buyers, but financing must be obtained at home, as Argentine banks generally don\u2019t provide mortgages. Elias Kier Joffe<\/a>, the managing partner of the Buenos Aires Law Firm Kier Joffe<\/a>, described real estate transactions as straightforward, explaining that Argentines typically rely on notaries public and don\u2019t hire lawyers.<\/p>\n

But given the recent restrictions on foreign currency, Mr. Joffe<\/a> strongly suggested that foreign buyers hire a lawyer, even before contacting an agent for a property search. The lawyer, notary and closing costs together make up about 3 percent of the sale price, he said.<\/p>\n

Foreign buyers usually wire their payments into the bank accounts that many sellers maintain abroad. The payment method must be stated in the purchase agreement and the account declared to Argentina\u2019s Federal Administration of Public Revenue.<\/p>\n

WEB SITES<\/strong><\/p>\n

City of Buenos Aires tourism:\u00a0bue.gov.ar<\/a><\/p>\n

Buenos Aires Province tourism:\u00a0buenosaires.tur.ar<\/a><\/p>\n

Buenos Aires Province portal:\u00a0gba.gov.ar<\/a><\/p>\n

LANGUAGES AND CURRENCY<\/strong><\/p>\n

Spanish; Argentine peso (1 peso = $0.19)<\/p>\n

TAXES AND FEES<\/strong><\/p>\n

The broker fee is 4 percent of the sale price; additionally, a transfer tax of 3.6 percent is typically split between buyer and seller. Property tax is $1,200 a year, maintenance $400 a month.<\/p>\n

The proven Buenos Aires \u2013 Argentina lawyer professionals at the\u00a0Kier Joffe law firm<\/a>\u00a0have experience working with foreign clients involved in all kind of cases\u00a0in Argentina.\u00a0Buenos Aires Argentina attorney<\/a>\u00a0professionals are knowledgeable in almost all the practice areas of law, to service its international cases in Buenos Aires Argentina. International clients will have the confidence of knowing that the case is being handled by an experienced and knowledgeable Buenos Aires \u00a0lawyer in Argentina.<\/p>\n

www.kierjoffe.com<\/a><\/p>\n

\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

http:\/\/www.nytimes.com\/2013\/05\/16\/greathomesanddestinations\/real-estate-in-argentina.html By\u00a0NINA ROBERTS A THREE-BEDROOM HOUSE WITH A POOL OUTSIDE BUENOS AIRES This rectangular building, known as Molecule House for the system of interlocking aluminum rods and connectors that makes up its foundation, has 3,229 square feet of space over two floors. Its signature modular…<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[12,7,11,8,9,6,10,18],"class_list":["post-76","post","type-post","status-publish","format-standard","hentry","category-english","category-real-estate","tag-argentina","tag-attorney","tag-buenos-aires","tag-law-firm","tag-law-office","tag-lawyer","tag-legal","tag-real-estate-2"],"yoast_head":"\nREAL ESTATE: House Hunting in Buenos Aires, Argentina - News and Articles<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kierjoffe.com\/news\/lawyer-argentina-attorney-buenos-aires-law-firm\/real-estate-house-hunting-in-buenos-aires-argentina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REAL ESTATE: House Hunting in Buenos Aires, Argentina - News and Articles\" \/>\n<meta property=\"og:description\" content=\"http:\/\/www.nytimes.com\/2013\/05\/16\/greathomesanddestinations\/real-estate-in-argentina.html By\u00a0NINA ROBERTS A THREE-BEDROOM HOUSE WITH A POOL OUTSIDE BUENOS AIRES This rectangular building, known as Molecule House for the system of interlocking aluminum rods and connectors that makes up its foundation, has 3,229 square feet of space over two floors. 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