Full Description

Prestige Residences is a brand new luxury development in the very trendy and upmarket district of Recoleta in Argentina's capital Buenos Aires.

With only 42 apartments and a 12 month letting season, an expected rental yield after costs is approx 10% - 12%.

This type of development is suitable for investors - looking for excellent capital growth and excellent rental yield.

Recoleta is one of the most luxurious barrios in Buenos Aires, and there are many tourist attractions in the area as well as a strong café culture.

Investment Features

• Only 42 apartments - from US$72,581
• From only US$2,085/sqm
• Luxury studios from 33.2 sqm
• Luxury 1 beds from 45.1 sqm
• 1 x Luxury 2 bed 81.4sqm
• Suitable for Long Term or Short Term Let
• Full planning permissions in place
• From 10% - 12% Rental Yields
• Most prestigious and upmarket location in Buenos Aires
• Luxury facilities - gym, swimming pool, sauna
• Completion March 2009
• Strong tourist demand
• Developer has extensive experience having completed many projects in Buenos Aires

Payment Terms

• 47.5% on contracts
• Balance via Stage Payments
  
  

Why Invest in Argentina?

• 12 month tourist season in Buenos Aires
• High Rental Yields from 10%
• Excellent capital city location prices from US$1,500/ sqm.
• No restrictions for foreigners to buy
• Low buying costs - up to 8%
• No capital gains tax for individuals
• Very fast recovery from 2001 economic crisis
• High projected capital appreciation - approx 20% pa
• Strong local rental market
• Politically Stable
• Booming economy
• More than 500 multinational companies operate in Buenos Aires
• Growing tourism market - 7.6% expected growth in 2007