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buying property in Argentina Bariloche or las Lenas

post #1 of 23
Thread Starter 
i am wanting to get either an apartment or a house for an investment and ski house in argentina around Bariloche or maybe Las Lenas and was wondering if anyone had any experence or has and tips about going about this.

i could use all the help i can get , kind of just day dreaming at work now but i wanna dosomething within the next yr or so

thanks
tyler
post #2 of 23
and may i ask - why you want to do this?
post #3 of 23
Thread Starter 
i've been skiing down their for the past two years been seeing alot of building and property has shot up. its still pretty cheap so why not
post #4 of 23
How cheap is pretty cheap?
post #5 of 23
Thread Starter 
you can pick up someting in town by the lake in Bariloche for less than 50, to own. one of the better deals i found was a ten bed house bar for 500. its really almost like stealing bariloche is an amazingly beautiful town and a pretty sweet ski resort and miles of backcountry.
post #6 of 23
Tyler,

I've heard that Bariloche is at a lower elevation than Las Lenas.

When does the season start down in Bariloche?
When does it normally end?

Tom
post #7 of 23
To start, do you know for sure a forigner can own property there?
post #8 of 23
The top of Bariloche is lower than the bottom of Las Lenas. This is good when there is snow as there are trees to ski in, but very suspect in low snow years. Enlosandes, who posts on tgr is an American ex-pat now living in Bariloche.
post #9 of 23
Thread Starter 
forigners are allowed to buy property under certain conditions, this is from an argentine lawyer i met in my hotel last yr. you have to pay a 30% property tax but in one year you get the total amount back and bacicly you have the same rights as far as ownership goes as a citizen.
this angers alot of argentines just because as a foreign investor buying with dollars you push up the market making it more difficlut for argentines to compeate.

the season in Bariloche starts around june, which is not a time to go. this year although they had some good dumps in the beginning of the season. july is their high season when the Argentine holidays are, if you can never go then either i've heard the hill gets almost 50 thousand people. overcrowded and tracked but the trees and off piste are usally always uncrowded.
end of july, August and september are like dreams huge dumps and uncrowded slopes and cheap cheap lift tickets.
Bariloche is lower but some seasons gets more snow, bariloche is also "modern" resort good chairs and gondes. while Las Lenas you'll spend alot of your time going up the mountain but LL has better terrain.
the resort i enjoyed the most was Cerro Castor in Ushuaia. untouched and undiscovered. good powder all season and its the longest season in the southern hemisphere, but it is closer to antartica then anywhere else, which is pretty cool.
post #10 of 23
Why would you buy property in a place you are:
  • relatively unfamiliar with
  • never lived/worked in
  • far away from - mileage-wise
  • no personal friends/family/trusted advisor
  • expensive plane ticket - easy $1000
  • language issues
  • legal issues
  • maintenance issues
  • rental/tenant issues
  • etc
Sounds like a nightmare investment!

Argentina was in a severe depression & defaulted on all of its monetary loans circa 2000. And has rebounded nicely.

An easier Argentina play/investment might simply be a fund with this exposure with known fees. The greatest risk is the Argentinian economy, not all the unknowns of real estate listed above.

This discussion strikes me as naivete.
post #11 of 23
Thread Starter 
any new info??
post #12 of 23
post #13 of 23
I own property and assist foreigners interested in purchasing property in and around Bariloche. Feel free to PM me for more information. There is a lot of untruths out there, including some posted above.

I wrote a post of the buying process here in Patagonia, http://livinginpatagonia.com/?p=39.

Property is still a great deal down here, and many have a positive cash flow due to the booming tourism industry.
post #14 of 23
Quote:
Originally Posted by chrisc View Post
This post strikes me as naivete.
fixed it for ya.
post #15 of 23
Quote:
Originally Posted by chrisc View Post
Why would you buy property in a place you are:
  • relatively unfamiliar with
  • never lived/worked in
  • far away from - mileage-wise
  • no personal friends/family/trusted advisor
  • expensive plane ticket - easy $1000
  • language issues
  • legal issues
  • maintenance issues
  • rental/tenant issues
  • etc
Sounds like a nightmare investment!

Argentina was in a severe depression & defaulted on all of its monetary loans circa 2000. And has rebounded nicely.

An easier Argentina play/investment might simply be a fund with this exposure with known fees. The greatest risk is the Argentinian economy, not all the unknowns of real estate listed above.

This discussion strikes me as naivete.
For some outside the box type thinkers, opportunities exist in less know markets. The key is doing your research, homework, and assembling a good team.
post #16 of 23

Amazing opportunity and great return on investment.

 

Patagonia Investment Properties

post #17 of 23
Quote:
Originally Posted by soulskier View Post

Quote:
Originally Posted by chrisc View Post
Why would you buy property in a place you are:
  • relatively unfamiliar with
  • never lived/worked in
  • far away from - mileage-wise
  • no personal friends/family/trusted advisor
  • expensive plane ticket - easy $1000
  • language issues
  • legal issues
  • maintenance issues
  • rental/tenant issues
  • etc
Sounds like a nightmare investment!

Argentina was in a severe depression & defaulted on all of its monetary loans circa 2000. And has rebounded nicely.

An easier Argentina play/investment might simply be a fund with this exposure with known fees. The greatest risk is the Argentinian economy, not all the unknowns of real estate listed above.

This discussion strikes me as naivete.
For some outside the box type thinkers, opportunities exist in less know markets. The key is doing your research, homework, and assembling a good team.

Have to agree with soulskier. I think by definition the naivete is with Chrisc. It is a big world out there with lots of opportunities.

Did tylerjames end up buying anything?

post #18 of 23

We just reduced the asking property of Patagonia View Investment Property to US$329,000

 

25 minutes from Cerro Catedral and 1.5 hours from Cerro Bayo, in the Lakes District of Patagonia.

 

Rainbow-from-Casita-Llao-Llao1.jpg

post #19 of 23

Here is an article that came out today in Curbed On Line Magazine

 

 

http://curbed.com/archives/2011/01/06/the-best-views-money-can-buy.php#views-patagonia-argentina-12

post #20 of 23

Looks like a beautiful place!  Why are you selling?

 

 

Do you think a Wakeboard school would make it down there?  Are there any already?

 

post #21 of 23

Llao llao http://www.llaollao.com

 

I remember they were selling some properties here 2 years ago, lake front view, although I imagine its pretty expensive. its 20-25 minutes away from the mountain

If you are really interested I know the owners and can hook you up with their sells rep. 

post #22 of 23

Thanks, but I'm thinking about my boardhead 16 year old.  Just in case the rock star thing doesn't work out!

post #23 of 23
Quote:
Originally Posted by SHREDHEAD View Post

Looks like a beautiful place!  Why are you selling?

 

 

Do you think a Wakeboard school would make it down there?  Are there any already?

 


I am selling to raise some capital to help create the world's first ski-energy center.

 

A wakeboard and waterski school could totally work, but there are not that many days where the lake is glass. 

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