Our company was retained many years ago by an American couple that was looking to own a property in Buenos Aires. Initially they were interested in the downtown area. When we did the initial consultation, we understood their motivation was primarily cash flow via rentals and we talked them out of buying in that neighborhood and buying in Palermo Soho instead.
Like many of our clients, we were trusted "blind" and the clients never came to Buenos Aires to look at this property. We got Power of Attorney to transact on their behalf. We identified this property and it was a fantastic deal due to problems with the title deed. With our legal team, we knew that we could fix the issue and after several months we purchased this property and we fixed all issues with the title deed.
It is in the heart of Palermo Soho and occupies the entire 17th floor and has 360-degree views of the city. It has a private roof-top terrace. The building has 24/7 security and a pool and gym.
This was one of the best purchases we have made for a client. The property has gone up tremendously in value and the cash flow is tremendous. It's one of the most popular rentals in Buenos Aires.
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