BTN News: Are you in the market for a new home or investment property in Buenos Aires? On September 25, 2024, Banco Ciudad will hold an online property auction featuring 10 diverse units across some of the city’s most sought-after neighborhoods, including Palermo, Villa Urquiza, Caballito, and Balvanera. With prices starting from as low as US$39,000 and reaching up to US$206,000, this auction presents a unique opportunity to acquire real estate at potentially lower costs.
Each property comes with its own distinctive features and competitive starting bids, making this auction a prime event for first-time buyers, investors, and those looking to capitalize on Buenos Aires’ dynamic housing market. Read on to discover the standout properties and what you need to know to participate in this exciting event.
Featured Properties at the Auction
Prime Location in Palermo: Spacious 3-Bedroom Apartment
Located in the heart of Palermo, this 99-square-meter apartment on Avenida Santa Fe 4274 offers a perfect balance of comfort and city living. With a base price of US$206,000 and a deposit guarantee of US$6,180, this three-bedroom unit features an open view of the Buenos Aires Fairgrounds, a living/dining area with a balcony, a main and second bedroom, a full bathroom, a kitchen with a service room, and more. The property will be available for an in-person viewing on September 17, from 9 am to 12 pm.
Villa Urquiza: Affordable Three-Bedroom with Patios
For those looking for a cozy yet affordable option, the three-bedroom unit on Avenida Olazábal 5620 in Villa Urquiza offers 65 square meters of living space at a starting bid of US$69,000 and a deposit requirement of US$2,070. This property includes a living/dining area, two bedrooms, a kitchen, laundry area, bathroom, and two patios. Interested buyers can view the property on September 16, from 9 am to 12 pm.
Unique Duplex in Caballito: Affordable PH with Patio
A rare find in Caballito, the PH-style apartment located at Fragata Presidente Sarmiento 1659 offers a unique living experience. Priced at a base of US$46,000 with a guarantee deposit of US$1,380, this unit features both a ground and upper floor with a hall, two bedrooms, a kitchen, a bathroom, and a patio. With 56 square meters of total space, it’s a charming choice for buyers seeking something distinctive.
Investment Opportunities in Emerging Neighborhoods
Villa Ortuzar: Modern Apartment with Dual Balconies
Nestled in Villa Ortuzar, this two-bedroom unit on Charlone 2194 is a modern gem, boasting a starting price of US$91,000 and a deposit requirement of US$2,730. Located on the 8th floor, the property spans 54 square meters and features a living/dining area opening to a balcony, a bedroom with a second balcony, a kitchen, and a full bathroom.
Villa Riachuelo: Two Unique Properties on Offer
Villa Riachuelo presents two great opportunities for those looking to invest in up-and-coming neighborhoods. The first is a PH-style property on Cañada Gómez 4757, with a starting bid of US$55,000 and a 127-square-meter layout that includes two bedrooms, a kitchen/dining area, a bathroom, and an internal patio leading to a terrace. The property will be open for viewing on September 13, from 9 am to 12 pm.
The second property, a three-bedroom unit on Cañada Gómez 4805, comes with a base price of US$51,000 and a deposit guarantee of US$1,530. This property includes an entrance, a living/dining area, a kitchen with a laundry section, two bedrooms, a bathroom, and balconies.
How to Participate in Banco Ciudad’s Online Property Auction
Secure Your Spot with a Deposit:
Interested parties must register for the auction at least 48 business hours before the event starts. A deposit guarantee corresponding to a percentage of the base price of the desired property is required to participate. This deposit is fully refundable if the bid is unsuccessful or if the participant does not place a bid.
100% Online Bidding Experience:
This auction will be conducted entirely online, allowing participants from across the country to place bids from the comfort of their homes. Banco Ciudad has streamlined the process to be fully digital, enhancing accessibility and convenience.
What Sets Banco Ciudad’s Auctions Apart?
Banco Ciudad conducts these auctions on behalf of the Procuración de la Ciudad de Buenos Aires, offering a range of properties that may include lots, apartments, PHs, houses, offices, commercial spaces, and parking spots. The properties are often linked to vacant inheritances, creating a unique opportunity for buyers to secure real estate at potentially lower market prices.
All proceeds from these auctions are allocated to the Permanent Educational Fund, contributing to the city’s development and growth.
Why Consider an Auction Property in Buenos Aires?
Property auctions, such as this event hosted by Banco Ciudad, represent an excellent chance to find deals in a competitive market. Buyers can access a range of properties at potentially reduced prices and have the chance to invest in both well-established and emerging neighborhoods in Buenos Aires. Additionally, the fully online format of the auction makes participation easy and accessible to interested buyers from all parts of Argentina.
Final Steps for Interested Buyers
To participate in this auction, visit the Banco Ciudad website and complete the registration process. Remember to view the properties on their scheduled dates to make informed decisions, and ensure you meet the registration deadline. This could be your opportunity to secure a property at an unbeatable price in one of the world’s most vibrant cities.
