This book is published by Bienes Raices Ediciones and is available on their website at http://www.brediciones.com . The Author’s name is Mario Gomez. The book has many of the classic tools used by brokers and appraiser to put a value on property. The standard market, cost, and income approach methods are discussed. The fact that the book is written from an Argentine perspective gives a lot of extra insight.
Argentina has frequent ups and downs in the economy and in real estate prices. For that reason the approaches taken in this book are especially valuable for those of us who are currently experiencing a serious decline in values for the 1st time. The book also deals with risk analysis that few appraisal books in the USA include. There are multiple formulas for adjusting risk and yield concerns.
There is a section on special use properties such as post offices, dormitories and buildings that may be difficult to price. The book concludes with some really great case studies using the tools. I also recommend this book for anyone who has to teach or translate in Latin countries as it has terms commonly used to describe things that we find hard to translate.
David Segrest is a REALTOR® in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com He is also a contributor on Argentina to: http://realestatebloginternational.com/
Showing posts with label Argentina. Show all posts
Showing posts with label Argentina. Show all posts
Monday, August 17, 2009
Friday, September 26, 2008
Argentina
Argentina
I spent the 17th and 18th of September in a conference in Buenos Aires sponsored by the Camara Inmobiliaria Argentina. While there was a lot of great information, I will share some insights gained on the Economy here. The appearance of things on the street is very good. People are out spending money. The building cranes are hard at work. The city looks better every year. The official numbers tell a different story.
The price of Soy has been dropping. Soy is critical to Argentina. The US dollar has been dropping. Argentines do their big deals in dollars. The Argentines have been converting their money to dollars and taking the dollars out of circulation. This combined with the current tight lending situation is causing a liquidity crisis.
The government has tried to balance the entire economy on the back of the farmers. The farmers blocked all the roads and threatened to quit bringing food to the city. The government caved; but this hurts the liquidity situation even more. Add to this the ridiculous retirement regime and the bloated public sector and we have a recipe for another real economic crisis. Argentina has not been able to de-couple from the world economy. It seems as if we will all suffer together. At least they will suffer with the best steak and some of the best wine in the world. It’s hard to feel sorry for them.
Sorry to be so late in posting this. I have had a difficult schedule. I am in Brazil now and will do a series of items to post 1 per day.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
I spent the 17th and 18th of September in a conference in Buenos Aires sponsored by the Camara Inmobiliaria Argentina. While there was a lot of great information, I will share some insights gained on the Economy here. The appearance of things on the street is very good. People are out spending money. The building cranes are hard at work. The city looks better every year. The official numbers tell a different story.
The price of Soy has been dropping. Soy is critical to Argentina. The US dollar has been dropping. Argentines do their big deals in dollars. The Argentines have been converting their money to dollars and taking the dollars out of circulation. This combined with the current tight lending situation is causing a liquidity crisis.
The government has tried to balance the entire economy on the back of the farmers. The farmers blocked all the roads and threatened to quit bringing food to the city. The government caved; but this hurts the liquidity situation even more. Add to this the ridiculous retirement regime and the bloated public sector and we have a recipe for another real economic crisis. Argentina has not been able to de-couple from the world economy. It seems as if we will all suffer together. At least they will suffer with the best steak and some of the best wine in the world. It’s hard to feel sorry for them.
Sorry to be so late in posting this. I have had a difficult schedule. I am in Brazil now and will do a series of items to post 1 per day.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Tuesday, September 16, 2008
Argentina Bound
Argentina Bound
Tuesday I will head for Buenos Aires, Argentina for the CIA conference. That is not an evil USA export that is the real estate organization of Argentina (Camara Inmobiliaria Argentina). They have 2 days of excellent educational presentations lined up. The conference is in the Hilton in Madero. . Information can be accessed at http://www.mundoinmobiliario.com.ar You should probably not go. I think I will be the only gringo there. That is like being the only girl at the dance. I will get all of the referrals.
I am kidding about you not going. I would like for you to go and make the conference and your business a success. If you are new to international real estate going to a conference with the professionals in your target market is an excellent way to jump start your business. This trip will cost around $3000. That is about the same as a half page ad in one of the luxury international real estate magazines. I promise this trip will be a lot more fun.
Everyone knows about the wonderful steaks in Argentina. A lesser known joy is the Malbek wine. They claim that Argentina is the only place where this grape grows. I think there may be some other countries that dispute this. I know that it is some of the best wine I have ever had. Join me in Argentina.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Tuesday I will head for Buenos Aires, Argentina for the CIA conference. That is not an evil USA export that is the real estate organization of Argentina (Camara Inmobiliaria Argentina). They have 2 days of excellent educational presentations lined up. The conference is in the Hilton in Madero. . Information can be accessed at http://www.mundoinmobiliario.com.ar You should probably not go. I think I will be the only gringo there. That is like being the only girl at the dance. I will get all of the referrals.
I am kidding about you not going. I would like for you to go and make the conference and your business a success. If you are new to international real estate going to a conference with the professionals in your target market is an excellent way to jump start your business. This trip will cost around $3000. That is about the same as a half page ad in one of the luxury international real estate magazines. I promise this trip will be a lot more fun.
Everyone knows about the wonderful steaks in Argentina. A lesser known joy is the Malbek wine. They claim that Argentina is the only place where this grape grows. I think there may be some other countries that dispute this. I know that it is some of the best wine I have ever had. Join me in Argentina.
David Segrest is a REALTOR in Charlotte NC. His website is http://www.segrestrealty.com His email is david@segrestrealty.com
Sunday, October 14, 2007
What I learned in Argentina
A Few Things I Learned in Argentina
I promised some URLs from the last Blog. Sorry about that. They are in my check luggage. I am in the Red Carpet Club. I did learn some interesting things about Argentina. Most of them are more cultural than Real Estate related; but real estate is based on relationships. Cultural understanding is necessary for building relationships.
1) Real estate practitioners here study for 3 years to become brokers. In Buenos Aires they can study at the Camara Inmobliaria Argentina or the Collegio de Martilleres y Corredores. They can receive a license from the Martilleres; but a license is not required to sell real estate.
2) This week the Collegio de Martilleres signed an agreement with ICREA which is the International Consortium of Real Estate Associations. This will link them to Worldproperties.com. World Properties is the closest thing we have to an international MLS. About 200 practitioners here received their TRC designation. This empowers them to make and receive international referrals in a secure environment with other members of the consortium. TRC stands for Transnational Referral Certificate.
3) Music and other items in Latin America bear a label describing the type of Spanish used. The three types noted are Mexican, Neutral and Argentinean. The Argentineans do not want their children to learn neutral Spanish. Many of the words are different in Argentina. The biggest difference is the pronunciation. There are some subtle differences; but the most noticeable is the pronunciation of the double “l” In most of the Spanish world “ll” is “y”. In Argentina it is halfway between a “g” and a “ch” .
David Segrest is a REALTOR with Segrest International REALTORS. His webpage is http://www.segrestrealty.com
I promised some URLs from the last Blog. Sorry about that. They are in my check luggage. I am in the Red Carpet Club. I did learn some interesting things about Argentina. Most of them are more cultural than Real Estate related; but real estate is based on relationships. Cultural understanding is necessary for building relationships.
1) Real estate practitioners here study for 3 years to become brokers. In Buenos Aires they can study at the Camara Inmobliaria Argentina or the Collegio de Martilleres y Corredores. They can receive a license from the Martilleres; but a license is not required to sell real estate.
2) This week the Collegio de Martilleres signed an agreement with ICREA which is the International Consortium of Real Estate Associations. This will link them to Worldproperties.com. World Properties is the closest thing we have to an international MLS. About 200 practitioners here received their TRC designation. This empowers them to make and receive international referrals in a secure environment with other members of the consortium. TRC stands for Transnational Referral Certificate.
3) Music and other items in Latin America bear a label describing the type of Spanish used. The three types noted are Mexican, Neutral and Argentinean. The Argentineans do not want their children to learn neutral Spanish. Many of the words are different in Argentina. The biggest difference is the pronunciation. There are some subtle differences; but the most noticeable is the pronunciation of the double “l” In most of the Spanish world “ll” is “y”. In Argentina it is halfway between a “g” and a “ch” .
David Segrest is a REALTOR with Segrest International REALTORS. His webpage is http://www.segrestrealty.com
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