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GBP*: 40,000 Type: Recommended Investments If you are looking for capital growth then the Palermo area of Buenos Aires is an excellent choice. Palermo Tower is a brand new 17 story apartment block with 1 and 2 bedroom units; all with wide balconies, terraces or patios and wonderful views. Palermo Tower offers the following features:
Completion in March 2010 Demand for rental properties is Palermo is high giving investors a chance to enjoy a long term rental income. Palermo Tower is in an established residential district which is affordable to the local market. Prices are currently at a pre-construction discount, the developer intends to increase price by at least 30% in the next 15 months and they are sure to continue to increase before completion. The rental market is growing, luxury apartments being the more popular choice. At present, high quality apartments in Palermo can expect yields of about 8% to 10%. Palermo Tower is a high specification development which should easily attract tenants and command a rental premium. In addition the developer is offering a fully managed rental scheme. Euro: 56000 USD: 83000
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