hello all,
i'm currently on a student visa with temporary residency that l have to renew every year. I'm expecting to spend the next 5 years or more in the capital. Thanks to my girlfriend's mom, who's kind enough to provide me garantía to rent an unfurnished apartment for 2-year contract.
I did some calculation, the monthly rent is 3000 pesos, and there's a 20% increase annually stipulated in the contract. Assuming that the value of blue dollar also increases by 20% annually, I can approximate the annually cost of rent at a fix amount of 6000 dollars, and 5 years would be 30k USD
I looked at the selling price of similar apartments nearby, average is around 130k USD. I'm kinda tempted and asked some friends if it's possible for a foreigner to buy apartments here. Some say no, some say maybe.
Has anyone, without argentinian citizenship or permanently residency, bought property here?
As for now, I understand that it's nearly impossible to get money out of argentina. Does it imply that buying an apartment here would be a "life-time" commitment to argentina? given that you wouldn't be able to sell the property and bring the cash back home.
thanks
i'm currently on a student visa with temporary residency that l have to renew every year. I'm expecting to spend the next 5 years or more in the capital. Thanks to my girlfriend's mom, who's kind enough to provide me garantía to rent an unfurnished apartment for 2-year contract.
I did some calculation, the monthly rent is 3000 pesos, and there's a 20% increase annually stipulated in the contract. Assuming that the value of blue dollar also increases by 20% annually, I can approximate the annually cost of rent at a fix amount of 6000 dollars, and 5 years would be 30k USD
I looked at the selling price of similar apartments nearby, average is around 130k USD. I'm kinda tempted and asked some friends if it's possible for a foreigner to buy apartments here. Some say no, some say maybe.
Has anyone, without argentinian citizenship or permanently residency, bought property here?
As for now, I understand that it's nearly impossible to get money out of argentina. Does it imply that buying an apartment here would be a "life-time" commitment to argentina? given that you wouldn't be able to sell the property and bring the cash back home.
thanks