Buying Real Estate in BA

[Ceviche]

You have a point....comparative example: Monserrat, monoambiente US$40K, expensas AR$2500, photos provided.

Lima 100 P2 Centro Monoamb. Frente Apto Prof. Oportunidad!

Oportunidad!! Monoambiente al frente. Luminoso. Apto Profesional. Cocina independiente con muebles alto y bajo mesada. cocina y termotanque...

www.zonaprop.com.ar

But....
"Beauty (and the LOCATION of the bldg within each neighborhood) is in the eye of the beholder".

Not more than 20,000 usd for that hole in the wall.

 

[gracielle]

Not more than 20,000 usd for that hole in the wall.

Example of a sales price closer to the amount you posted...US$90K
Monserrat, monoambiente US$82K, expensas AR$2400, photos provided.

Venta - Calvo Carlos 1600

Ambiente Único. Living/Comedor. 1 baño(s). 2 cochera(s). Entre medianeras. Al frente. Vista a ciudad. Luminoso. En muy buen estado. Orien...

www.zonaprop.com.ar

My point is that advertised sales of monoambientes within Monserrat appear to run the gamut.

 

[garryl]

Not more than 20,000 usd for that hole in the wall.

The hole in wall is worth 200k in Tokyo.

 

[Ceviche]

The hole in wall is worth 200k in Tokyo.

I have lived in Tokyo for 6 months. Thats why I did not emigrate there.

 

[samsam]

Interesting, but.. assuming BA is more desirable to you or anyone else listening, then wouldn't that make the property that's (extremely) less here a better value?

 

[Silviatic]

Infobae estimating up to a possible 40% reduction in USD pricing.

Las inmobiliarias retornaron a la actividad, pero ya proyectan una caída de los precios de hasta 40% en dólares

Los protagonistas del sector en la Ciudad de Buenos Aires creen el mercado se mantendrá contraído por efectos de la pandemia, tanto en las unidades usadas como a estrenar. Sólo 9% logró cerrar contratos de alquiler y apenas 7% pudo avanzar con operaciones de compraventa

www.infobae.com

Maybe that means that for people like me (I don't have a lot, still with a mortgage in Canada), is convenient to wait until the prices fall? I want to buy, my sister-in-law (who I trust completely) lives there and she could be looking at properties for me. I'm buyig for the future retirement, with the idea of renting for a few years until we need to move.

 

[on the brink]

Rentals are yielding very little right now, plus there is new legislation favoring renters versus owners. Checking local regulations would be worthwhile.

 

[Rich One]

Atención inquilinos: expertos alertan que ya se renegocian alquileres con subas de más del 40%

La ley de alquileres podría entrar en vigencia la semana próxima. Estos son los puntos que preocupan a propietarios y celebran inquilinos

www.iprofesional.com

Attention tenants: experts warn that rents are already renegotiated with increases of more than 40%

The approval of the rent law, which could be promulgated this week, generates uncertainty in the owners due to the extension of the term and the indexation controlled by a coefficient, which are for tenants the main achievements of the regulation, according to sources from the sector consulted by Télam.

The rental law approved in the Senate on June 11 has a term of ten working days for its promulgation or veto, and publication in the Official Gazette, so it should enter into force this week, regardless of the regulations that require some items.

New rental law: controversial points
For the owners, the points that make the most noise are linked to the indexing mechanism and the terms of the contracts.