is this the right time to buy a flat in Argentina?

[Iznogud]

If you plan on not selling the property you buy now in the next decade... for sure better than keeping your pesos in a bank or under your bed.. other wise
Your advice:
Iz no gud

It's clear to me now that your difficultes come not from reading but from understanding.

 

[cbphoto]

You are correct, in that I have no idea what you are talking about.. seemingly.. you don't either. Nothing personal

 

[mariano-BCN]

thanks for the many interesting replies. i understand it's not now or coming year the moment to buy. I'm 47 years, I live now in Amsterdam and have my money here.
I only need a flat in BsArs 'cause I go nearly every year, but sometimes I don't travel there for 3 or 4 years. On the other hand: it makes me sick to pay short term rent prices in BsArs, it's outrageous expensive for crap quality!
So all things considered I guess the best thing I can do is keep my money at Dutch banks or eventually buy a property in sunny Spain now prices are there so low compared to here.

 

[ghost]

Wait.
People are selling at half the asking if you have dollars or Euros. But it's going to get better. Fast. Wait

 

[ghost]

thanks for the many interesting replies. i understand it's not now or coming year the moment to buy. I'm 47 years, I live now in Amsterdam and have my money here.
I only need a flat in BsArs 'cause I go nearly every year, but sometimes I don't travel there for 3 or 4 years. On the other hand: it makes me sick to pay short term rent prices in BsArs, it's outrageous expensive for crap quality!
So all things considered I guess the best thing I can do is keep my money at Dutch banks or eventually buy a property in sunny Spain now prices are there so low compared to here.

Good idea. i you invest in Argentia you may get screwed. If not on the way in, then surely on the way out.

 

[mariano-BCN]

Ghost, I know Argentina sucks sometimes but not all sellers and buyers are devils.

 

[steveinbsas]

Wait.
People are selling at half the asking if you have dollars or Euros. But it's going to get better. Fast. Wait

Let's put this to a simple test next week. If anyone is walking past a real estate office in CF, just go in and ask to see the properites that could be bought in dollars or Euros for half the listed price.

Then please post the name of the office and any links to the properties that are available at such a deeply discounted price.

 

[demokritos]

Wait.
People are selling at half the asking if you have dollars or Euros. But it's going to get better. Fast. Wait

Sounds good, where do I sign?

 

[citygirl]

I havent heard of that large a discount but if you have dollars or euros, it definitely helps negotiate. Lots of sellers seem to be interested in getting dollars so they'll put the en blanco part here in pesos at the lowest possible value and then want the dollars in hand or deposited outside of Argentina in an account.

 

[earlyretirement]

Wait.
People are selling at half the asking if you have dollars or Euros. But it's going to get better. Fast. Wait

Huh? This isn't the case at all. I sold my property in dollars and I have many other friends that have also recently sold. They demanded dollars and most of us are getting paid outside of Argentina.

I kind of laugh at the posts that say owners are willing to give huge discounts to get paid in dollars. This just isn't the case.

The true value of properties is in USD and probably always will be no matter what the government says should be accepted.

Am I saying that real estate in Argentina is a good investment today? Absolutely not. Am I saying you can't get your dollars out in dollars? Nope. Because there are ways around getting paid in pesos.

However, real estate is always a good idea if you're in it for the longer term. You can get killed in ANY country trying to flip real estate or hold it short term.

The buy side costs are high in Argentina when you factor in BUYER side realtor's commissions, stamp taxes, legal fees, costs to legally get your money into Argentina. Then on the sales side you have to think about seller side realtor fees, stamp taxes, transfer taxes, cost to get permit from AFIP to sell the property as a non-resident.

All the while owning it you have ABL taxes (which keep going up), annual asset taxes, income tax on rental income, etc.

FAR better places in the world for real estate on investment properties with the option to potentially leverage and interest rates are dirt cheap now in places like the USA.

But if you are living in Buenos Aires for the long-haul or indefinitely or plan to hold long term....buying can make sense.