Looking For A Flat To Buy

[mariano-BCN]

indeed, solodueños is a good source. And indeed: I made the decision 'cause coming years I'll be for long periods here. And now I'm payin too much for short terms rents.
I've a bank account in the Netherlands and have the time and lots of choice here so no hurry and for sure that I as a buyer with euros/doillars and a foreign bank account am at a good negotiation position.

 

[ajoknoblauch]

indeed, solodueños is a good source. And indeed: I made the decision 'cause coming years I'll be for long periods here. And now I'm payin too much for short terms rents.
I've a bank account in the Netherlands and have the time and lots of choice here so no hurry and for sure that I as a buyer with euros/doillars and a foreign bank account am at a good negotiation position.

More complicated process now, though, than when we did so 2002.

 

[mariano-BCN]

for those having a flat to sell: information and pics are welcome at mariano(at)slutzky.eu

 

[lamarque]

The Argentine property market is highly overvalued. The reason being that it is one of the few places you can stash your money and protect against inflation.

If you believe the current government can continue their policies indefinitely then it should hold its value.

However if you believe that it is eventually going to blow up - and/or currency restrictions will eventually be relaxed or removed. That money will flow out of real estate like a tsunami seeking better returns.

I agree with you in this, but you have to thing as well that if a better government come and they do the things properly there will be loans to get your house available and cheaper so in one way it goes down the demand because is not so necessary anymore as refuge of inflation but in the other hand it rises up because of loans make people more willing to buy so demand goes up. So always when you analyze the Argentine real state you have to remember that is a market that work purely in cash, demand will skyrocket if loans will be widely available to get house, in the other hand for that to happen inflation have to come down and that will put less demand on real state as a way to save.

 

[Joe]

I agree with you in this, but you have to thing as well that if a better government come and they do the things properly there will be loans to get your house available and cheaper so in one way it goes down the demand because is not so necessary anymore as refuge of inflation but in the other hand it rises up because of loans make people more willing to buy so demand goes up. So always when you analyze the Argentine real state you have to remember that is a market that work purely in cash, demand will skyrocket if loans will be widely available to get house, in the other hand for that to happen inflation have to come down and that will put less demand on real state as a way to save.

This is a good point. Another factor going against future house price rises is that people are not saving because of inflation. They are buying TV, luxury cars, etc. When the country returns to normal policies, a lot of people won't have the money even for a down payment because they spent every last centavo avoiding inflation. Another example of bad government policies causing malinvestment.

 

[Dublin2BuenosAires]

Even with a change of govt, which is far from guaranteed, inflation will not come down overnight. A new govt would have to repeal a variety of current policies and tackle the sizeable and expensive problem of re-engagement with credit markets before inflation budges much. Until a sensible rate of inflation exists the mortgage market will be flat.

 

[Rich One]

Investing in bricks will always be a good investment, In the long Run. (Maybe long run)

 

[mariano-BCN]

investment in property may be indeed not secure but I prefer to buy than to pay so much for too high rents. And indeed too: I don't see a change of economic policy, even with a change of government which is highly not sure, however that would be wise for this country.
The only thing that keeps me away of buying properties Ive seen so far is the very bad state (toilets and kitchens from the '70s) and the astonishing high prices people are asking for that crap. No surprise nobody is buying.
I saw yesterday a flat 60m2 in Almagro, in pics it looked good but once you're inside you see the crap, and they r asking 120 thousand dollar!

 

[Fredd]

to start with
if you buy a car you go with a mechanic to have a prof opinion, Am I rigth?
to buy a property someones encourage you to go directly to the owner.
What do you know about, certificados? titulos de propiedad? inhibiciones? planos? autorizaciones de ventas? etc?
so get a prof if possible.
Is better to pay someone for it, and not having a major problem later with large amounts of money.
and by the way, in my opinion the real estate market isnt paralized, but slow.
Prices are NOT coming down, cause dollar rises and no one wants the peso in their poquets any more
If you want to buy the moment is rigth now. ( trust me)
if you pay cash,try to pull down the price 8%,
regards
Fredd

 

[mariano-BCN]

yeps, Fred, therefor I contacted a lawyer, a notary -both to check the paperwork- and a "perito arquitecto" to check the status and quality of the flat. But their jobs starts when I choose a flat I'm interested in, not before.