Real estate prices in CABA

[Stephano]

Do you think real estate prices in CABA will go up in the near future?
I keep hearing that this is going to be the case, because of the “apto credito” or the “blanqueo”, but checking in Argenprop and Zonaprop it does not look to me like it, at least right now.

Trying to get a feeling on whether it is better to buy now or wait.

 

[jbeas176]

don’t try to time teal estate or the stock market is my advise. look around and if you find find something you like make an offer that suits you. make your own luck. i had my unit on the market for six months 10 years ago for 195,000. i was offered 125,000. i didn’t need the money so i am still here and need it less now.

 

[Lanick]

Apart from certain upscale areas, I don’t think that’d be the case in the near future. Europe is full of Argentines who also hold an EU passport. Mainly the UK, Italy,Spain, Germany and Netherlands. These are professional white collard people who have established themselves there and would not return back. And these people are in millions! These are the ones who’d create a demand for the property market but that’s not the case. A lot of people are trying to sell properties even the ones living in Argentina. I know a few people who sold in BsAs and bought in Miami, Ibiza, Mallorca. They are renting them out on Airbnb and live in a rental property in BsAs. The rent they get makes them live in BsAs comfortably. Even Nordelta prices went down.

 

[LuckyLuke]

Do you think real estate prices in CABA will go up in the near future?
I keep hearing that this is going to be the case, because of the “apto credito” or the “blanqueo”, but checking in Argenprop and Zonaprop it does not look to me like it, at least right now.

Trying to get a feeling on whether it is better to buy now or wait.

As jbeas mentioned, trying to time the market for the purpose of flipping a property is a risky game. Even when values go up, liquidating it is not guaranteed. A better calculation would be the cost to rent vs the cost to own and the ROI of the two. There are many viewpoints on whether renting or owning is better overall for a portfolio and it largely depends on the cost of ownership (initial investment, property taxes, maintenance) and the loss of other potential returns available with competing investments. Personally, I would not recommend buying down here unless you are prepared to make no profit on the future sale and will not need the funds invested to purchase it anytime soon.

 

[Stephano]

As jbeas mentioned, trying to time the market for the purpose of flipping a property is a risky game. Even when values go up, liquidating it is not guaranteed. A better calculation would be the cost to rent vs the cost to own and the ROI of the two. There are many viewpoints on whether renting or owning is better overall for a portfolio and it largely depends on the cost of ownership (initial investment, property taxes, maintenance) and the loss of other potential returns available with competing investments. Personally, I would not recommend buying down here unless you are prepared to make no profit on the future sale and will not need the funds invested to purchase it anytime soon.

Thanks!
Very insightful.