Th official rate is observed by the government.
You pay in USD, CASH. so the peso rate is irrelevant, the prices are determined in USD and don't fluctuate when peso devaluatesSince one pays usd, how is the peso price determined. Which rate is accepted?? For example, what will be the “honest” peso rate in the sale deed today?
Also true what you say.You pay in USD, CASH. so the peso rate is irrelevant, the prices are determined in USD and don't fluctuate when peso devaluates
Good properties are not cheap. Location is the most important. Retiro, Recoleta, certasin streets-best one go from Avda. Sta.Fe towards the rivet which is Avda Kiberyafor or Avda Figueroa Alcorta all the way to North American Embassy. Thrse are top, than u have Belgrano, Villa Crespo, etc.Hi all, I’m an Argentinian-Canadian considering retiring in Argentina. I haven’t been in Argentina since I was 12 except for a few visits no more than 2 weeks long over the decades.
When I check houses or apartments, the prices seem too high for a Latin American country and most of them are in USD. I wouldn’t buy unless is a safe and quiet neighbourhood.
My question is: are those prices real or exaggerated and people settle for less? And how do you transfer the money if there are restrictions on foreign currency?
Is it better to pay in full or apply for a mortgage and invest the money? And what about buying on paper ( when building is still in plans)?
We are looking into five to six years from now, plan ahead, visit and rent to choose the barrio well, and either BA o a smaller city such as Mar del Plata
Any ideas are welcome
then it must be an official rate, can't be blue, can't even be solidario - logically, but logic in arg is an oxymoron...unless there is 'a dolar inmobiliario', just like 'dolar soja' hehe...anybody knows?Also true what you say.
However, the sale deed is written in pesos..so that's why my question. And one sells, the capital gain tax is also in pesos.
As far as we know the transaction is carried in US$ cash, bill counting machines are provided and suitcases for the bills must be provided.BYOS..7
I would be very surprised if a seller would accept the official rate in peso (ie you buy an apartment for 100k usd, then the seller obviously wants 12m pesos and not 7m pesos.).
Over the last few months there have barely been any transactions. If the market will open again, it will certainly be a buyer’s market (the question is, whether the prices will fall 10, 20 or 40%). But there will be plenty of objects on the market. What I would do: Look out for a seller who is interested to have the money wired to a foreign account. So instead of transferring the money here to Argentina (which will cost you a few percentage points in commission), you will have additional bargaining power. And there are plenty of house owners who want to have the money abroad.
That is what greed will get you - PIGS GET SLAUGHTERED!As far as we know the transaction is carried in US$ cash, bill counting machines are provided and suitcases for the bills must be provided.BYOS..
A lady I met sold a property and was driving away with her son , 20 blocks later at a Traffic light was robbed at gun point.. 2017 in Recoleta.