GS_Dirtboy
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Uruguay will be banning real estate sales in cash and other cash payments. We are expecting this to come to another friendly SA populist country near you soon!
There is every reason to believe Argentina will do the same thing. If that happens then sellers here will only be able to get Pesos for their properties. You'll be on your own for changing those Pesos to Dollars and getting Dollars out of the country. I am not a pessimist but this certainly will not be good for the non-resident sellers' market.
http://www.buenosairesherald.com/article/168152/uruguay-bans-all-cash-payments-over-us$5000-as-of-next-year
Fortunately, the market is currently strong for non-resident sellers but buckle your seat belts.
Have a great day!
GS
There is every reason to believe Argentina will do the same thing. If that happens then sellers here will only be able to get Pesos for their properties. You'll be on your own for changing those Pesos to Dollars and getting Dollars out of the country. I am not a pessimist but this certainly will not be good for the non-resident sellers' market.
http://www.buenosairesherald.com/article/168152/uruguay-bans-all-cash-payments-over-us$5000-as-of-next-year
Fortunately, the market is currently strong for non-resident sellers but buckle your seat belts.
Have a great day!
GS