Newcomer Buying a property in Argentina

[Johnny]

Thank you for posting this! I am just seeing this. Wait! So does this mean that if someone agreed to buy a pozo construction and made monthly payments the price could jump up each month??? That is crazy. So in January the price on the property would go up 14.2%! Looking at this if I am understanding it February is 8.7%, March 3.9%, April 4.7%, May 4.3% June 4.3% July 2.1% August 2.5% more?!

I guess if the blue dollar is going up it wasn't so bad but in this kind of situation where the dollar is getting weaker then your payments keep increasing each month and you have to pay more! I did not know the new constructions were like this. No wonder the property prices keep moving up so much.

I bought a place last year in Palermo and there was an option to pay in installments but @earlyretirement warned that this could be a possibility. He said to avoid this kind of situation. I ended up just paying for the entire apartment ahead of time to lock in the rate. I got really lucky! He even negotiated to get a $500 dollar per month rental until the building was done. I'm getting my apartment next week. I just bought another apartment in a new building from the same developer. I will have paid for the apartment before it's done but I locked the price in dollars.

I can't wait to come to stay in it in January.

 

[RN in BA]

I bought a place last year in Palermo and there was an option to pay in installments but @earlyretirement warned that this could be a possibility. He said to avoid this kind of situation. I ended up just paying for the entire apartment ahead of time to lock in the rate. I got really lucky! He even negotiated to get a $500 dollar per month rental until the building was done. I'm getting my apartment next week. I just bought another apartment in a new building from the same developer. I will have paid for the apartment before it's done but I locked the price in dollars.

I can't wait to come to stay in it in January.

@Johnny my dream is to own a property in BA and someday live there. I wanted to buy there last year and almost wish I bought. I am worried by the time I am ready to buy there the prices will be double. Prices from last year have really gone up! Are you going to rent out your property on a long term lease or do short-term?

 

[Johnny]

@Johnny my dream is to own a property in BA and someday live there. I wanted to buy there last year and almost wish I bought. I am worried by the time I am ready to buy there the prices will be double. Prices from last year have really gone up! Are you going to rent out your property on a long term lease or do short-term?

Last year was definitely the time to buy. I am glad I jumped on the unit that I bought. Prices were very cheap. They still aren't too bad now but it seems like property prices keep moving up. I waited a few months to buy my second property as I wanted to see how my first turned out because it is the same builder. Just in a few months time the property price went up so that is why I jumped on my 2nd.

I will come down and use my apartment a few times each year. The seasons are reverse so when it is winter in the States it's summer in BA. I like that. I will also go skiing down in Bariloche. I am coming down next month to check my place out. I will rent it on Airbnb when I'm not here.