JP Morgan announces significant plans to expand it's presence in Buenos Aires

[BuySellBA]

Our company has forecasted last year once President Milei began that corporations will eventually expand operations in Buenos Aires. A lot of work still needs to be done including ending all currency controls (CEPO) but it will happen and you will see more and more companies expand or start operations in Buenos Aires.

🇦🇷JPMorgan Chase & Co. has announced significant expansion plans for its corporate center in Buenos Aires, Argentina. The global financial entity aims to increase its presence in Argentina.

✅Hiring: JPMorgan plans to add 1,500 new employees to its Buenos Aires corporate center.

✅Timeframe: The expansion will take place over the next five years.

✅Focus Areas: Growth will center on technology, operations, finance, and legal services.

☑️Current Employees: The bank already has 3,500 employees working at the global center in Buenos Aires.

☑️Establishment: JPMorgan opened its branch in Argentina in 1948, and the Buenos Aires strategic center was created in 2014.

☑️Global Hub: Buenos Aires is consolidating as one of JPMorgan's global centers for key services.

🔑Strategic Advantages: Argentina offers skilled labor, English proficiency, and alignment with U.S. time zones.

💎Real Estate Plan: The company is working on a long-term plan to accommodate the expanded team.

Argentine Market: JPMorgan has observed great interest from investors in visiting Argentina with Javier Milei's new government.

Expectations: More activity is expected in capital markets and mergers and acquisitions in the coming year.

This expansion reflects JPMorgan's ongoing commitment to Argentina and its confidence in the country's potential as a strategic hub for its global operations.

@BuySellBA is already seeing more and more corporate travel to Argentina and this trend will only continue. Companies like ours will provide luxury housing to corporate travelers looking to stay in upscale properties with the fastest 1 GB speeds. We already have experience providing this type of corporate housing to the USA Embassy as well as many foreign owned companies.

They largely pulled out of Buenos Aires the past several years but more and more companies will set up shop here as the CEPO is going to eventually end.

Buenos Aires should become a technology and AI hub over the next several years in line with our modeling and forecasting once President Milei got elected.

https://twitter.com/x/status/1867309768978620783

 

[Betsy Ross]

Wow this is incredible news! It seems like more and more companies are expanding their operations in BA. This should be great for the economy. Salaries will probably go up.

 

[earlyretirement]

This is the type of thing that I forecasted last year once President Milei got elected. Once the CEPO ends you will see the pace accelerate of companies that will start operations here and companies already here expanding their teams. The ones that will be in the driver's seat are going to be highly educated locals who are fluent in English. There is going to be strong demand for these people. I am also predicting that you will see the "brain drain" of people that left Argentina come back to Argentina over the next few years as salaries increase and more opportunities present itself and general overall quality of life goes up.

Salaries should continue to increase. I made this same kind of modeling and forecasting after the corralito. Funny how everyone said it was luck but I posted all of it ahead of time. Great times for Argentina are coming.

 

[Johnny]

💎Real Estate Plan: The company is working on a long-term plan to accommodate the expanded team.

This is my favorite part of that post! I hope to rent out my new penthouse apartment to some wealthy JP Morgan executives! I will settle for Google or Shell too. Things really turned out how you told me they would @earlyretirement! Thanks.

 

[Vince]

Seems like a steady stream of good news almost daily on Argentina. My Argentine stocks keep going up and up and up. There is a lot of international confidence of Milei. This bodes well for Argentina. My sister just bought a property so this sounds like good news to you. @Johnny is your place done? Will you do long term rentals or short term rentals?

 

[Blockchain]

Do many people in BA speak English? I was surprised as I thought more people would speak English. I did meet some people that spoke English ok but most people that I ran into in stores, the street, even restaurants couldn't speak English too well.

 

[Uncle Wong]

Do many people in BA speak English? I was surprised as I thought more people would speak English. I did meet some people that spoke English ok but most people that I ran into in stores, the street, even restaurants couldn't speak English too well.

I had the same experience. I kept hearing how Argentina had a really high English-speaking population but I didn't find that true at least in the places I went. I found quite the opposite. My Spanish is ok. It is conversational and I didn't have problems but I didn't think many spoke English there.

 

[James Bond]

I had the same experience. I kept hearing how Argentina had a really high English-speaking population but I didn't find that true at least in the places I went. I found quite the opposite. My Spanish is ok. It is conversational and I didn't have problems but I didn't think many spoke English there.

For actual number that are totally fluent I think it's probably less than 10%. Many have intermediate or basic English skills but I'd guess probably only 20% including that. You would think it would be higher but many don't speak it at all.

 

[Avocado]

Many probably understand and do understand a little but don't like speaking English. Ironically many of the older population speak it and learned it growing up. It is good that more foreign companies are entering Argentina again. Incentive for people to study and get fluent. The best opportunities will be for people that speak some English. All my family members speak English. We learned growing up.

 

[JonJLA]

This is my favorite part of that post! I hope to rent out my new penthouse apartment to some wealthy JP Morgan executives! I will settle for Google or Shell too. Things really turned out how you told me they would @earlyretirement! Thanks.

You have good timing if you bought last year Johnny. Prices will never be that low again on real estate. I am kicking myself for not buying another apartment. I just rented my apartment in Palermo Soho for one year to a company. So I will need a place to stay on my visits. I will contact you. I couldn't justify keeping my place empty as I am not coming down as often now and busy with work. Plus the prices went up quite a bit so less incentive to visit but I do love BA.

 

[Johnny]

For actual number that are totally fluent I think it's probably less than 10%. Many have intermediate or basic English skills but I'd guess probably only 20% including that. You would think it would be higher but many don't speak it at all.

I was actually impressed when I went to BA last year. Everyone I met up with all spoke really great English fluently. But probably because I was in so many business meetings. I met up with lawyers, bankers, property developers, architects, realtors, and employees and friends of earlyretirement and all spoke English really well.

I guess in restaurants I didn't pay attention but for two weeks everyone I met all spoke perfect English. I did a lot of dinners out and went to a big asado and everyone spoke English. I thought that was the norm.

You have good timing if you bought last year Johnny. Prices will never be that low again on real estate. I am kicking myself for not buying another apartment. I just rented my apartment in Palermo Soho for one year to a company. So I will need a place to stay on my visits. I will contact you. I couldn't justify keeping my place empty as I am not coming down as often now and busy with work. Plus the prices went up quite a bit so less incentive to visit but I do love BA.

Yes! I got lucky. I own several properties in the US but didn't start investing in Latin America until about 6 years ago. Bought my first place in Mexico (pozo) in Guadalajara and it was a home run. Then bought another in Mexico that they are building now which was another Pozo and done in September 2025. Feel so fortunate to have jumped in when I did.

Sure @JonJLA feel free to PM me and I'd be happy to rent my place out to you. It should be all decorated and furnished by next month. I am planning to come down and stay in it. Very busy with work but I hope I can come. Congrats on the year long booking.

 

[brandon]

I was actually impressed when I went to BA last year. Everyone I met up with all spoke really great English fluently. But probably because I was in so many business meetings. I met up with lawyers, bankers, property developers, architects, realtors, and employees and friends of earlyretirement and all spoke English really well.

I guess in restaurants I didn't pay attention but for two weeks everyone I met all spoke perfect English. I did a lot of dinners out and went to a big asado and everyone spoke English. I thought that was the norm.


Yes! I got lucky. I own several properties in the US but didn't start investing in Latin America until about 6 years ago. Bought my first place in Mexico (pozo) in Guadalajara and it was a home run. Then bought another in Mexico that they are building now which was another Pozo and done in September 2025. Feel so fortunate to have jumped in when I did.

Sure @JonJLA feel free to PM me and I'd be happy to rent my place out to you. It should be all decorated and furnished by next month. I am planning to come down and stay in it. Very busy with work but I hope I can come. Congrats on the year long booking.

Johnny good timing. I see pricing much lower on pozos especially when they are starting. How are you finding these projects? Did you have inflation adjustments on the payments? I have some friends that bought pozos beginning of last year and they are getting absolutely killed on the payments because of the dollar going down and inflation adjustments. One friend jokes he bought one apartment but is paying for 2! Did you have to adjust your payments?

 

[Johnny]

Johnny good timing. I see pricing much lower on pozos especially when they are starting. How are you finding these projects? Did you have inflation adjustments on the payments? I have some friends that bought pozos beginning of last year and they are getting absolutely killed on the payments because of the dollar going down and inflation adjustments. One friend jokes he bought one apartment but is paying for 2! Did you have to adjust your payments?

Yes I got lucky on the timing. Pozos are interesting. So far all the properties in Latin America I have purchased were pozos but you have to be careful as they can have a lot of risk. You have to go with an experienced builder. I have an investment advisor and I have piggy backed on several deals where he has purchased in the projects. His friends are all developers in Mexico and been around a long time. In Mexico over 25 years and they build a lot of buildings. My property in Guadalajara doubled in the time that I bought it and the rental income is solid. That first one was in Mexican pesos and I got really fortunate that that exchange rate was favorable when I bought it. In Cabo where I bought my second property that they are building now it was in USD. I paid 50% up front and the 2nd payment isn't due until I take possession. It has also gone up quite a bit in value.

In BA my first purchase was in a Pozo of a building that a little over a year from being finished. I got possession this month and furnishing it. Sweet deal on that as I paid the entire thing up front but @earlyretirement negotiated to get $500 USD per month rent until the building was finished and I got my unit. They paid like clockwork each month. Unfortunately those deals aren't available anymore as developers are swamped now with requests. Last year when I bought it was before the market turned and they were more eager to sell.

I bought my 2nd pozo last month. I should have jumped in sooner as the price jumped up several times while I was deciding to buy. Developers rarely will lock in the price in dollars. I got a USD price. I paid 50% and then I have to pay the other 50% in payments starting next year and have to pay every 6 months. I don't have to worry about inflation or the exchange rate.

I met an American while I was in BA and he bought in a pozo with another developer. He got stuck just like you mentioned. I just talked to him the other day and he regrets buying in pozo payments in pesos. I would never buy without knowing what my fixed cost will be.

 

[Jenn]

My friends say most people don't speak English but very easy to get around with no Spanish at all.

Yes I got lucky on the timing. Pozos are interesting. So far all the properties in Latin America I have purchased were pozos but you have to be careful as they can have a lot of risk. You have to go with an experienced builder. I have an investment advisor and I have piggy backed on several deals where he has purchased in the projects. His friends are all developers in Mexico and been around a long time. In Mexico over 25 years and they build a lot of buildings. My property in Guadalajara doubled in the time that I bought it and the rental income is solid. That first one was in Mexican pesos and I got really fortunate that that exchange rate was favorable when I bought it. In Cabo where I bought my second property that they are building now it was in USD. I paid 50% up front and the 2nd payment isn't due until I take possession. It has also gone up quite a bit in value.

In BA my first purchase was in a Pozo of a building that a little over a year from being finished. I got possession this month and furnishing it. Sweet deal on that as I paid the entire thing up front but @earlyretirement negotiated to get $500 USD per month rent until the building was finished and I got my unit. They paid like clockwork each month. Unfortunately those deals aren't available anymore as developers are swamped now with requests. Last year when I bought it was before the market turned and they were more eager to sell.

I bought my 2nd pozo last month. I should have jumped in sooner as the price jumped up several times while I was deciding to buy. Developers rarely will lock in the price in dollars. I got a USD price. I paid 50% and then I have to pay the other 50% in payments starting next year and have to pay every 6 months. I don't have to worry about inflation or the exchange rate.

I met an American while I was in BA and he bought in a pozo with another developer. He got stuck just like you mentioned. I just talked to him the other day and he regrets buying in pozo payments in pesos. I would never buy without knowing what my fixed cost will be.

I read a few posts on X and it sounds like a lot of people got stuck paying higher payments. My friends know a few people that are making payments and price is much higher now with inflation. It seems crazy to me buying a place and agreeing to that!

 

[Finance Prof]

My friends say most people don't speak English but very easy to get around with no Spanish at all.


I read a few posts on X and it sounds like a lot of people got stuck paying higher payments. My friends know a few people that are making payments and price is much higher now with inflation. It seems crazy to me buying a place and agreeing to that!

Well a lot of people don't have a choice. A lot of people on the pozo plans don't have all the cash to buy at once. So they had no choice. Mortgages here aren't fixed like the US either so they can also change.