Real estate

  • I'm impressed with reading that the real estate is already guaranteed to fall 40%..... hahaha...... Argentina is so BoBo I cannot describe!!!! It's so obvious that the real estate sector have decided to bring out this statement to get the real estate market moving after many bad months/years!!!! They want to persuade the sellers to lower their prices so that buyers suddenly stand line to buy!!!! You are seriously ignorant if you believe that things happen like that! Yes there is room for prices to fall, but nobody know how much, when or how long time from now it will happen!!!! After many years I have learned how predictions turn out.....Dr doom, Roubini, was always a doomsday guy......I remember him predicting the disasters....that was when Dow Jones was by 5000 first time.....now it's by 20.000, after 2 or 3 financial crises, several terror attacks and and and.

    I read in the other site a lot of expats already counting their coins to buy a million dollar property for a few bucks..... hilarious! All the predictions are tied to 2001/2002 when the dollar was pegged to the peso and then got floated and lost 75% in short time. That was the main reason for the huge drop in real estate prices. This is not the case today!

    Still today real estate in a metropole like BA is cheap compared to most similar type of cities around the world!


    Just find it hilarious that serious news media can post predictions like that.....just unserious! And obviously it's something that have been orchestrated by the real estate sector......!

  • yea, the point is exactly that: who would be buyer right now???? People are not focused on doing any real estate deal at the moment. With one exception: I heard that many people are thinking of relocating to places with garden , Terrass etc. The outer skirt barrios especially, closed neighborhoods, have had a lot interest.

    The price drop announcement have been made by the real estate industry....

    I have a friend that has a real estate office....his last 12 months before the virus was a disaster.....no deals or very few.

    So the last 1.5 years have been a disaster for real estate offices.

    I think the prices will go down, because you will have bankrupt businesses that will need to liquidate.....but not the way the media describe it "property owners accepts offers 40% below value"......it's properly similar to the wine offers by coto 40% reduction on an overpriced bottle hahaha

  • When Italy entered the lockdown, soon followed articles on how properties in the cities (like Milan or Rome) with some open-door space (big balcony, terrace, especially if private, or garden) were going to benefit the most from the virus.


    Many people who live in the city have a second home either on the sea or on hills or mountains as a vacation home. Italians were caught by surprise and didn't have time to flee to their second homes, but a lot of porteños went or tried to go to the Costa Atlantica as soon as the lockdown was announced.


    Personally, I don't think a huge drop will happen given the current situation, but if Alby & Co. manage to really destroy the Argentinian economy, this will be reflected in prices, garden or no garden.

  • serafina .......so funny or?

    I would say it's a little bit late to get in the idea to move to countryside,if it's only because of quarantine.....


    Just read that the escrituras in total was 7 last month in CABA....... hahaha.....talk about being f@$#$d

    The real estate and escribanos make most of their money on sales.

    So it's obvious they are behind the "news".


    The real estate market was over priced the last decade......now even more overpriced.....just like the stock market hahaha.....

    Anyway when the news comes that the market is gonna triple in short time, it's time to sell!!!

  • but if Alby & Co. manage to really destroy the Argentinian economy, this will be reflected in prices, garden or no garden.

    we are by the last breaths......

    Everything destroyed YES, but it won't be 3.5 more years ranting back and forward.....no way it will happen.

  • I would say it's a little bit late to get in the idea to move to countryside,if it's only because of quarantine.....


    Just read that the escrituras in total was 7 last month in CABA....... hahaha.....talk about being f@$#$d

    The real estate and escribanos make most of their money on sales.

    So it's obvious they are behind the "news".

    I think a lot of people went into 'survival mode' for 24 hours and cussed because they didn't move to the countryside and practice self-subsistence because the Apocalypse was about to come.

    Then they realized that there is no hospital there, and historically the Argentinian countryside is unsafe.

    Further later on they realized the only places which will be restocked and properly served are the richest neighborhoods of the Capital.

    A lot of (mental) fluctuations in just two months and without the actual ability to go in one direction or another because we were all blocked in a place and notaries were not working.


    But in places like NYC a lot of people flew the city as soon as things started getting bad, whether they went to the Hamptons, upstate or to a different State. There were wealthy New Yorkers who threw money at real estate agents in the Hamptons to seek shelter in one of the mansions/properties up for rent, packed their car and pretended to find a property ready for them by the time they arrived to their destination.


    Don't forget that the commission of the escribano is on the actual amount paid, not on the amount stated in the contract. So if the report on real estate sales will be based on the registered values (valores escriturados), they were already lower than the the actual ones.


    On FB some expats are looking for properties in gated community far from the Capital 'to spend the quarantine'.


    Pilar and Escobar are the New Hamptons! How posh!

  • serafina those expats posting those things are trolls sorry.....

    Read the full threads......

    Doubt that any of them have the money or real intention to do it.......and if they had, why not just use airbnb......so easy!


    The stories from NY was real and true.....saw a long program about it.

    If u have money in New York, u might have enough for a "cottage"......

    Maybe not Hamptons but somewhere else up state.