Real estate sales are heating up: price increases of up to 20% are expected before the end of the year

[Bingo]

Wow I saw this article today. I keep seeing prices go up on real estate in Buenos Aires each month. Many that I have on my list are selling. This article says prices are expected to go up about 20% before the end of the year! I better buy soon.

La compra venta de inmuebles se recalienta: esperan subas de hasta 20% en los precios antes de fin de año

Con más escrituras y precios en alza, el mercado inmobiliario muestra señales de recuperación. La construcción se estabiliza y mejora el clima para invertir. La Cámara Inmobiliaria y Apymeco destacan un nuevo ciclo de oportunidades

www.ambito.com

 

[Uncle Wong]

Wow I saw this article today. I keep seeing prices go up on real estate in Buenos Aires each month. Many that I have on my list are selling. This article says prices are expected to go up about 20% before the end of the year! I better buy soon.

La compra venta de inmuebles se recalienta: esperan subas de hasta 20% en los precios antes de fin de año

Con más escrituras y precios en alza, el mercado inmobiliario muestra señales de recuperación. La construcción se estabiliza y mejora el clima para invertir. La Cámara Inmobiliaria y Apymeco destacan un nuevo ciclo de oportunidades

www.ambito.com

I saw this on @BuySellBA's X posts yesterday. @Bingo you may want to follow them. They post every day on real estate content. Very helpful! I did an initial consultation with them a few weeks ago and it was very helpful! You may want to talk to Mike. I am flying there in BA and meeting with them in their office and he is showing me his apartment and I'm seeing @Johnny's place too. I can't wait. I am thinking about buying a studio in a new development called Feel Palermo. It is in a great area in Palermo Hollywood.

 

[Blockchain]

I saw this on @BuySellBA's X posts yesterday. @Bingo you may want to follow them. They post every day on real estate content. Very helpful! I did an initial consultation with them a few weeks ago and it was very helpful! You may want to talk to Mike. I am flying there in BA and meeting with them in their office and he is showing me his apartment and I'm seeing @Johnny's place too. I can't wait. I am thinking about buying a studio in a new development called Feel Palermo. It is in a great area in Palermo Hollywood.

I have been following their X account for a year now. It is scary how accurate they have been since I have followed their account. They made a lot of predictions that have all come true about the real estate market in BA.

I also did a consultation with @earlyretirement last month. He told me that another amnesty was coming. Probably informally first and then will try for formal before the elections and sure enough a few weeks later Milei announced it so he obviously has some connections with the government. He told me this last month and said it will push up property prices.

 

[Canada Goose]

The market is definitely hot. I hired @BuySellBA last year to purchase a new construction property and the investment turned out exactly as they forecasted to me when I purchased it. I just posted about my experience selling my unit on another thread. But I made a quick $30,000 USD tax free gain fairly quickly.

The mortgage market is picking up there and sounds like the government wants to get cash from under the mattress. I read new car sales and deposits on pozo apartments are flying.

 

[Betsy Ross]

Wow I saw this article today. I keep seeing prices go up on real estate in Buenos Aires each month. Many that I have on my list are selling. This article says prices are expected to go up about 20% before the end of the year! I better buy soon.

La compra venta de inmuebles se recalienta: esperan subas de hasta 20% en los precios antes de fin de año

Con más escrituras y precios en alza, el mercado inmobiliario muestra señales de recuperación. La construcción se estabiliza y mejora el clima para invertir. La Cámara Inmobiliaria y Apymeco destacan un nuevo ciclo de oportunidades

www.ambito.com

You know the market is hot when my sister bought a place! I've lived in BA for 15 years and she never ever asked me about buying and then last year one day she told me she was going to buy a place here. I was really surprised but she sold a property in California and wanted to put it back into real estate and she was shocked how cheap prices are.

20% upside this year is just crazy!

 

[Anchor Baby]

Well I heard property prices fell 50% from 2018 to 2023 so it sounds like with the way things are going there is a lot of upside left to go!

 

[Bingo]

I saw this on @BuySellBA's X posts yesterday. @Bingo you may want to follow them. They post every day on real estate content. Very helpful! I did an initial consultation with them a few weeks ago and it was very helpful! You may want to talk to Mike. I am flying there in BA and meeting with them in their office and he is showing me his apartment and I'm seeing @Johnny's place too. I can't wait. I am thinking about buying a studio in a new development called Feel Palermo. It is in a great area in Palermo Hollywood.

Thanks! I just followed them and will read all their old posts. Thanks!

 

[BuySellBA]

Thanks everyone for the kind comments about our company. We are very proud and honored to have so many great and wonderful investors and clients over the past 23 years. Our firm has been accurately forecasting Buenos Aires real estate since 2002. We got in at the absolute bottom. Then built up the largest property management company in Argentina. Our company got acquired and then we recommended to our investors to exit the market and take profits in 2017/2018 at the absolute peak of the market.

Then we waited for prices to crash and in July 2023 we recommended to jump back in and prices were done falling. We are very proud of our stellar forecasting and modeling of the Buenos Aires real estate market since 2002.

We predict that in a relatively short period of time we go back to peak prices and surpass them.

 

[Avocado]

The market is definitely hot. I hired @BuySellBA last year to purchase a new construction property and the investment turned out exactly as they forecasted to me when I purchased it. I just posted about my experience selling my unit on another thread. But I made a quick $30,000 USD tax free gain fairly quickly.

The mortgage market is picking up there and sounds like the government wants to get cash from under the mattress. I read new car sales and deposits on pozo apartments are flying.

Milei and Caputo are corrupt! Of course real estate prices will go up if you allow unlimited money laundering!

Clean slates – for greenbacks only | Buenos Aires Times

 

[Wally]

Milei and Caputo are corrupt! Of course real estate prices will go up if you allow unlimited money laundering!

Clean slates – for greenbacks only | Buenos Aires Times

But Argentina has done a tax amnesty for years and years. Every new President. I know they just did one and this one was totally unexpected. I am frankly surprised to see this so soon after the last $30 billion from last year. But the government doesn't care where funds are from. They just want to get dollars from under the mattress.

This should be a huge lift for real estate prices but most will probably be pozos vs. ready to close. People can always flip the pozos and never put it under their name.

 

[earlyretirement]

Argentina has done several tax amnesties in the past and they will do more. I honestly think they should do a Mega Blanqueo to finally get as much cash into the system. I think they should do an official amnesty that is unlimited and would allow any amount as long as they agreed to invest it in a local company, stock market or real estate. I still think that could happen. Boom.

 

[Betsy Ross]

Argentina has done several tax amnesties in the past and they will do more. I honestly think they should do a Mega Blanqueo to finally get as much cash into the system. I think they should do an official amnesty that is unlimited and would allow any amount as long as they agreed to invest it in a local company, stock market or real estate. I still think that could happen. Boom.

If Argentina really did something like that I guess it would finally convince people to move all their money from the mattress. Mike what do you think? Do you really think there is really potentially $400 billion under the mattress from Argentines? Can it be that high??

I don't see why Argentina shouldn't do a great reset. They got $32 billion from the last one and they capped it at $100,000 each. I can only imagine if they did unlimited with promise not to prosecute. If everyone is doing it then no one will fear being prosecuted. The only thing is things would skyrocket and get even more expensive.

If they did that I would assume most people will use it to buy real estate. My sister's husband in LA is an investment banker. He told me if Argentina does this then real estate prices are going to go parabolic. I'm glad I already own an apartment here. My sister just bought one too.

 

[Larry]

If Argentina really did something like that I guess it would finally convince people to move all their money from the mattress. Mike what do you think? Do you really think there is really potentially $400 billion under the mattress from Argentines? Can it be that high??

I don't see why Argentina shouldn't do a great reset. They got $32 billion from the last one and they capped it at $100,000 each. I can only imagine if they did unlimited with promise not to prosecute. If everyone is doing it then no one will fear being prosecuted. The only thing is things would skyrocket and get even more expensive.

If they did that I would assume most people will use it to buy real estate. My sister's husband in LA is an investment banker. He told me if Argentina does this then real estate prices are going to go parabolic. I'm glad I already own an apartment here. My sister just bought one too.

This would be the WORST thing that the government could do for the locals. The prices would go even higher here! Real estate prices are already out of reach for the locals. I am fortunate I already bought but it's to the point I can't even afford it. I bought because BA was affordable but now it is crazy the price of everything.

Food in restaurants is already crazy. I remember when I could go to Chinatown and eat for less than $5.50 dollars for a good meal. Now it can easily be 8 x that price. Chinese restaurants are very expensive now! It is even more expensive than the Chinatown in NYC. I saw this video online and you can see cheap cheap prices in NYC and go here and you will spend a fortune.

 

[Johnny]

This would be the WORST thing that the government could do for the locals. The prices would go even higher here! Real estate prices are already out of reach for the locals. I am fortunate I already bought but it's to the point I can't even afford it. I bought because BA was affordable but now it is crazy the price of everything.

Food in restaurants is already crazy. I remember when I could go to Chinatown and eat for less than $5.50 dollars for a good meal. Now it can easily be 8 x that price. Chinese restaurants are very expensive now! It is even more expensive than the Chinatown in NYC. I saw this video online and you can see cheap cheap prices in NYC and go here and you will spend a fortune.

I call BS Larry. I went to Chinatown several times and we didn't spend $44 dollars each! We went a few times and I thought it was very cheap.

 

[Mother Russia Argentina]

I call BS Larry. I went to Chinatown several times and we didn't spend $44 dollars each! We went a few times and I thought it was very cheap.

There are a lot of different type of people on this board. Seems like both sides exaggerate a little. Those expats and locals that are frustrated with inflation tend to exaggerate and say prices are up 8X and then you have other expats that moved here like @StatusNomadicus that claim no inflation in USD which is also laughable.

The truth is that the truth is somewhere in the middle. Prices have gone up but inflation is slowing down on most things.

 

[Piranha]

This would be the WORST thing that the government could do for the locals. The prices would go even higher here! Real estate prices are already out of reach for the locals. I am fortunate I already bought but it's to the point I can't even afford it. I bought because BA was affordable but now it is crazy the price of everything.

Food in restaurants is already crazy. I remember when I could go to Chinatown and eat for less than $5.50 dollars for a good meal. Now it can easily be 8 x that price. Chinese restaurants are very expensive now! It is even more expensive than the Chinatown in NYC. I saw this video online and you can see cheap cheap prices in NYC and go here and you will spend a fortune.

Food has gone up but it's not $40 bucks for Chinese food in Chinatown Larry!

There are a lot of different type of people on this board. Seems like both sides exaggerate a little. Those expats and locals that are frustrated with inflation tend to exaggerate and say prices are up 8X and then you have other expats that moved here like @StatusNomadicus that claim no inflation in USD which is also laughable.

You get all types on these boards. Just as Larry is exaggerating so are others if they claim no USD inflation in the past year. Some things have stabilized but my electricity and other utilities have gone up. My monthly hoa keeps going up. My insurance keeps going up. Not sure how people can argue typical cost of living in dollars hasn't gone up. Maybe if you stay home and don't do anything and eat ramen.

 

[Bingo]

Not to mention education. I am paying private school for my Novia's kid and the rate keeps going up every 2 months! Crazy! Medical insurance going up too continuously. Same as my condo bills. Unless you are living under a rock and never go out to eat at restaurants or travel around costs have gone up. Fairly significantly.

 

[Wally]

Not to mention education. I am paying private school for my Novia's kid and the rate keeps going up every 2 months! Crazy! Medical insurance going up too continuously. Same as my condo bills. Unless you are living under a rock and never go out to eat at restaurants or travel around costs have gone up. Fairly significantly.

Yep. My kids school keeps raising the prices.

 

[Colin]

I call BS Larry. I went to Chinatown several times and we didn't spend $44 dollars each! We went a few times and I thought it was very cheap.

You can easily spend a chunk of money at some nice Chinese restaurants now. Just a side of rice at some of the places in Chinatown are 10,000 pesos now. Almost $9 dollars.

 

[Larry]

I call BS Larry. I went to Chinatown several times and we didn't spend $44 dollars each! We went a few times and I thought it was very cheap.

Try and go to Chinatown. I heard you are coming in town soon. Go to some nice ones and you will see what I mean. Ask @earlyretirement to take you to a few nice places.

Go and get appetizer, entree, drink and you can easily spend that now. Some of my favorite places in Palermo a small serving of roasted pork and side of white rice now is $24 USD. That same dish in the US when I went was 1/3 the price. I see places empty now with a few exceptions. Maybe you can post your experiences when you come. I stopped going out to eat now. I see more and more restaurants closing now.