There is quite a bit of noise about the prospects of argentina's untapped real estate market today, and so i wanted to see what the expat community has in mind about this.
yesterday, a fellow martillero told me that the real estate market as a whole is going to get worse before getting better, in other words it's turning into an ideal buyer's market with prices becoming depressed due to macri's devaluation and also the high competitiveness of a fairly good volume of new construction coming online in the coming months. plus with the cost of natural gas and electricity sky high more people are apparently selling their homes in favor of smaller more efficient and safer apartments. but, is it true that the prices are going to suffer in the next year or two?
i thought that by devaluing macri is brining more investment into the country and hence encouraging foreigners to buy up real estate hence encouraging competitiveness and dolarization of the real estate market, just like did chile and uruguay, no?
plus there seems to be a genuine demand for homes and apartments in general, lots of young families are saving for their first homes.
so again, in your opinion, is it worth buying now or is it better to wait? a friend believes that the economy is not going to improve any time soon and that with another devaluation people's purchasing power would only get eroded.
thanks
yesterday, a fellow martillero told me that the real estate market as a whole is going to get worse before getting better, in other words it's turning into an ideal buyer's market with prices becoming depressed due to macri's devaluation and also the high competitiveness of a fairly good volume of new construction coming online in the coming months. plus with the cost of natural gas and electricity sky high more people are apparently selling their homes in favor of smaller more efficient and safer apartments. but, is it true that the prices are going to suffer in the next year or two?
i thought that by devaluing macri is brining more investment into the country and hence encouraging foreigners to buy up real estate hence encouraging competitiveness and dolarization of the real estate market, just like did chile and uruguay, no?
plus there seems to be a genuine demand for homes and apartments in general, lots of young families are saving for their first homes.
so again, in your opinion, is it worth buying now or is it better to wait? a friend believes that the economy is not going to improve any time soon and that with another devaluation people's purchasing power would only get eroded.
thanks
