Expat Community > Argentina

porkah
Joined 2004
Posts: 10

Financing a property purchase

18 years ago

Hi all

Have been reading the posts with a great deal of interest and it looks as if there may be some very good and reliable advice available here on this topic. I have no problem with also contacting people directly by e-mail (if preferred) and then maybe (if deemed a good idea) in posting a summary of the advice ?

Our problem is this. We have limited capital and are looking to invest in purchse of a property (preferably in Cap Fed but also checking Lomas and surrounding). We are able to obtain the finance here in a UK bank, but how do we then translate this into a purchase in Argentina - and prefeably a cash purchase which invariably includes a discount ? We understand that there are not direct links between banks in UK and Argentina, and even if it were possible to "transfer" money, if you are buying privately, it is very unusual for the seller to actually have a bank account (this information is from a portena so I accept is the case). So to summarise, we will have a cash amount in a UK bank, which we do not want to pay massive amounts to convert and transfer the currency, but is is obviously not practicable (or even legal ?) to bring the money in on your person - tantamount to lunacy I would say ! We would also like to have the chance to buy with cash there if possible, and avoid paying the 5% agency fees.

Thanks to all who take trouble to respond. This is a pretty urgent requirement now !

Porkah

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Expat Community > Argentina

Financing a property purchase

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