expat0tree,

It's nice when someone puts thought behind his/her statements as you have aptly demonstrated. Thank you.

I agree with what you say but the age old question still remains "How low is low?" Your friend says "Wait" for lower prices and maybe he/she is right but for how long? What factors will tell us it's time to buy? And is your friend ready to pull the trigger the very moment land prices and housing go from a stall and or negative factor to a positive one? Most people are not ready.

I believe there are many Foreigners eager to sell their Argentine properties at rock bottom prices, maybe even with Seller financing, because Argentina will never win back their confidence and trust.

I know because I have a vineyard owner who is willing to sell for what she paid in 2008 for a newly constructed 5-acre Malbec vineyard that now, eight years later, is mature and producing. She'll even finance. I have had many inquiries but no one has stepped forward yet. Maybe prices will go lower or maybe someone will make the right "Offer" to her and close the deal.

With Argentina back in the International Money Market and under a new Presidente who isn't anti Foreign "Investors" and with billions pouring in from major countries and major players, I think to time is just right to strike a deal.

Post a Reply

00abuse

Choosing an expat health insurance provider is an important decision. Get a quote from our trusted expat health insurance partner, CIGNA. With Cigna Global Health Options, you can create an international health insurance plan that's perfectly tailored for the needs of you and your family.

Learn More Get a Quote

Tom,

Couple of billions here and there aren't enough to turn argentine econmy around, not until Macri tackles corruption and eliminates waste, but do we see any of that?

Good point, hard to know where the rock bottom is, and yet your fellow vinyard owner did not find a buyer for a reason, some are waiting, for me the biggest fear is to spend dollars on a piece of real estate that's yet to lose another 15-20% of its value and then take another 10 years to regain its original value,
meantime argentine consumer confidence is the lowest in 6 years where even china is exporting wine to international markets.

i do want to be optimistic though, on some level it's hard to believe that argentina would stay behind forever.

Post a Reply

00abuse

expat0tree,

You make some good points and if it takes ten years for Argentine real estate to recover I am afraid the country is doomed. If Argentina is doomed then pray tell what is the future of Brazil and Venezuela who are in a worse financial mess.

Post a Reply

00abuse