The real estate world is a market that constantly faces changes related to economic instability and modifications in the Rental Law. Germán Pacchioni, from Real Estate Developments, explains what these changes are, the reasons and what the best options are to invest in these businesses.
Furthermore, Germán explains the benefits of obtaining an apartment through a well. This option is an alternative to acquiring your own home outside of the traditional way, which today can be complex.
-Q: Germán, what are the recent changes in the Argentine real estate market?
- GP: We have reached the end of the real estate market cycle and we are at the beginning of a new cycle. This is seen through several facts:
- Property prices at their lowest values in the last 15 years.
- Changes in the Rental Law that make it more attractive to own a property and obtain an income.
- Expectations for money laundering that would attract a large amount of dollars to the real estate market, increasing demand.
- ‘Anchored’ dollar that makes investing more attractive than saving while the prices of goods grow, dollars as a savings method lose purchasing power in relation to properties. In this sense, the price of m2 to be built is increasing sharply in dollars and drags down the prices of used properties. Which puts in urgency mode those investors who want to take advantage of the current ‘opportunity’ prices.
-Q: What advantages does it have and why do you recommend investing in a well?
- GP: Buying an apartment in a well in Palermo, Belgrano, has multiple benefits. By purchasing an apartment in a well with us you save 30% at current market prices, plus whatever may increase over the course of the work, which is 24 months.
You pay it financed in up to 24 installments without advance payment or at a better cash price and the best thing is that you generate extraordinary profitability. Whether you sell it or leave it for temporary rental with an income in dollars. We take care of the administration. You can have your money well invested in one of the most beautiful cities in the world and obtain a monthly income in dollars.
To learn more about real estate investments and rentals you can acquire more information at 221-6418357, on Instagram through @pacchioni_propiedades or from Facebook at Germán Pacchioni Desarrollos Inmobiliarios.
by CEDOC