Do not exceed 120 square meters, are departments or PH units. And the maximum value reaches $200,000 USD.
From the boom in mortgage loans that are boosting the market, real estate companies describe the characteristics of the most sought after properties.
According to an analysis by Compañía Inmobiliaria, “the sector where the highest level of demand is concentrated is that of properties used, small or medium, that do not exceed 120 m2. according to the real estate. “The most sought after properties have lower than average expenses and a value of up to $ 200,000 USD”
“The ceiling of this phenomenon is still very far, so there are great expectations of greater growth in the medium term. If compared to the present with what happened at the end of 2015, we are really facing a boom in real estate loans, “says Iuri, manager of Real Estate.
As for the operation, the units “easy credit”, are permeable to an average transaction time of 90 days, estimated period that the banks manage between the offer of purchase and the end of the transaction.
According to Horacio Benvenuto, manager of the same company, “the growth of demand driven by mortgage loans this year also increased property prices by an average of 10% and 15%.” which can reach potential buyers, which in turn prompts them to resignate square meters and location, “he said. That is, they seek the outlying neighborhoods, leaving the traditional areas of Palermo, Belgrano or Recoleta.
From the firm say that the trend of prices is to continue to rise another 10% in the next 12 months, “because” the supply is finite. There are not so many new products. ”
According to the records of Real estate agency, real estate prices, up 12% year-on-year. According to the BCRA, in August, the system is delivering an average of $ 250 million a day in UVA mortgage loans, according to a report made by the firm with the economic consulting firm Oikos Buenos Aires. According to the progression of the purchase of property sales, “the mortgage loan would double with respect to 2016 and would reach about 1 point of GDP,” he predicted.
When purchasing a home, it’s a good idea to engage the services of a Buenos Aires real estate attorney. An attorney from Argentina will see to it that your rights are protected and will process all necessary legal documents for your purchase.
But make sure to hire a Buenos Aires real estate attorney in Argentina
This seems like common sense, but it’s still a frequent mistake that home buyers make. Your frat house pal from college might be an outstanding criminal defense attorney in Illinois, and he might even be licensed in multiple adjoining states. But that doesn’t mean he knows the first thing about real estate closings in Indiana.
Far too often, home buyers will go with attorneys they know or are recommended by friends, regardless of said attorney’s specific area of expertise. Real estate law is complex—and getting more so—and laws and customs can vary widely from state to state, so it’s critical to go with an attorney who has experience with real estate law in the area in which you’re looking to buy.