Paying in Instalments: New Real Estate Phenomenon
Argentina is experiencing a new trend that is shaping how people buy. These days most shops are offering shoppers the opportunity to buy with repayment plans in instalments. People pay off the new mobile phone they purchase in instalments over a period of time and the same thing is happening across the country, including the real estate market.
This new system of Buenos Aires real estate financing the purchase of a property means that more and more people are able to buy their own home. The typical repayment plan for a new property that hasn’t been built yet involves paying just 30% at first, followed by 24 montly instalments and then finally paying 15% of the property’s value upon completion. The all that’s left to do is to move in.
This new Buenos Aires real estate financing phenomenon has become so popular that now 80% of all new properties on the Buenos Aires real estate market are available to buy in instalments before construction. This means that there are currently 1000 units that can be bought in this way. So, who is buying into these real estate financing schemes? The majority of buyers are investors looking to make a profit and capitalising on the small amount of cash that has to be injected. A massive 95% of buyers of this type of property are investors looking to sell the unit on or rent it out. Investors are even starting to make a profit before construction is completed as they resell the ‘property.’
It may seem a little risky investing in a property that you have not even seen, as the only tangible thing the buyer will see before signing on the dotted line are some drawings or graphics. However, to make sure you’re making a sound investment is to investigate which properties the developer of the project has completed. This will give you an idea of the quality of style of the future property and put your mind at ease.
It’s also important to consider the properties location, which something that you can verify before the property is built. In popular neighbourhoods, such as Belgrano, Palermo and Barrio Norte a one bedroom studio will not cost below $ 80,000 US dollars and two bedroom apartments start from USD $120,000. These types of properties are the most sought after and make sound investments as they are the easiest to sell on and rent out. The key with this type of investment and Buenos Aires real estate financing phenomenon is to stick to the ‘classic’ Buenos Aires real estate hotspots like, Belgrano, Palermo and Barrio Norte.
Go back to Argentina Real Estate News:
Argentina Real Estate Investing: Property and rent the best option
Property Prices are predicted to increase by 20% in 2011
BUENOS AIRES HABITAT a pioneer of the extended stay hotel-style apartment concept in Buenos Aires. Offers luxurious furnished apartments in Buenos Aires for temporary rent as an alternative to high-class hotels. Whether your visit is for a few days or a few months, for vacation or business trip, we will make your Buenos Aires experience memorable. All of our Buenos Aires apartments offer high-speed internet access, cable TV and housekeeping service.
This new system of Buenos Aires real estate financing the purchase of a property means that more and more people are able to buy their own home. The typical repayment plan for a new property that hasn’t been built yet involves paying just 30% at first, followed by 24 montly instalments and then finally paying 15% of the property’s value upon completion. The all that’s left to do is to move in.
This new Buenos Aires real estate financing phenomenon has become so popular that now 80% of all new properties on the Buenos Aires real estate market are available to buy in instalments before construction. This means that there are currently 1000 units that can be bought in this way. So, who is buying into these real estate financing schemes? The majority of buyers are investors looking to make a profit and capitalising on the small amount of cash that has to be injected. A massive 95% of buyers of this type of property are investors looking to sell the unit on or rent it out. Investors are even starting to make a profit before construction is completed as they resell the ‘property.’
It may seem a little risky investing in a property that you have not even seen, as the only tangible thing the buyer will see before signing on the dotted line are some drawings or graphics. However, to make sure you’re making a sound investment is to investigate which properties the developer of the project has completed. This will give you an idea of the quality of style of the future property and put your mind at ease.
It’s also important to consider the properties location, which something that you can verify before the property is built. In popular neighbourhoods, such as Belgrano, Palermo and Barrio Norte a one bedroom studio will not cost below $ 80,000 US dollars and two bedroom apartments start from USD $120,000. These types of properties are the most sought after and make sound investments as they are the easiest to sell on and rent out. The key with this type of investment and Buenos Aires real estate financing phenomenon is to stick to the ‘classic’ Buenos Aires real estate hotspots like, Belgrano, Palermo and Barrio Norte.
Go back to Argentina Real Estate News:
Argentina Real Estate Investing: Property and rent the best option
Property Prices are predicted to increase by 20% in 2011
BUENOS AIRES HABITAT a pioneer of the extended stay hotel-style apartment concept in Buenos Aires. Offers luxurious furnished apartments in Buenos Aires for temporary rent as an alternative to high-class hotels. Whether your visit is for a few days or a few months, for vacation or business trip, we will make your Buenos Aires experience memorable. All of our Buenos Aires apartments offer high-speed internet access, cable TV and housekeeping service.
