Real estate: the most chosen destinations by those who sell their house to live in another country – economic, financial and economic news

After many cases of businessmen and celebrities who have decided to settle abroad – a little driven by the economic crisis and another by the uncertainty of the pandemic – the trend is growing among circles urban intermediaries to sell the family house to buy a property and start life in another country.

According to a survey carried out by RE / MAX Premium real estate, more than 10% of transactions carried out during the last four months of 2020 were carried out for this purpose.

“The countries that generate the most interest when looking for a new opportunity to start from scratch are the United States, Spain and Uruguay,” said Ariel Champanier, CEO of the RE / MAX Premium group. In this sense, specify that the cities chosen are Miami, Madrid, Punta del Este and Montevideo and that the most requested real estate product are the departments.

The firm explained that since the significant emigration due to the crisis of 2001 and 2002, the possibility of residing abroad has never been installed with as much force as today, where the idealization of the “other place” and the hostility of a local labor market – which has stagnated for almost a decade – are seen as threats to the stability and progress of some Argentines.

“Today, it is possible to buy an apartment abroad without putting money into it, as long as you are talking about a 3-room apartment in well-located and sought-after areas, such as Belgrano or Palermo, which cost $ 200,000, ”Champanier remarked.

The real estate expert clarified that “maybe in Miami you can’t buy in a neighborhood similar to Belgrano, but you have to lower the category of the neighborhood a bit. But let’s say there are very convenient mortgages available in this country.” . And he gave as an example that, unlike in our country with UVA which is linked to inflation, “in the United States, if you ask for 100,000 tens of dollars, you only pay 200 dollars per month”.

Uruguay, on the other hand, is presented as the most accessible proposal. “For this value, you buy an apartment in a great location in Punta del Este and with more amenities in Montevideo,” remarked the CEO of RE / MAX Premium.

Spain, on the other hand, presents a less accessible scenario. “Madrid, depending on the region, is the most expensive of the three destinations, but it also has good credit access options like the United States,” he said.

From the company they warn that in the US no matter how much you buy a US $ 1 million property they don’t give you the investor VISA, they only give it if you invest in a business and offer job. This was happening years ago in Europe, but it no longer works. In these three specific passes, today it does not work like that, ”said Champanier.

“In the United States and Spain, the buyer does not pay commissions, unlike in Uruguay, which is similar to what happens in our country and the commission is split between the buyer and the seller and is at a price of 3%, ”concluded Champanier.