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'Thanks for the reply' Real Estate

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Thanks for the reply

This forum post is dated 10/25/11. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.

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Forum Post
10/25/11 03:54

Irving

Montevideo

Thanks for the reply

After a little more stumbling around, I found that CGN is only for employees of the government (funcionarios p�blicos). Here's the CGN web page: http-colon-slash-slash www dot cgn dot gub dot uy/ in case others read this post in the future and want to know about it.

I'm pretty sure I'm also not entitled to use ANDA either.

All I see on the web and in El Gallito (Sunday El Pais, also online at http-colon-slash-slash www dot gallito dot com slash Alquiler_Apartamentos) is 'garant�a propiedad', ANDA or CGN. I've been looking for a few weeks and haven't seen a single apartment for rent that accepts BHU. I also like to look at avisar dot com dot uy (http-colon-slash-slash avisar dot com dot uy slash activo slahs busquedas slash inmuebles slash portada_inmuebles dot asp) for rentals. Same story.

One realtor told me that occasionally an owner will accept a deposit of 10 months rent in lieu of 'garant�a propiedad'. Against the law, as you said, especially since BHU wouldn't accept it.

My rent went up 11% between the first and second years. I wasn't paying any attention to inflation in Uruguay, especially in real estate in Montevideo. Although inflation here isn't nearly as bad as in Argentina, it's still dangerous economically because in all of history, what has followed a period of inflation has been a period of recession.

To be fair, the new rent that my landlady wants is in line with current rents, which have soared insanely here. Sigh.

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