Real Estate In Argentina

However, while it is easy to bring money into Argentina at present, it is challenging to get it out of the country.

With inflation jumping during the past years and the current existence of the parallel blue market versus the official rate, investing in real estate with hopes of selling or turning a profit quickly or in the near future is unlikely.

A more advisable approach would be for someone to purchase property to have as a second home or rental property for the time being, and then look to profit with the idea of selling further down the line.

When currency controls are more relaxed and in a moment when the economy is more stable—remember, there always are more bullish periods here, too—that would be the moment to sell and profit.

It is wisest for foreign real estate investors in the current climate to protect themselves and their money by only looking to sell or purchase from those who have bank accounts outside the country (in an economy more stable than the present one).

This prevents against fluctuations and differences resulting in financial loss when dealing with the country’s official exchange rate, which is what all official business and purchases are conducted in.

Payments can be made for property purchased in Argentina between foreign accounts as long as the process is verified and declared and all necessary taxes in Argentina are paid.

Rural land owned by foreigners is limited to comprising no more than 15% of the state/municipality in which the property is located, and a single foreign entity cannot own more than 1,000 hectares.

The amount of land that foreign owners of the same country of origin can own in a specific area is capped.

Additional paperwork and ministerial approval is required of a foreign buyer who wants to acquire land near a foreign border, and the process can take longer.