Why Invest?

Argentina offers an amazing opportunity for you to travel the very hottest trends of this decade - Chinas growth, and the commodities bull. Plus, this over-sold South American giant also has what may be the best farmland in the world.

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Market Report

International Property Brokers predict an increased demand for property in the coming years. Over the last three years demand for property has increased by an average of 10% to 15% per annum.

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Economic Overview

Argentina is still the most developed country in Latin America. It boasts the highest GDP per capita, the highest levels of education measured by university attendance, and a reasonable infrastructure that in many aspects is equal in quality to that found in fully industrialized nations.

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Visa/Residency Issues

2 days on average, for a tourist visa. Varies for student visas; generally 10 days. Tourist visas are usually valid for up to 90 days

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Getting to Argentina

Buenos Aires is approximately 12 to 13 hours flying time from London. The Buenos Aires international airport, Ministro Pistarini International Airport, is located in the suburb of Ezeiza and is often called simply "Ezeiza". The Aeroparque Jorge Newbery airport, within city limits near the river, serves mostly domestic traffic.

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Fees & Taxes

• Non-residents pay a withholding tax of 21% on Argentine-sourced income only.
• Standard IVA (VAT) is 21%. A higher rate of 27% is levied on certain utilities. Private health insurance, newspapers, and cable television are taxed at 10.5%.
• The Transfer tax is 1.5%. This does not apply to a resident selling his main house if he commits to buying another property within 12 months.
• Treated as part of your regular taxable income. Levied at 35% for residents, and 21 % for non-residents, on the gross annual rent.

Argentina

Basic Information

Argentina Overview

Argentina is a country in southern South America. It ranks second in land area in South America, and eighth in the world. Argentina occupies a continental surface area of 2,766,890 km sq. (1,078,000 sq mi) between the Andes mountain range in the west and the southern Atlantic Ocean in the east and south. It is bordered by Paraguay and Bolivia in the north, Brazil and Uruguay in the northeast, and Chile in the west and south.

Average Property Prices

Buying Process

• Seller must obtain a domain certificate and a personal inhibition certificate; it took 14 days to complete the real property registry. The cost to complete is 42 ARS for Domain certificate and 72 ARS for Personal Inhibition certificate.
• Offer: stating price, closing date, name of notary public selected and special conditions. Accompanied by a strong binder which should be returned doubled if the owner backed out of the deal before closing date.
• Boleto: It is a mediator step, usually taking place within the first fifteen days following acceptance of an offer, allowing owners to receive between 30 and 50% of the purchase price and, thus, enabling seller to secure a replacement property for the one to be sold.
• Escritura: The actual closing date where all parties get together to sign the official transfer of deed. When buyer and seller go straight to Escritura, 100% of the proceeds are delivered at the time or a transfer to a foreign bank account is set up and verified at a second meeting. It is important to note that the payment required for the escritura is not required to be made in pesos. In fact, most owners will only accept US dollar bills or transfers to their accounts held abroad.