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Argentine Real Estate Crisis: Profitability has slumped to an all-time low

The average return reached 2.8% this year meaning it takes 36 years to recoup the investment. Selling prices dropped in 87% of the city neighbourhoods The profitability of the properties continues its downward path and, with an average of 2.8% a year, reaching a new all-time low, according to a report prepared by ZonaProp. The survey highlights that the devaluation of the peso in August caused the price of rents measured in dollars to fall sharply. Although the sale value of the properties declined, this was…

So you want to buy farm land in South America – What are the options ?

So you want to be a farmer in South America. Investing in farmland can make for an intriguing alternative to the stock market. Farmland is safe historically and a great hedge against inflation and is an asset class that does not correlate with the normal stock market. As the world’s population continues to grow (9.15 billion estimates by 2050) and the global middle-class continues to emerge (with changing dietary habits toward more calories and meat), farmland is poised to become an even more intriguing…

Dumb and dumber. Trump doesn’t understand currency wars, when he attacks Argentina and Brazil

What a difference a decade makes. Back in September 2010, Guido Mantega, Brazil’s then-finance minister, was complaining bitterly about “currency wars”, and claiming the Federal Reserve’s ultra-loose monetary policy of the time was unfairly hurting his economy. “We’re in the midst of an international currency war, a general weakening of the currency,” he said then. “This threatens us because it takes away our competitiveness.” Fast forward to December 2019,…

The future Argentine economy minister is US-trained and an academic expert in sovereign debt

Argentina’s Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America’s third-largest economy and averting a damaging default. Guzman, a debt specialist at Columbia who has a doctorate from Brown University, was confirmed as economy minister on Friday evening in the new cabinet of President-elect Alberto Fernandez, who takes office on Dec.…

Flight of the Phoenix – Christina Kirchner returns to power

It is often said that politics is theatre. This has been especially true during the past four years in Argentina, which has been a high-stakes melodrama along Kafkaesquelines, redolent with existential anxiety, alienation, and absurdity. The convoluted plot sees the ruling President Mauricio Macri and his coterie of media magnates and partisan judges trying to bury the immediate past president, Cristina Kirchner, in vexatious criminal prosecutions and relentless calumny. But when their neoliberal economic policies…

Political Risk Analysis: What’s Next For Argentina?

On October 28, 2019 voters in Argentina elected Alberto Fernandez, a political ally of controversial former President Cristina Fernandez de Kirchner, to replace Mauricio Macri, a business-friendly centrist, in the country’s executive office. The election marks a return to power for Argentina’s left and an uncertain path forward as the country still faces a number of long-term challenges. On December 10 Fernandez will take over as Argentina’s president. Foreign investors are…

A continuing crisis, the real estate sector in Buenos Aires had its 17th month of consecutive falls

Average transaction values fell 18.8% in US dollars, which could be an indication of the lower prices The real estate sector continued its 17th year-on-year fall in October after it was obvious the market-friendly government of Mauricio Marci was going to be replaced by the earlier corruption-ridden one of Christine Kirchner. According to the Colegio de Escribanos porteño, last month 3,152 settlements. This represents a drop of 14.1% from October 2018. However, against September purchases were up 9.8%…

Why did GTSA develop the vendeRAPIDO® selling process for selling real estate in South America?

There are two reasons. To speed up the selling time and maximise the properties value  Current Market Realities South American real estate markets are in the main lightly regulated and highly informal. What this means for vendors is they are at a strong disadvantage when they come to selling a property within a reasonable time frame.  Traditional times of sale are measured in months and years.   Consequently, transaction costs are among the highest in the world.  With the globalization…

Personal Property Taxes in Argentina: A rush of accountant inquiries due to the fear of increased taxes

Accounting studios are increasingly receiving “emotional” inquiries from their most wealthy clients due to a change of government which has a reputation for hurting the upper middle classes. One option for savers or property owners is to obtain residency in Uruguay and renounce Argentina residency or form an irrevocable long-term trust and lose direct control over the money altogether. “The vast majority of consultations are for achieving an Uruguayan residency and losing their Argentine one.…

Argentina sends its first shipment of chilled pork to China

Argentine has sent its first shipment of chilled pork to China, the government of the South American farming powerhouse said on Wednesday, as China’s pork imports rise due to a devastating outbreak of African swine fever at home. The shipment included 26 tons of pork cuts, according to a statement from the Agriculture Ministry in Buenos Aires. “This step further consolidates our livestock sector on the world market,” the statement said. Argentina announced it had clinched a deal in April to…

Argentina shifts to the left…and Uruguay to the right?

Sunday’s presidential elections in Argentina and Uruguay revealed an anti-incumbent mood in the electorate. In Argentina, voters punished Mauricio Macri, the market-friendly president, who dramatically failed to live up to his promises of economic growth. Across the Río Uruguay, Daniel Martínez, from the incumbent center-left Broad Front coalition in power since 2004, won a plurality of votes but will face a strengthened opposition in the second-round election next November, which he…

Trevelin in Patagonia: the village that comes alive with the flowers of spring

Two thousand kilometres from Buenos Aires, a field of tulips nestled between snowy mountains and crystal clear mountain stream waters draws a rainbow of 27 colours that are impossible to forget. The fields of tulips attract visitors from Tierra del Fuego to Chaco, from Holland to the United Kingdom, lovers of flowers here find a unique charm since the plants are surrounded by a cordon of the Andes mountain range, known as the Trono de Nubes (Throne of Clouds) A descendant of Welsh immigrants – Juan Carlos…

Transition in Argentina: Macri invites Alberto Fernandez to breakfast Monday morning at Government House

The victory of Alberto Fernández’s presidential campaign puts an end to the pro-business economic policies of Macri’s administration and a return to power of the ex-president Cristina Fernández  Cristina Fernández served as president from 2007 to 2015. By the time she left office, she was entangled in a string of court cases involving accusations of bribery, money laundering, treason, corruption and allegations that she had helped cover up Iran’s…

Argentina’s economy is collapsing. Here come the Peronistas, again

The peso is falling — and so, it seems, is the sky. Inflation and poverty rates are soaring. National reserves are shrinking fast. In short, Argentina — in a terrible deja vu of crises past — is hurtling once again toward the economic abyss. But on the bar stools and wooden chairs of Santa Evita, a grill house dedicated to Eva “Evita” Perón, the political heroine who died a Broadway-worthy death in 1952, the customers are retranqui,…

The first solar energy project for Agro to receive Argentina’s fiscal benefits is operational in San Luis

The first “behind-the-meter” solar power plant for an agricultural establishment in Argentina is already fully operational. Though the project required more than three years of analysis while the energy laws, regulations and policies were evolving, once the corresponding scopes were defined, approvals obtained, and materials delivered, the two-hectare solar project was completed in one month and has been operational since the beginning of September 2019. The solar plant was developed for a cattle…
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