How landlords and tenants survive in a country with 100% plus inflation

Landlords and Tenants in Argentina are between a rock and a hard place. There is a substantial rental property shortage caused by an incompetent government that made laws that made it so unattractive for Landlords to rent properties that many choose to short-term their properties using tools like Airbnb. Hopefully, a new government will change these, making the market more stable. The Chamber of Deputies passed a bill this week that proposes, to put it simply, to restore some of the controversial aspects of…

Argentina’s likely new President intends to snap the current oppressive farming taxes and privatise the state oil company.

Javier Milei – the libertarian candidate in Argentina’s Presidential Election – would remove state interference from Argentina’s massive farming industry, resulting in a boom in exports and foreign investment. Milei, a free-market advocate, promised to dismantle the policies that have prevented agricultural investment in this century. Milei would eliminate export tax quotas and unify the foreign exchange rate. He also wants to stop direct interference in food prices. On Wednesday, Milei…

Real Estate: Is Milei’s win a good or bad sign for the real estate market in Argentina?

The experts were excited about a change of direction and a reactivation of the real estate sector, analyze the implications of the volatility of the dollar and the electoral results. The abrupt devaluation on a black Monday for the markets and the results of the PASO generated a scenario of uncertainty in the real estate sector. During the last months, the industry was excited about a cycle change with a tail breeze and a system of sales values ​​from the low floor in prices. Real estate developers have…

Javier Milei, a far-right libertarian, won the Argentine primary elections.

The La Libertad Avanza candidate seeks to abolish the Central Bank in its present form and adopt the US dollar as the country’s currency; he received 30 per cent of the vote in the presidential election. A far-right Libertarian candidate won Sunday’s presidential primary in surprising support for a politician who wants to adopt the US dollar as Argentina’s official currency. Congressman, economist and former television commentator Javier Milei, 52, achieved 30 per cent of the votes after 96…

Why South America should be considered a Preferred Investment Destination

GTSA principal Geoffrey McRae has lived and owned real estate in South America since 2003, so he has his own views of its opportunities and risks. He founded the real estate group under the Gateway to South America brand covering Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, so he has seen the benefits and challenges of operating in each country and market. In his opinion, business success in the region relies on the ability to understand the countries’ histories, their business customs and learn…

Properties in Buenos Aires for Sale. The answers to 12 key questions that reveal if this year will be a good time to buy

The future of prices, where there are opportunities, the investment in a new builds, the progress of money laundering and the future of rentals, some of the dilemmas that worry those who seek refuge from their investment in bricks. After going through one of the worst moments in the history of the real estate market in Argentina. the sector closed 2022 with some indicators that generate hope. In concrete data, with the number of deeds reached in November in the city of Buenos Aires, everything indicates that…

The Rules for Remote Working in Argentina

Know Before They Go The global tendency of remote working combined with Argentina’s current economic distress makes the City of Buenos Aires a tempting destination for those who can live distant from their employer. Clients frequently consult us on remote work arrangements, and we thought this primer would be a useful first step toward understanding and planning for certain risks that may not be evident at first glance. Low living costs in a vibrant, cosmopolitan city in a privileged time zone tempt employees…

High-Value Property Marketing “The case for pre sale offers”

There are many different methods available for the marketing and sale of specialised high-value properties in addition to the traditional real estate listing arrangements of auction and tender type formats. There are advantages, disadvantages and tradeoffs associated with every marketing approach, and the best strategy for marketing and selling a specific property will vary based upon the ownership objectives and the particular property. One approach, which can be optimal in certain instances, is private, pre-marketing…

Is the the USD doomed as a world reserve currency?

The United States has benefited enormously from being the World’s Reserve Currency because much of the world still uses the dollar for international trade.  This is because foreign governments must hold USD in their foreign exchange reserves to settle international claims and intervene in foreign exchange markets. In addition, many emerging market countries like Argentina, Chile, Uruguay, Paraguay and Peru use USD dollars for capital goods. ie housing, commercial property, imported cars, commodities…

Properties in Argentina: The trend is confirmed, and so far, in all months of the year, far more properties have been sold than in the same period of 2022

“We expect this trend to continue in the coming months and allow us to glimpse stability in the number of operations”, they anticipate in the real estate markets. A few days before the elections, with a dollar escalating at dizzying rates and an unstable macroeconomic context, the tendency would be for the real estate market to be at a standstill. However, the numbers show signs of recovery. In the city of Buenos Aires, operations grew by 15% in this first semester compared to the first six months…

Key economic indicators of Argentina – Statistics & Facts for 2023

Argentina is considered a developing nation of upper-middle-income. It is the third largest economy in Latin America and, as its membership in the G20 and prospective accession to the OECD reflect, it stands among the world’s major economies. Argentine GDP was estimated at 488.6 billion U.S. dollars in 2021, considerably far from the GDP of its regional competitors, Brazil and Mexico. Nevertheless, since the GDP is not adjusted for a country’s population size, GDP per capita is better suited for country-to-country…

South American Book of the Week: The Blue Line

  A South American Novel – The Blue Line Ingrid Betancourt Set against the backdrop of Argentina’s Dirty War and infused with magical realism, The Blue Line is a breathtaking story of love and betrayal by one of the world’s most renowned writers and activists. Ingrid Betancourt, author of the New York Times bestselling memoir Even Silence Has an End, draws on history and personal experience in this deeply felt portrait of a woman coming of age as her country falls deeper and deeper into chaos.…

Understanding the upcoming Argentine Presidential Elections

This year, Argentina will elect a new president, vice president, and members of Congress.  Understanding the country’s electoral process and the concerns that drive voter choices is crucial.  Here is what you should know about the upcoming Argentine presidential elections. Overview of the Electoral Process 2023 Electoral Timeline Key Voter Issues 2023 promises to force the candidates and the electorate to evaluate various substantive issues conspicuously absent from prior campaigns. One such issue is…

Foreign Tourism in Argentina Booms to Record Levels

According to the latest report of the National Directorate of Markets and Statistics of the Ministry of Tourism and Sports, a historical record was set in April of this year, with 619,000 foreign travellers reaching Argentina, representing a year-on-year increase of 105.2%. This surplus was further evidenced by only 531,000 of its nationals going abroad in the same month. Minister of Tourism and Sports, Matías Lammens, commented, “we no longer speak of recovery but of growth in international tourism,…

Argentines continue to flock to Uruguay to Invest

Data released by the Central Bank of Uruguay (BCU) reveals that, as of December 31, 2022, the investment advisors and portfolio managers sector in Uruguay had grown in terms of clients and employees. Specifically, there were 67 portfolio managers and 106 investment advisors in the country, an increase of 10 from the previous year. These advisors and managers managed the assets of 36,170 clients, 21.5% more than at the end of 2021, and employed 951 people. Of the total number of clients, 63.7% were Argentines,…
Real Estate and Investment News from South America
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