Update on Argentina’s foreign farmland ownership
The Rural Land Law (Law 26,737) and the Border Security Zone Law set out certain limits on foreign ownership of rural lands that can restrict investment in the agribusiness industry. The Rural Lands Law limits the ownership and possession of rural land by foreign individuals or companies, irrespective of the use to which the land might be dedicated. Foreign persons must receive authorisation from the National Registry of Rural Lands to buy rural land. “Rural land” includes any land outside…
The Economist Ranks Buenos Aires as Top Choice for Digital Nomads in 2023
Buenos Aires Ranked as Top City for Digital Nomads in The Economist’s Annual Ranking. The annual ranking of The Economist magazine has placed Buenos Aires, the capital of Argentina, among the cities most chosen by digital nomads. In a new edition of The Global Liveability Index 2023, the magazine distinguished Buenos Aires as the city with the best quality of life in Latin America. For the second consecutive year and the eighth time in nine years, Buenos Aires topped the list of Spanish-speaking cities in…
What You Need to Know before Buying Agricultural Land in Argentina
Argentina is one of the world’s breadbasket. Blessed with a mild climate, fertile soil and abundant water, it has become an increasingly attractive opportunity for investors. Before you buy your crop farm or cattle ranch in the Pampas, the sheep ranch in Patagonia, the resort in Bariloche or the winery in Mendoza, you need to understand a few specific things about Argentine law and practice. We offer answers to eight questions as a starting point. As with anywhere else in the world, seek the advice of knowledgeable…
CEO of GTSA gives six negotiating tips for foreign buyers
Geoffrey McRae, GTSA Real Estate Consultants CEO, outlines some basic negotiation skills that can help when approaching the sales process in a foreign country. Many foreign buyers are uncomfortable or inexperienced with the negotiation process in a country where they know little about the local customs. While the vendor has their broker to negotiate for them, buyers are at their own mercy. ( the vendor’s broker will often also act as a buyer’s agent, which is the norm in most markets we cover,…
Vaca Muerta in Argentina, one of the world’s largest shale deposits is rated to be one of the worlds largest largest gas exporters
Flavia Royon, the Energy Secretary, announced that Argentina is focusing its efforts on increasing exports as the production of shale-gas deposits in Vaca Muerta increases. The first objective of the government’s plan is to stop gas imports entirely by 2024-2025, except during times of peak winter demand. She said that the construction of a pipeline in Neuquen, with a large capacity, from Vaca Muerta is fueling exports. The Energy Summit was organized by the El Cronista newspaper. In July, the pipeline…
The Benefits of Tango for young and older Women: A Journey of Confidence, Sensuality, and Femininity in Buenos Aires
Tango is more than just a dance. It is a way of expressing one’s femininity, masculinity, body awareness, and sensuality and having fun, feeling good, joy, confidence, and empowerment. That is why Argentina Tango offers exclusive, personalized, and supportive packages for women who want to learn or improve their tango skills and dance as much as possible in Buenos Aires, the birthplace of tango. Tango originated in Buenos Aires in the 18th century as a fusion of European, African, and indigenous…
Chile is leading the way in Artificial Intelligence
The South American country stands out for its digital and data processing infrastructure, as well as the availability of technological devices, according to the Latin American Artificial Intelligence Index (ILIA). Chile has demonstrated its leading position in artificial intelligence (AI) in the region, according to the first edition of the Latin American Artificial Intelligence Index (ILIA). The index, produced by Chile’s National Center for Artificial Intelligence (CENIA) with the support…
The latest Rabobank Global Dairy report warns of more financial pain expected for dairy farmers, but that demand-led resurgence is now increasingly possible
With a complete rebalance of the Chinese dairy market not expected in the near term, dairy farmers around the globe will need to manage through more financial pain in the months ahead, according to Rabobank’s latest Global Dairy Quarterly report. But the storm won’t last forever, the report says, and with lower global prices stemming supply growth in key dairy production regions, there is an increasing possibility a demand resurgence could emerge well before milk output can recover, creating a whiplash…
MercadoPago is the most extensive online payment network in Latin America
Thanks to the digital revolution, many people now participate in e-commerce via their mobile phones. Online payments are becoming increasingly important. MercadoPago, the largest Latin American online payment network, was launched in 2012. MercadoLibre, an e-commerce marketplace and online bidding site, found it. It allows users to send and receive online payments safely, efficiently and quickly. Apps allow companies to charge customers in different ways: via email, social networks or websites, mobile applications,…
Real Estate Prices in Buenos Aires are starting to rise
Real estate prices are rising again after one of the worst drops in living memory. This indicates that the prices have hit the bottom and the “rebound” effect has begun. Despite the worst buying and selling period in 20 years, property values are recovering and overcoming the crisis. According to a Buenos Aires College of Notaries report from July 2018, 3,357 homes removed their for sale signs from the facades and completed the planned transactions. Since 2023 started, these properties have already…
Real Estate Construction in Uruguay has slowed, but the main buyers, Argentines, are still keen to buy
Most mid to higher-end Real Estate in Argentina and Uruguay are quoted in US dollars. In particular, new properties. The Uruguayan real estate market is “on the rise”. However, the weakening of the US dollar has caused new construction to be halted due to the high cost of local labour. Uruguay’s property market continues to grow in purchasing, renting and selling properties. Local and international investors are interested in projects presented by the Uruguayan market, particularly those homes…
Consolidation of South American meat processing plants
Minerva Foods was the biggest exporter of beef in South America. It will take control of a San Luis unit in an operation worth US$ 1.5 billion for it and 16 other Marfrig Global Foods plants in Mercosur. Minerva Foods controls Swift in Rosario. Swift Argentina In Mercosur, the Brazilian company Minerva Foods, the biggest exporter of beef in South America, now controls 16 refrigeration plants owned by its rival, Brazilian Marfrig. Argentina, where they bought an establishment, will consolidate their number one…
Argentina’s Economy Report 2023
What’s in store for Argentina’s economy? The Argentinian economy is going through turbulent times amid hyperinflation, a crumbling peso, a brutal drought hitting agricultural output, and general elections scheduled for October. Our country report cuts through the uncertainty with focused written analysis, tables, charts and forecasts from over 50 expert analysts for dozens of key economic indicators. About FocusEconomics FocusEconomics is a leading provider of economic analysis and forecasts for over 200…
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…
