Destination - global: Argentina

DESTINATION

Plenty to love about Argentina

Those who come for tourism or to live here know how easy it is to fall in love with this country.

Argentina is a country well-known for its cultural diversity, as well as for landscapes that can satisfy the most demanding adventurers.

The South American country is spread across a land that includes mountains, glacial lakes and grasslands.

As for tourism, the activities that can be done in Argentina are endless.

Best holiday regions

Some of the most captivating landscapes can be found in the Patagonian region of Argentina. In the Andes area, glaciers can be seen on the shores of the lake, or on the island of Tierra del Fuego, the last stop before Antarctica. Mendoza is an Argentine province located at the foot of the Andes mountains and famous for its Wine Route. From there you can take tours of the wineries and make tastings of some of the best wines in the world.

Cafayate, in the province of Salta, is also an excellent option for wine lovers.

In the Salta province you can ride a horse with the famous Argentine ‘gauchos’ or cowboys, with their unique colourful attire. The traditional basics worn by the gauchos are a poncho, loose trousers and a wide-brimmed hat. In November, travellers are recommended to visit El Ombú de Areco, which is located near Buenos Aires, to witness the National Festival of Tradition. This lasts a week and brings together gauchos from all over the country to show their dressage skills… and make big barbecues.

The Argentine capital, Buenos Aires, is a city full of charms, museums, cafes, bars and places to see. Here you can dance the tango, visit one of the most beautiful bookstores in the world, El Ateneo Gran Splendid, tour the ancient Recoleta cemetery or, for soccer fans, visit La Bombonera stadium.

Ride like a gaucho.

Tango in Buenos Aires.

Enjoy a Malbec in Mendoza.

Work your way through a big steak at a traditional parrilla.

Get cultured in Córdoba.

Buying real estate

The real estate market in Argentina is highly fluctuating. However, it can be an excellent longterm opportunity for foreigners interested in acquiring a property in any of the country’s provinces.

This South American country is, in practice, a very reliable shelter for capital investment.

Regarding urban residential, foreigners have easy and secure access to existing properties, but they have a little more difficulty buying new units.

In the city of Buenos Aires, the average square metre value for apartments is approximately AUD 2,745/ USD 2,115.

The vacation properties most valued by foreign investors are in the Andean Patagonian, specifically in San Carlos de Bariloche, as well as the Mendoza and Salta region, and the fields of the Polo Circuit, near the City of Buenos Aires. The ‘holiday home’ business in Argentina has a very high potential to develop in the future.

In Mendoza, the houses are valued at around AUD 103,822/ USD 80,000 and the apartments starting from AUD 32,444/ USD 25,000 to AUD 51,911/ USD 40,000.

In Patagonia, one-room apartments cost approximately AUD 90,844/ USD 70,000, with one-bedroom AUD 142,755/ USD 110,000 and two-bedrooms AUD 194,666/ USD 150,000. The houses range from AUD 240,087/ USD 185,000 to AUD 363,376/ USD 280,000. Get wet at Iguazú Falls.

See hunting orcas beach in Península Valdés.

Experience a glacier calve at Perito Moreno.

Want to know more?

www.remax.com.ar

RE/MAX has been present in Argentina since 2005 when it was launched by Dotti Peñate and Sebastian Sosa, entrepreneurs who recognized the possibilities of the model’s growth and found similarities between the brand’s values and the characteristics of the heart and soul of the county, its people. Teamwork, compromise and proactivity are pillars of RE/MAX Argentina, which today has more than 140 offices in 42 cities, and almost 5,000 people linked to the global network that offers connected real estate services around the world.

FOREIGN OWNERSHIP OF PROPERTY

At the time of writing, foreigners have the same property rights as locals in Argentina. However, rural land purchases require a special certificate from the national land registry. There are also specific requirements for foreign ownership relating to properties located near aforeign border, including, for example, a security clearance from the interior ministry. A CDI (Tax ID) number is required to purchase land in Argentina. Once obtained, a foreigner may purchase property and pay taxes. PLEASE CHECK THIS INFORMATION WITH THE RELEVANT AUTHORITY.