Real estate of Argentina 

"Within the last year the market of real estate of Argentina coped with crisis where is more successful, than the markets of the USA and Europe as practically all transactions of c are carried out by real estate in cash, – Scott Mathis speaks. – Recently the sales level decreased, most likely, a little buyers wait for development of a situation and falling of the prices, however we don't predict depreciation".

According to Paul Reynolds, the Argentina market of real estate continues to remain stable because of low number of the given-out credits. "In 2001, during the crisis, many Argentina investors remained with anything, – the expert speaks. – It led to that the local population ceased to trust the Argentina banks, and now, in connection with crisis in the USA, Argentinians started treating cautiously and the American and European financial institutions".

This fear before banks, led to surge in investment activity in the real estate sphere. "Preferable level of investments in the Argentina real estate makes from $50 thousand to $150 thousand. This sum allows investors to get objects which can be leased to locals steadily. There is a wish to note especially that in Argentina constantly there is a deficiency of housing", – Paul Reynolds speaks.

First of all buyers of foreign real estate in Argentina are attracted by the low prices. "The cost of the Argentina housing is much lower, than in the USA and Europe, – Scott Mathis speaks. – Most actively foreigners buy in Buenos Aires, however recently popularity started using and the city of Mendoza".

The called cities – not the only directions for an investment of means to Argentina. "We consider perspective investment of means in objects of the agricultural sphere", – Paul Reynolds claims. Paradise for fans of winter sports – San Carlos - Bariloche and the city of Kafayata (Cafayate) – other interesting investment directions which promise considerable profit.

Real estate purchase in Argentina

"It is authorized to foreigners to buy local real estate", – Jamie Shektman, the owner of the Bariloche Vacation Rental company which is engaged in rent for rest speaks. In the majority of regions foreign citizens have the same rights, as Argentinians. Nevertheless there are some restrictions on property purchase in areas which are classified by the Argentina government as Zona Seguridad – "to a buffer zone about hundred kilometers wide from the Chilean border", reports Living in Patagonia portal.

However recent changes in the laws regulating such purchases, simplified real estate acquisition in this part of Argentina. Non Argentinians without problems can buy now real estate in Zona Seguridad if the object is located in a city or residential suburb, its area doesn't exceed 5 thousand sq.m and provided that the buyer doesn't pursue commercial aims.