DOLLARS &
DWELLINGS
Mastering the Numbers of Property Transactions in Argentina Maximiliano Götz
CUCICBA • CMCPSI • REALTOR®
© MGNI (M. Götz Negocios Inmobiliarios) This ebook was written between February and March of 2024, and it contains specific information about laws on a local, state and federal level. As such, these laws may change over time. Be sure to reach out to us for any updated information, as the case may be. Us, or anybody well-versed in these matters. But preferably us. Everything written and hereby detailed in this book is the express opinion of the author coupled with laws governing real estate on a local, state, and federal level. MGNI (M. Götz Negocios Inmobiliarios) Nicaragua 6045, Palermo Hollywood Buenos Aires, Argentina www.mgotz.com © All rights reserved | 2024 © Queda hecho el depósito que marca la Ley 11.723 | 2024
Table of Contents
To begin, briefly
I. Why I wrote this
Chapter 1 - By The Numbers: Purchase
Chapter 2 - By The Numbers: Rental
About the Author
To begin, briefly Why I wrote this There is so much information out there; some good, some not so good, some incomplete, some faulty. To put it succinctly, I wanted to be the go-to person who would, in writing, explain real estate to the non-local crowd, and with a level of English that could a) guarantee nothing would be lost in translation and b) present itself as a fun read.
Chapter 1 - By The Numbers: Purchase
Iam so (pleasantly) surprised by the sheer amount of foreigners who contact me, all with the same comment at one point or another: they love Argentina. They love Buenos Aires. They love the culture. They want to stay here, live here, marry here, die here. So when I’m asked for a meeting to delve further into buying property, the two most-asked questions, in this order, are (and I’ve ran the numbers on this): (1) Is it easy for a foreigner to buy property in Argentina? (2) Can the government seize my property? The answer to the former is a resounding ‘yes’, and just as resounding a ‘no’ for the latter. Selling it, down the line, if and when you decide to do so, will encompass a few more hoops to jump over and a few more taxes to be paid. If you’re in it for the long-haul, as some of our clients are, this is something you need not even concern yourself with. But either way it’ll be covered in our next part. By the way, the third most-asked question is ‘can I buy property with Argentine Pesos?’ Undoubtably enticed by the weak Peso set against the US Dollar or Euro or British Pound, the prospect of an investment such as real estate becomes just about as sweet as sweet can be.
In my previous book, we talked all about the process of property purchase, so we won’t get into that now. Please find, below, a chart indicating what you might expect in terms of closing costs, in addition to the actual payment of the property purchased.
Chapter 2 - By The Numbers: Rental
In the same vein as with purchasing, the renting of any given piece of real estate in Argentina brings with it monthly payments - some you may expect while others may come as a surprise. As such, the following page features a chart we’ve drawn up, indicating what those costs are, to whom they belong when it comes to pay, and so on.
About the Author
Max was born in the city of BA and raised in the Northern suburbs of Buenos Aires, to Argentine parents andheavily influenced by his native New Yorker grandparents (Howard Beach) and his New York- raised mother, a seasoned professor of English, later director of English departments in some of the most prestigious institutions around the suburbs of BA. This, early on, imbued him with a love for all things related to the English language, and allowed him to have a foot in both the international and local culture, being able to marry them seamlessly when it came to international transactions. Max attended Universidad del Salvador (law school) but later turned his interest to real estate, attending Universidad de la Matanza. Real estate melds two things he loves: people and the piecing together of property-related deals, as they are all ‘tailor-made suits’. Each case different, every client with his or her own needs and wants. No two days at the office are the same.