South America Living

How To Buy Real Estate in Argentina

Ready to invest in Argentina? The basic steps to purchasing real esate as a foreigner are outlined below. You do not need to obtain residency status before buying your new Buenos Aires apartment, Bariloche chalet or Patagonia retreat – even visitors to Argentina with only a Tourist Visa can purchase property. Want to know what expat life may be like?        Blogs About Argentina

Example of Common Argentine Architecture

The primary caveat to embarking on this journey as an expatriate or expat-hopeful is to enlist the assistance of an Argentine Abogado (attorney) and an Escribano (public notary). For a non-Argentine national, completing all the paperwork and filing documents within the labyrinth of government offices you will need to pay homage to will be a very difficult task. If you do not speak fluent Spanish, don´t even consider going it alone.

As well, some areas of the country are in what is called the Zona de Seguridad (secured zone) – created to protect land within 100 kilometers of the Chilean border. For this type of property, you may have to jump through additional hoops than the ones outlined below to gather information about the listing and purchase. Much easier for a qualified Argentine professional than the average International visitor.

Basic Steps to Buying Property in Argentina

  1. Be prepared to be patient in having your purchase completed and title secured in your hot little hands. The process can take anywhere from three months to over a year. A large tract of land or ranch may take longer to purchase than a small home or apartment.
  2. Bariloche

  3. Be prepared to pay 100% cash for your new home or investment
  4. Obtain a CUIL (Clave De Identificación) or individual tax number. You can research the process and complete this step yourself but having your abogado (lawyer) help will save you much headache.
  5. Find your dream home or piece of land.
  6. Verify the title of the property is valid, owned by the person claiming to be rightful owner, and without any tax liens or other claims to the property. In Argentina the public notary (escribano) does this check.
  7. Initiate price negotiations with the owner´s realtor, or the owner directly. This is expected – most listings are overpriced as a matter of course.
  8. Make your offer. If accepted, be prepared to place a deposit on the property (Reserva de Compra) that is held by the realtor or escribano (public notary).
  9. If the owner accepts the agreed-upon price, your attorney will draw-up a boleto de compra-venta (sales agreement).
  10. Patagonia

  11. Make the required down deposit on the house, normally around 30% of the sale price. Will not be returned if you back out of the deal unless otherwise specified.
  12. Have the sale & related documents made official by an escribano (public notary in Argentina).
  13. Research options for and then purchase home owners insurance.

What are the fees for a real estate transaction?

Escribano – approximately 1 to 4% of the property price.
Annual Property Tax – approximately 1% of the value of your property.
Abogodo (attorney) – as agreed upon.
Real Estate Agent – usually 6% – half paid by the buyers and the other 3% by seller.

Who pays the fees?

Seller – 3% of realtor fee (if one is used), transfer tax of 1.5%.
Buyer – 3% of realtor fee (if one is used), notary fees of 1 – 2%.

Moving to Argentina? Want to know about money & costs or how to rent an apartment while you find your dream home? Get your FREE online Living in Argentina Guide .

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Archive of Articles on Argentina

Photograph of Patagonia by Mike Moore, all rights reserved.

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