What you need to know
before investing in Argentina
Legal, capital, macro, market — no pitch, just signal.
How a foreigner legally owns Argentine real estate
100% foreign ownership is permitted. You need a CUIT, a local bank account, and either a personal appearance or poder especial. Three main structures: direct escritura, fideicomiso, or an Argentine company (SRL/SA).
Understanding the Fideicomiso
An Argentine trust structure for pre-construction real estate. Funds are held by a trustee and released only on verified construction milestones — legally segregated from the developer.
Moving USD into Argentina: three compliant mechanisms
Capital controls have been dismantled. Three legal entry routes: MEP dollar (bond cross-trade), CCL (equity cross-trade), and direct SWIFT wire. FX spread is now ~1% — near parity.
AML and documentation requirements
Standard OECD-equivalent documentation: source of funds declaration, 2 years of bank statements, corporate structure docs if investing via entity, and ID verification.
The Milei reform timeline
Dec 2023: devaluation + fiscal emergency. Jan 2024: first surplus in decades. 2025: cepo dismantled, FX spread collapses. 2026: mortgage market reactivating, USD prices at decade lows.
Why Vaca Muerta creates durable property demand
#2 global shale gas reserve. 40+ operators including Chevron, Shell, and ExxonMobil. Production up 20%+ per year. Neuquén population growing rapidly — structural demand, not cyclical.
Buenos Aires: the only major capital where prices fell
Prime BA residential is at 2003 levels — down 40% from its 2019 peak. Miami +85%, Madrid +52%, London +40% in the same period. The conditions that caused the divergence are reversing.
The Numbers Don't Lie
Buenos Aires is the only major capital in the Americas where USD real estate prices have fallen since 2018. Every other city is up 12–85%. The gap is not subtle.
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