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Argentina
Best Land Values in the World

Late 2001, the Argentines removed the peg between their peso and the U.S. dollar...devaluing the Argentine currency, which fell, at its lowest point, to 4:1 against the Greenback. This crisis situation opened a window of opportunity during which savvy investors, led by our editors, bought primo Buenos Aires apartments for one-fourth their former values...and expansive tracts of land elsewhere in the country for $25 an acre and less.

This is a market of big ups and downs, and values have risen steadily since the 2001 crisis. Today, though, Argentina continues to offer some of the best land values in the world. Indeed, this is the best place we know to shop if you're in the market for a big spread to call your own.

It's also the place to look if you've ever day-dreamed about producing your own fruit of the vine.  You could invest in a planted vineyard...or establish one of your own. Argentine wines have historically been consumed primarily in-country but are increasingly exported, and the country's Malbec grape is making a name for itself worldwide.

Outside Buenos Aires, Argentina boasts one of the most affordable costs of living on earth.


Argentina at a Glance

Population  40.3 million (July 2007)
Gross Domestic Product (GDP)  $523.7 billion (2007)
GDP Per Capita  $13,000 (2007)
Inflation Rate  8.5% (2007)
Currency  Argentine Peso (ARS)
Exchange Rate Versus U.S. Dollar   3.1105 pesos per 1 U.S. dollar 
Language  Spanish (official)
Capital  Buenos Aires
Population of Capital City  3 million
Time Zone  GMT minus 3
Seasons  Subtropical to subpolar;
 North: hot summers, mild, drier winters
 Central: hot summers, cool winters
 South: warm summers, cold winters   
International Dialing Code  54
Electricity  220V / 50Hz; Plug Types: C, I 
System of Government  Federal Presidential Republic
Name and Party Affiliation
of Current Leader		  Cristina Fernandez de Kirchner
 Justicialist Party
Income Tax Rate for Residents  9% to 35%
Property Tax  1.25% (0% in Buenos Aires)
Capital Gains Tax  None
Inheritance Tax  None
Rental Income Tax  21%
Transfer Tax  1.5%
Sales Tax  21%
Restrictions on Foreign
Ownership of Property 		 Foreigners need approval to buy in security zones
 (international borders)
Local Chamber of Commerce
www.cac.com.ar
Av. Leandro N. Alem 36
C1003AAN Buenos Aires
Tel. 5411-5300-9000
American Chamber of Commerce
www.amchamar.com.ar
Viamonte 1133 Piso 8
C1053ABW Buenos Aires
Tel. 5411-4371-4500
Primary Exports  soybeans, petroleum, gas, vehicles, corn,
 wheat
Residency and Visa Requirements   Tourist Visa: automatic 90 days upon entry
 Residency: work, study, investor, retirement,
 rentista, medical treatment, and cultural 
 exchange 
 Citizenship: after uninterrupted documented
 residency of at least two years   
Special Benefits for Foreign 
Residents or Retirees		  None
National Airline  Aerolineas Argentinas
 www.aerolineas.com.ar
Preferred Contact                      Reynolds Propiedades & Relocation
                             Tel: 54-11-4801-9291
                                reynoldspropiedades@liveandinvestoverseas.com
                               www.argentinahome.com

Map of Argentina
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