Argentina

Population In Argentina

Population
44.49 Million9.07%
Population Change
40.79 MillionYear 2010

GDP In Argentina

GDP
450Billion7.14%
GDP Change
420 BillionYear 2010

Inflation Rate

Inflation Rate
41.30%97.61%
Inflation Rate Change
20.9 %Year 2010

Unemployment Rate

Unemployment Rate
10.40%35.06%
Unemployment Rate Change
7.7 %Year 2010

Loan Growth

Loan Growth
N/A 0.00 %
Loan Growth Change
N/A

Lending Rate

Lending Rate
67.3 %534.91%
Lending Rate Change
10.6 %Year 2010

Tourism Revenue

Tourism Revenue
N/A 0.00 %
Tourism Revenue Change
N/A

Tourism Arrivals

Tourism Arrivals
6.94 Million2.06%
Tourism Arrivals Change
6.8 BillionYear 2010

Terrorism Index

Terrorism Index
1.68 %-26.32%
Terrorism Index Change
2.28 %Year 2010

Crime Index

Crime Index
N/A 0.00 %
Crime Index Change
N/A

Average Monthly Net Salary

Avg Monthly Net Salary
N/A 0.00 %
Avg Monthly Net Salary Change
N/A

Home Ownership Rate

Home Ownership Rate
N/A 0.00 %
Home Ownership Rate Change
N/A

Housing Price Index

Housing Price Index
N/A 0.00 %
Housing Price Index Change
N/A

Rent Today

Rent Today
N/A 0.00 %
Rent Today Change
N/A

Rent per sq m Today

Rent per sq m Today
N/A 0.00 %
Rent per sq m Today Change
N/A

Rental Yield Today

Rental Yield Today
N/A 0.00 %
Rental Yield Today Change
N/A

Price to rent ratio today

Price to rent ratio today
N/A 0.00 %
Price to rent ratio today Change
N/A

Price to gdp per cap

Price to gdp per cap
N/A 0.00 %
Price to gdp per cap Change
N/A
Argentina The laws regarding property in Argentina allows the foreigners to invest in the property without any restrictions. A CDI (tax ID) number shall be obtained from the Government prior to buying any property. At the same time, an Argentinean representative shall be appointed by the nonresidents to pay the property tax. It is important to mention that middle as well as high end real estate in the country is always carried out in US$ cash. This rule applies to both the locals as well as foreigners. Bringing the US dollars into the country for such transaction is not free as the withdrawal of money from the bank is always taxed. A buyer is required to buy US dollars with the Argentine Peso in order to make the conversion of the currency back to its previous form in all the real estate transactions. The private broker charges around 2 percent for all kinds of services regarding the transactions. In terms of security payment, a total of 30 percent of the purchase price is expected to be given upon the registry as the down payment. This is held in trust by real estate agent. The security deposit cannot be refunded if the buyer pulls himself out of such transaction. All the payments are settled and the official transfer deed is then signed. All kinds of taxes involved during the purchase of real estate in Argentina are imposed by the local authorities like the provincial or municipal governments. The entire process of purchase takes a total period of two months. The only important documentation which is required by the foreigner includes a Tax ID that could be obtained from a Notary Public. The notary fees for the purpose of registration is mostly negotiable and it typically rests between 1 to 1.50 percent. The registration fees as well as related costs rest at around 0.20 percent of the total property value. The transfer tax has been fixed at 1.5 percent of the total value of the property. VAT is also payable for all the new buildings which rests at the rate of 10.5 percent. The stamp tax is charged at the rate of 3.60 percent

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