Having spent time in Argentina the past two years, I can attest to the beauty and opportunity in the land and rivers of this huge country. This year I visited several properties currently available and would be happy to share my experiences with you. I intend to return again next March for a combination fly fishing and real estate adventure. Let me know if you would like to join this tour.
The following is a direct quote from the Mirr Ranches blog.
“Until recently, Argentina had made it extremely difficult for foreigners to own land. The last administrations cut Argentina off from the rest of the globe by focusing on domestic business and ownership and created legislation that hindered foreign purchases of land. Since 2011, it has been difficult to close sales in Argentina due in large part to a law passed by the Fernandez administration that limited foreign ownership to 1,000 hectares, only 15% of Argentina’s land could be owned by foreign entities, restricted ownership of rural lands containing lakes and rivers, and capped foreign possession of land in each region.
That is all about to change. The new Macri administration looks to eliminate a majority of legislation that hinders foreign ownership of land in Argentina. Argentina will no longer require foreigners to obtain a certificate of authorization to receive shares from Argentine entities and if a foreigner owns more than 1,000 hectares or a body of water they can transfer ownership to subsidiary companies or change the agriculture use to meet the existing regulation. Although most of the former legislation still exists, officials expect that the current controls that hinder foreign ownership will be modified by the end of the year.
“We see continued opportunities to represent and sell properties in South American and Patagonia and especially in Argentina over the next several years with the Macri administration reducing some of the barriers to foreign investment and their focus on increasing tourism,” explained Ken Mirr of Mirr Ranches.
It has never been a better time to own land in Patagonia.”