One- and two-room units are the most sought after by those who want to enter the money laundering process. Palermo, Belgrano and Barrio Norte, the most sought after neighborhoods
The recent regulation of money laundering has begun to significantly transform the real estate market in Argentina.
The measure, promoted by the AFIP, gives the possibility of regularizing assets and holdings up to a value of US$100,000 without being subject to paying taxes, as well as investing the laundered money in real estate projects. In this sense, investors are reorienting their strategies towards the real estate sector, specifically towards properties that offer profitability and a privileged location.
“Since the implementation of the measure, inquiries about properties have increased considerably, revealing a clear interest in small units, such as one or two-room apartments. Buyers are also prioritizing location, with neighborhoods such as Palermo, Belgrano and Barrio Norte leading the demand. These sectors not only offer an excellent quality of life, but also represent a solid investment in terms of future appreciation,” said Rodrigo Saldaña, Commercial Manager of Oslo Properties.
Payment methods are changing in the market
On the other hand, this new scenario is also transforming payment methods in the real estate market. Although the regulations allow laundering up to US$100,000 without taxes, many investors are willing to allocate higher amounts to these properties.We have a ticket range that is reaching up to US$160,000 because there are investors who propose making a split payment.“That is, an advance payment is made, and after October 1, when they are allowed to access the regularized funds, the remaining balance is completed,” added Oslo Properties.
Strong interest in well-developed properties
He bleach It allows undeclared assets to be externalized with tax benefits. For works that are up to 50% complete, the tax rate is 0, depositing the money until September 30, while there is time until December 30, 2025 to choose which development, registered with the AFIP, will be invested in.
These types of properties have attracted particular interest from buyers. These units, whose value ranges mostly between US$100,000 and US$120,000, offer an attractive option for those looking to invest in developments with growth potential and a quick revaluation. The possibility of acquiring these units at competitive prices, combined with the advantage of regularizing the funds destined for their purchase, is generating a notable increase in inquiries. “For developments that have less than 50% of the work completed, the tax rate for the money laundering is zero. It is something very attractive that is worth taking advantage of,” he said. Mali Vazquezexecutive director of CEDU.
He money laundering has injected a new impetus into the real estate market, generating greater dynamism and reviving sectors that had been stagnant. This phenomenon is expected to continue in the coming months, as investors become familiar with the new market rules.
In the long term, it is expected that the money laundering have a positive impact on the real estate market, consolidating the trend towards investment in high-quality properties and encouraging the development of new projects.
Source: Ambito
