Tickets of up to US$100,000 are the most in demand for the purchase of real estate through money laundering because they are exempt from paying the rate.
Money laundering is generating a notable impact on the real estate market. With its tax incentives, the measure attracted a large number of investors.
“We have many people interested in money laundering. We can affirm that of every 10 current opportunities, four are for bleach. Although the tickets are varied in both small and large units, in recent days greater inquiries have been received on tickets between US$75,000 and US$100,000”explained Federico Rosbaco, CEO of Rosbaco & Partners.
These values are boosted by the exemption from paying taxes on the first US$100,000 invested. However, as Facundo Soldati indicates, those who launder more than that amount can avoid the fine by investing the funds in a real estate project that has been up to 50% complete as of July 8.
What are the most in-demand neighborhoods to invest with money laundering?
“Without a doubt the bleachas it was conceived, will generate a significant flow of money into the sector. In the last two weeks, customer inquiries related to bleach have increased considerably, especially for projects in wells or with less than 50% progress. This is because the law does not require fines for regularized funds invested in real estate developments with less than 50% progress,” Soldati explained. According to his vision, the most sought-after tickets are between US$100,000 and US$200,000, targeting units with up to 3 rooms. Belgrano, Palermo, Villa Urquiza and Recoleta are the Buenos Aires neighborhoods with the most consultations for the bleach are being received.
Competitive prices drive the purchase and sale of real estate
Well projects are the great beneficiaries of the current bleach. According to Leonardo Rodríguez Nader, CEO of CMNV, “the trend suggests that investors are recognizing the opportunity to enter the market at a time when prices are still competitive, with a view to obtaining significant appreciation in the coming years.”
But prices are already showing an increase. According to data from Real Estate Report, properties in CABA increased 12.5% year-on-year in dollars.
“Since the implementation of the bleach and the start of mortgage credit, an increase in demand is expected to put upward pressure on prices, which still remain accessible, compared to historical values in Buenos Aires. The sustained demand and the support of government measures such as money laundering mitigate the risks and make this a solid option to diversify an investment portfolio,” added the developer.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
