News of real estate

For less than US$400,000 you can now get Uruguay tax residency

15-06-2020 08:29 Starting in July, foreigners who live at least 60 days a year in Uruguay and buy real estate valued above 3.5 million inflation-linked UI – currently equivalent to US$378,000 – will qualify for tax residency.

ECONOMIC INDICATORS

Just seven properties were sold in Buenos Aires City in April

27-05-2020 15:05 Just seven properties were sold in the capital last month amid the coronavirus lockdown – a 99.7 percent drop in comparison with the same month last year.

BUENOS AIRES

Capital controls, sky-high rates crush local housing market

01-10-2019 08:56 The world’s highest interest rates and a currency that has lost 68 percent of its value since the start of 2018 has led to paralysis in Argentina’s real estate market. Home sales with a mortgage have plunged 87 percent in the province and city of Buenos Aires so far this year.