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Argentina great for investors - 27 March 2008
Argentina has certain attractions that make it an irresistible investment location, claims one expert.
Liam Bailey of David Stanley Redfern, explained, “Argentina could offer property investors the chance to make a small fortune. The country is increasingly popular with tourists, anyone with a holiday home to rent out in the country should see their profits increase. Living costs are far lower in Argentina than in Spain which means tourists can have a far cheaper holiday. Rental yields are already around the ten per cent mark, and capital appreciation is conservatively estimated at 15 per cent."
Mr Bailey added, “While there are no restrictions on foreigners buying property in Argentina, investors will need to register for tax. The country has no capital gains, inheritance or gift tax and rental tax is 21 per cent of gross annual income”.
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*Subject to a written positive RealtyCheck, Onpulse property offer to fully refund the client any initial conveyance fee to our Partner Live Overseas should they not wish to proceed with the purchase based upon any legal matter raised by Live Overseas relating to the property title that did not form part of the RealtyCheck Report. This refund is up to a maximum of £1500 per client.