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The new real estate map: what changes with tax innocence and the question that keeps property investors awake at night - La Nacion Propiedades
Source:
www.lanacion.com.ar
January 26, 2026
By Mali Vazquez
Housing remains the safe haven asset for ArgentiniansDaniel Basualdo
The combination of the Tax Innocence Law , the release of dollars from the money laundering scheme , and the new exchange rate system opens, without exaggeration, a different chapter for the Argentine real estate market .
Not because it automatically solves the sector's structural problems, but because it modifies one of the most sensitive variables: the link between private savings and the formal system . The challenge is no longer just anticipating greater demand, but assessing whether the sector is truly prepared to channel it into viable, formal projects with the capacity to scale.
For years, so-called "mattress dollars" served as a symbol of chronic distrust. Savings outside the system, immobile, expressing more fear than a lack of interest in investing.
Tax Innocence introduces a significant change to this climate: it reduces the perceived risk of entering the formal financial system and restores predictability for the average taxpayer. It's not just about raising or laundering funds, but about rebuilding a minimum framework of trust between the State and those who save.
Tax innocence reduces the perceived risk of entering the formal economy. Shutterstock
In this context, real estate is naturally returning to the forefront. Housing remains the quintessential safe haven asset for Argentinians, but now with a significant new development: the possibility of buying off-plan, with clearer rules and no implicit penalties . Families dreaming of homeownership, small investors once again eyeing pre-construction projects, and developers who can structure trusts more formally are all beginning to align themselves, and this is no small matter.
However, the fact that there is more capital willing to go out does not automatically guarantee more work.
The main bottleneck in recent years was, and continues to be, profitability. High construction costs in dollars, significant tax pressure, and sales prices that have not yet fully recovered have left many projects teetering on the brink of viability . The market may be eager to invest, but without profitable numbers, investment won't materialize.
More capital willing to flow out does not automatically guarantee more construction projects. JULIAN BONGIOVANNI
The central question is not just whether there will be demand, but whether the new projects will be economically viable.Ricardo Pristupluk
For the Tax Innocence to effectively translate into more cranes, more square meters built and more new housing, it will be necessary to advance a complementary agenda : a review of the tax burden on formal construction, stable rules and a financing scheme that accompanies the production cycle.
www.buysellba.com
Source:
El nuevo mapa del ladrillo: qué cambia con la Inocencia Fiscal y la pregunta que desvela a quienes invierten en propiedades
El mercado inmobiliario argentino está viviendo un nuevo capítulo
www.lanacion.com.ar
January 26, 2026
By Mali Vazquez
Housing remains the safe haven asset for ArgentiniansDaniel Basualdo
The combination of the Tax Innocence Law , the release of dollars from the money laundering scheme , and the new exchange rate system opens, without exaggeration, a different chapter for the Argentine real estate market .
Not because it automatically solves the sector's structural problems, but because it modifies one of the most sensitive variables: the link between private savings and the formal system . The challenge is no longer just anticipating greater demand, but assessing whether the sector is truly prepared to channel it into viable, formal projects with the capacity to scale.
For years, so-called "mattress dollars" served as a symbol of chronic distrust. Savings outside the system, immobile, expressing more fear than a lack of interest in investing.
Tax Innocence introduces a significant change to this climate: it reduces the perceived risk of entering the formal financial system and restores predictability for the average taxpayer. It's not just about raising or laundering funds, but about rebuilding a minimum framework of trust between the State and those who save.
Tax innocence reduces the perceived risk of entering the formal economy. Shutterstock
In this context, real estate is naturally returning to the forefront. Housing remains the quintessential safe haven asset for Argentinians, but now with a significant new development: the possibility of buying off-plan, with clearer rules and no implicit penalties . Families dreaming of homeownership, small investors once again eyeing pre-construction projects, and developers who can structure trusts more formally are all beginning to align themselves, and this is no small matter.
However, the fact that there is more capital willing to go out does not automatically guarantee more work.
The main bottleneck in recent years was, and continues to be, profitability. High construction costs in dollars, significant tax pressure, and sales prices that have not yet fully recovered have left many projects teetering on the brink of viability . The market may be eager to invest, but without profitable numbers, investment won't materialize.
More capital willing to flow out does not automatically guarantee more construction projects. JULIAN BONGIOVANNI
The question that reveals
The central question for 2026 is not just whether there will be demand, but whether new projects will be economically viable . If the situation doesn't improve and the tax burden continues to absorb a significant portion of the final price per square meter, much of that money will be channeled into existing housing or simpler investment options, with little impact on employment and production.
The central question is not just whether there will be demand, but whether the new projects will be economically viable.Ricardo Pristupluk
For the Tax Innocence to effectively translate into more cranes, more square meters built and more new housing, it will be necessary to advance a complementary agenda : a review of the tax burden on formal construction, stable rules and a financing scheme that accompanies the production cycle.
www.buysellba.com
