01 / 0410 de febrero de 2021 · Mercado inmobiliario
House Hunting in Argentina: A Historic Flat in Central Buenos Aires
Por Roxana Popescu
Compradores internacionales, requisitos de compra y financiamiento en Buenos Aires.
ELIAS KIER JOFFE EN ESTA NOTA 3 menciones
Elias Kier Joffe, the managing partner of Kier Joffe, a Buenos Aires law firm, said that home buyers in Buenos Aires were about 90 percent local before the pandemic, with the remaining foreign buyers coming mostly from the U.S., Canada, Spain and Italy.
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Foreign buyers are not restricted from purchasing real estate in Argentina. All purchasers must register for an Argentine tax identification number, Mr. Kier Joffe said, adding that it is easy to obtain in person or from afar with a power of attorney.
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Bank financing for home purchases in Argentina is rare, and down payments must be large, so most purchases are made in cash, Mr. Kier Joffe said. He also recommended hiring a lawyer, who will charge an hourly rate or a percentage of the purchase price, usually not more than 1 percent.
02 / 046 de diciembre de 2020 · Sucesiones
Maradona: Why the football icon’s inheritance could be messy
Por Joshua Nevett
La complejidad de la herencia de Diego Maradona y el papel de los testamentos en Argentina.
ELIAS KIER JOFFE EN ESTA NOTA 3 menciones
"I predict that the inheritance process will be a mess," Elias Kier Joffe, a lawyer based in Argentina's capital Buenos Aires, told the BBC. "I suspect it will take some time to sort out."
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At least five properties in Argentina but, as Mr Joffe said, "no Beverly Hills mansion"
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"The culture of Argentina is not to draft a will. Most people don't," Mr Joffe said.
03 / 04
25 de julio de 2018 · Inversión inmobiliaria
House Hunting in … Argentina
Por Vivian Marino
La mirada de los compradores extranjeros y el proceso de adquisición de propiedades.
ELIAS KIER JOFFE EN ESTA NOTA 4 menciones
Elias Kier Joffe, the managing partner of the Buenos Aires law firm Kier Joffe, said foreign buyers in particular have been wary of the economic uncertainty: “They want to wait and see, just in case there’s an opportunity.”
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But he and other real estate professionals remain optimistic about the market’s eventual recovery. “Every five years you have a small crisis,” Mr. Joffe said. “The prices eventually go up.”
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Most foreign buyers are from the United States, Britain, Italy and Spain, Mr. Joffe said, adding that he has also seen interest from Australians. “Buenos Aires is known as the Paris of South America,” he said. “International people would like to have an apartment there, just as they would like to have an apartment in Miami or New York.” The Recoleta neighborhood typically attracts older buyers, he said, particularly retirees or those who have business in the city. Younger buyers prefer trendier areas like Palermo Soho, he said.
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The buying process is fairly straightforward, Mr. Joffe said: After an offer is made and a price agreed upon, the buyer provides a down payment, usually around 30 percent of the sale price. A date is set for the closing, at which time the deed is transferred through a notary public. The notary is also responsible for overseeing the title search and ensuring that all taxes on the property have been paid at the time of closing.
04 / 04
15 de mayo de 2013 · Asesoramiento legal
House Hunting in ... Argentina
Por Nina Roberts
El acompañamiento legal a compradores extranjeros ante las restricciones cambiarias.
ELIAS KIER JOFFE EN ESTA NOTA 2 menciones
There are no restrictions on foreign buyers, but financing must be obtained at home, as Argentine banks generally don’t provide mortgages. Elias Kier Joffe, the managing partner of the Buenos Aires law firm Kier Joffe, described real estate transactions as straightforward, explaining that Argentines typically rely on notaries public and don’t hire lawyers.
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But given the recent restrictions on foreign currency, Mr. Joffe strongly suggested that foreign buyers hire a lawyer, even before contacting an agent for a property search. The lawyer, notary and closing costs together make up about 3 percent of the sale price, he said.
