The Limited Times

Now you can see non-English news...

After the rent law, now in the Government they suggest that empty apartments could be taxed


Minister Ferraresi's suggestion generates uncertainty amid the laundering of dollars to invest in construction.

05/07/2021 11:56

  • Clarí

  • Economy

Updated 05/07/2021 12:04

The rental law, which was

intended to defend tenants

, ended up generating

fear among many of the owners

, who preferred to withdraw their properties from the rental market or, directly, raise prices by about 55% in the City of Buenos Aires, much

for above the salary increase.

Controls over a market that had been rising below inflation 

complicated tenants.

And on Thursday a new "noise" was added to the market, when the government suggested that

a tax could be imposed on empty apartments


The Minister of Territorial Development and Habitat,

Jorge Ferraresi

, affirmed that one of the possible solutions to the increases in house rental prices is the

implementation by local jurisdictions of "a high tax on those who have an idle home.


Although Ferraresi avoided commenting on the law and only pointed out that "it is

very difficult to apply

because four ministries are involved."

He also pointed out that "it is very complex to apply public policies on an issue in which tenant associations speak of about 4 million and

in AFIP there are only 193,000 registered


The mandatory registration of contracts with the AFIP was one of the last measures that the Government also applied with the goal of having control over the sector.

While they put pressure on the sector,

the Government is trying to get those who have dollars stored under the mattress to launder them

to invest, precisely, in the construction sector.

"On the one hand, they draw up a money laundering law aimed at investment in construction and, on the other, they

discourage it

with this type of statements

and affirmations. Expectation and reliability are essential to encourage investment," says

José Rozados

, head of the

Real Estate Report



"When 99.99% of the supply of rental housing is private, what is required is to sustain and encourage that offer to grow, but

it operates with another manual

, one that experience has already shown does

not give results for anyone

Not even in the short term for the tenant, "he added.

From the

Argentine Real Estate Chamber

, they preferred to wait for concrete measures to be announced.

Alejandro Bennazar

, its owner, said that "the opinion of the chamber, according to what we have heard from the public, is that any measure that serves to preserve private property and improve the situation of tenants will be well considered and the we will listen. We have no notification of concrete measures for now. "


Look also

It takes 35 years of rent to recover the investment in a Buenos Aires property

Rentals: what effect could a new freeze on values ​​cause

Rentals in GBA: For the first time, prices beat inflation

Source: clarin

All business articles on 2021-05-09

You may like

News/Politics 2021-03-19T07:35:04.664Z
News/Politics 2021-01-12T14:02:16.295Z
Business 2021-02-01T13:49:57.517Z
Business 2021-02-22T14:16:15.650Z

Trends 24h


© Communities 2019 - Privacy