Buying a property in Patagonia: a complete guide

All sources have been thoroughly verified for credibility. Furthermore, a local real estate expert has reviewed and approved the final article.

Yes, the analysis of Patagonia's property market is included in our pack

Considering buying a nice property in Patagonia? You're not alone!

Actually, a lot of people fantasize about the Patagonian landscapes and would love to have, for example, a ranch or an estancia there.

Would it be a smart investment, though? Are property prices increasing in Patagonia? How much does it cost? Is it better to invest in El Calafate or Bariloche? What about the taxes? Where can you get a yield above 7%?

We've figured it out for you.

At TheLatinvestor, we know this market inside and out. Actually, we've compiled all our findings in one pack. Get it now.

In this article, get ready to receive valuable insights from us.

How is the property market in Patagonia?

Confused about the property market's status? Everyone has their views. As for us, we prefer stick to new data and stats for clear conclusions.

Property types

In Patagonia, you can find various types of properties for sale, including rustic cabins nestled in the mountains, charming cottages near pristine lakes, spacious ranches with vast open landscapes, cozy homes in quaint villages, and modern houses in urban areas.

Whether you're looking for a tranquil retreat, a nature lover's paradise, a rural escape, a close-knit community, or a contemporary living space, Patagonia offers a diverse range of property options to suit different preferences and lifestyles.

What's better: buy or rent?

(In case you want it for yourself, not for rental purposes)

If Patagonia has captured your heart as your destination of choice, you might be considering whether it's better to buy a property or opt for renting in this breathtaking region.

Usually, buying is better than renting in Patagonia due to its low cost of living and abundance of natural beauty.

However, should flexibility be your priority, renting is the best option.

Property pricing in Patagonia

On average, according to the updated data from Instituto Nacional de Estadística y Censos (INDEC), buying a property in Patagonia would cost you around $1,500 per square meter.

Obviously, there are significant differences. The value of a square meter for a remote cabin in Patagonia might differ from a lodge in a popular tourist area. We actually offer a more in-depth analysis in our pack for buying property in Patagonia and in Argentina.

To put things in perspective, it means that, instead of buying an apartment in New York, you can get 9 properties in Patagonia.

Also, housing prices in Patagonia are way cheaper (-40%) than in Buenos Aires.

The most expensive places in Patagonia are probably Bariloche and El Calafate, while the cheapest are likely to be small towns and villages in the more rural areas.

Trends

First and foremost, we have to acknowledge that Argentina is widely recognized, today, as a stable country. The last Fragile State Index that has been reported for this place is 47.9.

Don't overlook this while weighing the pros and cons of buying a property in Patagonia.

However, this low number is just for the short-term, as Argentina's economy is expected to soar by 7.4% in the coming 5 years, resulting in an average GDP growth rate of 1.5%.

If you want to invest in real estate in Patagonia it's a good thing because, in a growing economy, citizens experience rising incomes that allow them to invest in real estate, either for personal use or as a profitable asset, contributing to the increased demand for properties.

Also, in Argentina, the average GDP per capita has changed by -1.3% over the last 5 years. It's not a good number.

Looking for more updated data? We've done a big-picture study to find out if it's a good idea to purchase property in Argentina right now.

Buying property in Patagonia

It can be challenging to purchase property in Patagonia due to the lack of reliable and up-to-date information available. That's why we have created the pack to buy property in Patagonia and in Argentina.

Buying process

In the pack of documents we have built, we've covered everything about buying a property, from the contacts you'll need to the taxes that need to be paid, and even where to look for available properties.

Now, we're presenting a simpler version to make it easier for you to understand and follow along.

This is the step-by-step process to purchase a property in the Argentinian Patagonia:

1. Research properties in Patagonia's specific regions (e.g., Neuquén or Chubut).
2. Engage a local real estate agent familiar with Patagonian regulations.
3. Verify property ownership through the "Cédula Catastral" (property registry certificate).
4. Make an offer and negotiate in accordance with Patagonian market trends.
5. Hire a lawyer experienced in Patagonian property law to review "Boleto de Compraventa" (preliminary contract).
6. Conduct a property inspection, considering Patagonia's unique environmental conditions.
7. Secure financing through local banks or arrange funds in Argentine pesos (ARS).
8. Complete due diligence, including "Certificado de Dominio" (ownership certificate) and "Informe de Dominio" (title search report).
9. Sign the "Escritura" (property deed) before a notary public.
10. Pay the deposit or down payment directly to the seller's bank account.
11. Fulfill any special requirements set by Patagonian authorities for foreign buyers.
12. Finalize the transaction by registering the Escritura with the local "Registro de la Propiedad" (Property Registry) to transfer ownership.

Note: The above information is a general guide to purchasing property in the Argentinian Patagonia. Please consult with local professionals and authorities for specific details and current regulations.

Also, if you're not from the country, you might want to check our article on how to buy property as a foreigner in Argentina.

Where to find a property

Explore these websites to find properties in Patagonia:

• Ricardo Sacco - A real estate agency specializing in property sales and rentals in Trenque Lauquen.
• Vision - A real estate platform that allows users to search for properties for sale or rent in the General Pico area, La Pampa, Argentina.
• Ginestet - Another real estate agency located in General Pico, La Pampa, Argentina.
• Realigro - A real estate platform specializing in property listings for sale in Argentina.
• Property Finder - Property Finder Argentina is a real estate platform that helps users find properties for sale and rent throughout Argentina.

Also, know that we have included contacts of real estate agencies, property lawyers, moving companies, expats communities and more in our pack for buying property in Argentina.

Which properties for which budget?

As mentioned before, the average price per sqm in Patagonia is $1,500. A 1-bedroom property of 60 square meters would cost approximately $90,000, while a 2-bedroom property of 85 square meters would cost approximately $128,000.

However, the amount you pay for a property can be different based on its characteristics and where it's found.

Investing in real estate in Patagonia's prime locations often comes with a heftier cost. An apartment in San Carlos de Bariloche could be around $170,000, while a condo in Bariloche might cost about $160,000.

Some locations are not as expensive. You might locate a property in Rio Gallegos for $70,000, or you could find a property in Comodoro Rivadavia priced at $60,000.

We give a more detailed pricing list in our full pack for buying property in Argentina.

Risks and pitfalls

Here are the main pitfalls specific to buying property in Patagonia (Argentina)

• Indigenous land claims and disputes over ownership rights.
• Exposure to fluctuations in the Argentine peso, affecting property value and investment returns.
• Limited availability of utilities and public services in remote areas.
• Access challenges due to vast distances and rugged terrain.
• Environmental regulations impacting construction and land use.
• Extreme weather conditions like volcanic eruptions and avalanches.
• Language barriers when dealing with local transactions and documentation.
• Potential risks related to the volatile Argentine real estate market.

We don't want this to happen to you, so we have included a full checklist for your property investment in our pack of documents. Avoid these mistakes and save a lot of money.

Everything you need to know is included in our Argentina Property Pack

Living in Patagonia

Living in Patagonia is an experience like no other, with breathtaking scenery, a unique culture, and endless outdoor activities to explore.

Cost of living

The cost of living in Patagonia is generally higher than in other parts of Argentina, but still quite affordable compared to more developed countries. Prices for basic goods and services are similar to those in the United States and Europe, but the cost of housing is much lower.

Here are some examples to better understand the cost of living in Patagonia:

• Rent for a one-bedroom cabin in El Calafate's "La Zona de Chacras": $900 per month.
• A meal at a local restaurant with "Cordero Patagónico" (Patagonian Lamb): $25.
• Monthly bus pass for local transportation in Bariloche: $40.
• Utilities (electricity, water) for a small cabin in Puerto Natales: $80 per month.
• A traditional "Calafate Sour" cocktail made with local Calafate berry liqueur: $7.
• Entrance fee to the "Perito Moreno Glacier" viewpoint: $25.
• Monthly membership at a gym in Ushuaia, the southernmost city: $50.
• A bottle of "Beagle" craft beer from Ushuaia Brewery: $6.

Areas and spots

We want to show information in an easy-to-understand way. So, we made a summary table that lists the different parts of Patagonia. For yields, prices and rents, check our property pack.

Place	Description	Strengths	Weaknesses
Bariloche	Located in the Andes, Bariloche is a popular destination for both winter skiing and summer tourism. Its picturesque landscapes and outdoor activities make it a potential hotspot for property investment.	Tourist magnet, all-season demand, natural beauty, adventure sports.	Seasonal fluctuations, potential environmental concerns.
El Calafate	Home to the stunning Perito Moreno Glacier, El Calafate draws tourists from around the world, ensuring a steady stream of rental income for potential investors.	World-famous glacier, year-round tourism, growing popularity.	Relatively remote location, limited local population.
Ushuaia	Known as the southernmost city in the world, Ushuaia offers unique selling points for investors looking to capitalize on its polar explorations and growing ecotourism.	End-of-the-world appeal, eco-adventures, increasing cruise ship visits.	Harsh climate, distance from major cities.
Esquel	Esquel serves as a gateway to Los Alerces National Park and attracts nature enthusiasts, offering opportunities for eco-lodges and outdoor experiences.	Proximity to national park, nature-focused clientele, tranquil atmosphere.	Limited air connectivity, potential seasonal downturns.
Puerto Madryn	Famous for its marine wildlife, Puerto Madryn appeals to tourists interested in whale watching and penguin colonies, providing an opening for property investment in tourism-related ventures.	Marine biodiversity, whale watching, proximity to wildlife reserves.	Relatively small local market, dependence on seasonal wildlife migrations.
San Martin de los Andes	Surrounded by mountains and lakes, San Martin de los Andes attracts nature lovers and adventure seekers throughout the year, making it a promising location for eco-resorts and vacation rentals.	Natural beauty, outdoor activities, growing popularity.	Accessibility, potential competition from nearby Bariloche.
El Chalten	As the trekking capital of Argentina, El Chalten appeals to hikers and climbers exploring the iconic peaks of Fitz Roy and Cerro Torre, creating opportunities for accommodation and adventure tourism investments.	Hiking hub, iconic peaks, adventure tourism potential.	Seasonal fluctuations, remote location.

Life in Patagonia

The economy of Patagonia is largely based on agriculture, forestry, and tourism, with fishing, mining, and energy production also playing a role. The region has seen significant economic growth in recent years, thanks to increased investment in infrastructure and an influx of foreign visitors.

What expats usually like the most in Patagonia are the stunning landscapes, with snow-capped mountains, glacial lakes, and vast grasslands, as well as the unique outdoor activities like hiking, kayaking, and horseback riding.

Also, you have to know that Patagonia's weather can be unpredictable and harsh, with strong winds and rapid changes in conditions due to its remoteness.

Access to healthcare in Patagonia is generally good, with a variety of public and private health services available.

Renting out in Patagonia

If you're considering purchasing property solely for renting and earning income, you'll find valuable information in this section.

Long-term

According to the data reported by Wikipedia, the home ownership rate in Argentina is 69%, which is average.

When people buy in Patagonia it's usually to live there, and not to rent out.

If you decide to rent out long-term, you might want to target outdoor adventurers and nature lovers who are looking for an extended stay in Patagonia. These tenants could range from hikers and climbers to eco-tourists and retirees.

Here is a little summary table we've made for you.

Property type and area	Profiles of potential tenants	What they are looking for	Expected monthly rent in $
Cabin in San Carlos de Bariloche	Tourists, nature enthusiasts	Mountain views, outdoor activities	$800 - $1500
Apartment in El Calafate	Travelers, tourists	Proximity to glaciers, national parks	$600 - $1200
Country House in Esquel	Retirees, families	Peaceful surroundings, rural lifestyle	$1000 - $2000
Studio Apartment in Ushuaia	Adventure seekers, researchers	Nearness to Antarctica activities	$700 - $1300

Now, you will probably ask us about the yields. Unlike other places, giving you an average rental yield for Patagonia is though. The region is quite varied. For example, rental yields in cities like San Carlos de Bariloche and Ushuaia differ from those in remote areas.

Finally, know that, in Argentina, the taxes will be around 21% of the total rental income.

Short-term

You could also decide to rent short-term to hikers, climbers, or other outdoor adventurers visiting Patagonia for a short period of time. Additionally, you could target travelers looking for a unique experience in Patagonia who are looking for a short-term rental.

If you decide to go with that option, look for properties in Bariloche, San Carlos de Bariloche, El Bolsón, El Calafate, and Ushuaia. These areas are popular tourist destinations and offer great investment opportunities.

Is it worth buying real estate in Patagonia (Argentina) then?

Absolutely, buying a property in Patagonia, Argentina can be an incredible decision for certain individuals and profiles. If you're a nature enthusiast, outdoor lover, or retiree seeking tranquility, Patagonia's breathtaking landscapes and outdoor recreational opportunities make it a dream destination.

Owning a property here means having immediate access to stunning natural beauty, from mountains to lakes, and enjoying activities like hiking, skiing, and kayaking. Patagonia is a serene escape from the hustle and bustle of urban life, making it perfect for retirees or those in search of a second home. Additionally, investors may find potential in Patagonia's real estate market, especially in tourist hubs like Bariloche and El Calafate. A growing economy and rising incomes can drive demand for properties, offering income potential.

However, it's not for everyone. Financial constraints can be a significant hurdle, as Patagonia's property prices can be high, and the cost of living may vary. Accessibility can be challenging due to remote locations and harsh weather, and maintaining properties in this rugged environment can be demanding.

Moreover, the real estate market's uncertainty should not be underestimated, as it can be subject to fluctuations and risks. So, while Patagonia's allure is undeniable, it's essential to weigh your financial stability, lifestyle needs, and long-term goals carefully. Patagonia might be a paradise for some, but for others, it could turn into a challenging and costly endeavor if not approached with caution and thorough research.

The content provided here is for informational purposes only and does not imply endorsement or advice. While we strive for accuracy, we do not guarantee the completeness or reliability of the information, including text, images, links, or other elements in this material. Following the content and analyses presented here does not assure specific outcomes. For guidance tailored to your individual circumstances, it is recommended to consult with a professional, such as a lawyer, accountant, or business advisor.