Argentine real estate firm exploits land-law loophole to sell Patagonia lakefront to foreigners

A real estate company is advertising a nearly 3,000-hectare private-lake property in Chubut, Patagonia, to foreign buyers, exploiting a legal vacuum in Argentina's land law that restricts foreign land ownership. The Land Observatory flagged the ad, highlighting enforcement gaps. This could signal rising foreign acquisition pressure on strategic land, potentially prompting regulatory tightening.