Argentina Investment: Economy
If you buy Argentina land and property, Argentina’s economy is important. Since currency devaluation in 2002, Argentina has seen strong economic recovery and GDP growth in 2007 was a high 8.7%. Around 6% is forecast for 2008 with a similar pattern forecast for the near future. Argentine property is an essential part of Argentina's economic success and property investment in Argentina offers an excellent choice.
Argentina has high import and export earnings. Foreign direct investment is strong, particularly from the United States and Spain, and multinational companies have relocated to Argentina. Rental Argentina property is in demand from both foreign expat workers and local workers. As Buenos Aires is the country’s main business centre, the decision to buy Buenos Aires land and property for rental accommodation is compelling. A Buenos Aires townhouse is a particularly good choice. Other cities such as Mendoza and Cordoba are main Argentina property investment spots.
Argentina Investment: Tourist Industry
A further consideration when you buy Argentina property is the tourist industry and Argentina offers impressive statistics. Argentina has seen high growth (10% a year since 2003) and tourism accounts for 8.8% of Argentina’s GDP. The ‘Federal Plan for Sustainable Tourism 2016’ is expected to contribute to higher tourist figures. There is plenty of off-plan Argentina building work currently taking place to cope with demand for tourist accommodation. Property investment in Argentina is therefore a wise choice.
Argentina Investment: Property Potential
The decision to buy Argentina property has the potential for high capital gains. The Argentine property market is currently buoyant with Argentina land and property experiencing high price rises since 2002. If you buy Buenos Aires land or property, you can expect promising results – prices for Argentine property in Buenos Aires rose an average of 20% in the first 6 months of 2008.
The rapid increase in Argentina land and property has priced many locals out of the market and there is consequently huge demand for rental Argentina property. Buying in Buenos Aires in the right area can yield an annual 4% to 6% of the original property price in rental income. The Argentine property market is expected to show similar results in the near future, meaning that investing in Argentina land and property is worth considering.
For more information, get the Argentina Land and Property Investment Guide.
