Downtime Again

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Latest Argentina News

I have taken this extract from a larger article posted on Property Wire. It can be found in its entirety here. However the bit that interests me is that about Argentina of course. Have a read and see what you think.

Argentina is a strong contender to catch up. 'Argentina is simply the best place in the world right now. Buenos Aires is one of the world's greatest and most liveable cities,' said Doug Casey, founder of US based Casey Research, an independent investment research organisation.

Why you might ask? 'The country is running a massive balance of trade surplus. The government is running a big fiscal surplus. Rich Europeans are piling in since Argentina is ethnically and culturally the most European country in the world,' he added.

He has personally invested in the country and is now in the process of developing 1,200 acres in Cafayate in Patagonia which he describes as the new Aspen. A world class golf course, spa, health club, vineyard and equestrian facilities are included in the plan.

Certainly the figures point to Argentina having great potential. Property prices have risen 50% since 2002. The government backed tourism industry has grown 10% year on year since 2003. Property prices are around a tenth of the European equivalent.

Argentina has beaches, ski centres, mountains to climb, the pampas to ride across, it's just that not everyone knows it yet. The number of tourists is predicted to increase to around 10 million by 2010.

Although there are a large number of hotels being built and Buenos Aires has turned into a building site, there is a growing demand for rental properties giving investors the opportunity to enjoy solid and sustained growth, according to Obelisk.

Buy to let property owners can expect rental income worth up to 6% of the original purchase price per year in the more popular neighbourhoods of Buenos Aiores, its Argentina Report states.

A new wave of boutique properties, re-built historic lodges and chalets are particularly popular according to Maria Reynolds of Reynolds Propiedades.

'The government of Argentina recognizes that foreign investment plays an important role in the continuing development of the economy and maintains a favourable investment policy through a number of incentives,' said a spokesman for Sothebys Realty Buenos Aires office.

USA OK

Where can you get a great investment property for the price of a mid sized family car in the UK that will get you up to 30% return on investment each year rather than depreciating as soon as you drive it off the forecourt? (Just to say that it will not take you to Sainsburys though.) The good old US of A of course. Let's look at it from this point of view.

There is a huge credit crunch in the uSA meaning that the poor Americans who voted George W Bush in cannot get access to funds to buy a house. At the same time with fuel prices rising and household expenditure rising fast as a result house prices are falling quickly. However what if you could find a place that had dropped to what really should be the floor price and had only one way to go, up, although that may take a couple of years. Meanwhile you can rent it out to what is a huge pool of potential tenants, all of those who cannot get a mortgage. Well this opposite of the perfect storm for investors has just come up.



Get in touch with us on valprop@gmail.com and see how you can benefit from these investments right now. However if you see one you like you must be quick. The best deals go after a couple of days and you must be cash rich as they are not properties that you have time to mortgage. After a year you can finance them and still get good returns but now you need good hard cash to complete quickly.

Get yourself one now and forget the new car for a bit.