Over the past couple of months I have done quite a bit of reading up about Argentina as a great place for property investment. Situated with the Andes to the West and the Atlantic to the East, this incredible country has a lot to offer anyone looking to invest in property abroad.
Argentina and other areas of Latin America have been experiencing rapid growth and an increase in economic stability and with it the country is seeing a new and fresh prosperity.
Argentina has been sheltered from the credit crunch, by the fact that most property is bought in cash. MoneyWeek.com commented that because the country is not made up by ‘easy credit and excessive leverage’ that the foundations of the property market are pretty secure and ‘bubble proof’.
Property Investment in Argentina has other benefits too. It is cheap. In the London you could expect to pay £3 for a coffee. Go to the States and you could pay $3. Go to Buenos Aires and will pay around 3 Pesos. The dollar is barely worth half a pound and an Argentinean Pesos is only worth a third of the dollar. Breaking it down like this, it is clear to see that property investment in Argentina is affordable and is becoming more of a hot spot for property investment.
Property investment in Argentina is not without its pit falls or gambles though. You have to keep your wits about you. Be careful who you trust and make sure that you are talking to reputable sources. Speak to other people who have invested abroad in Argentina and local estate agents. Build a rapport.
There are some great buys to be had in property investment especially in Argentina, but you have to be sensible and enjoy it for what it is.
One
property investment hotspot is Caballito, which is an area of Buenos Aires, the capital of Argentina. Caballito is great for property investment and is even a home from home with the ‘English District’ with its British style architecture.
Where ever you decide to invest in property abroad, Argentina has charm and a beautiful way of life that you cannot fail to fall in love with.
