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Land for Sale in Argentina
July 16, 2008Article by Ray Withers
Almost 7000 miles away from the UK’s troubled housing sector lies one of the most handsome terrains in the world and one ripe with investment potential. For the first time Property Frontiers are selling land in Argentina – a land of unparalleled natural beauty and rich cultural history. With capital appreciation in the region of 19%, undervalued land values and strong exit strategies Argentina is maturing into a frontrunner for overseas investment.
Predictions for the future of the Argentine economy are suitably robust on the back of strong growth rates in recent years of between 8% and 9%. In accordance with such positive progression, affluence levels across the country have risen whilst huge amounts of FDI are flooding in. In 2007 alone, $4 billion was invested into Argentina and it is expected that in 2008 $5.5 billion worth will be channelled into the country. Further, with the Economist Intelligence Unit predicting year on year increases of the same amount for the next 5 years, now is an opportune time to be entering this region.
Of particular interest to international property investors should be the national trend which sees Argentines favour investment into the construction sector rather than safe-holding their money in banks. In addition, Argentines typically holiday and weekend within their own country meaning domestic tourism is high. As a result, demand for new build and holiday property is strong and dependable. According to Founding Director of Property Frontiers, Ray Withers, ‘the fact that there is already strong local demand for property, without real bank financing, coupled with the relative lack of mass foreign investment and growing tourism means that the future potential for market growth is high’. Argentinean properties therefore offer good opportunities for investors.
Based around a popular boutique hotel with very high occupancy levels, Property Frontiers are now selling land plots at Estancia Catalina in the beautiful Cordoba Province. Responding to guest requests for the opportunity to buy land in the extensive grounds of the luxury estate, land is now being sold at only $15 per sqm. It is intended that the hotel’s surrounding 5500 acres will be transformed into a very low density exclusive residential development to meet local demand. This will be the archetypal Argentinean getaway and will offer an array of activities including horse riding, polo, walking, mountain biking and fishing plus the rare chance to encounter giant condors.
Estancia Catalina is not currently available to the local market and is significantly under priced compared to local comparables therefore offering investors the chance to buy in at a low price with the opportunity to sell on to local buyers in the future.