OFFPLAN NEWS

(04.08.2007 )
Argentine properties A stake in Chubut, Argentina

ARGENTINA is famous for cattle, Eva Perón, its red wine — and a series of devastating economic crises. Despite this financial instability, or perhaps because of it, the country offers many advantages to British buyers of property in Argentina. So is this really a sensible time to invest in Argentina?

One source of encouragement is its economic growth — up last year by an estimated 8.5 per cent. Another is that tourism is booming: according to Argentina’s La Nación newspaper, it has been practically impossible to beg, borrow or steal plane tickets to the capital recently. Economy fares to Buenos Aires are hard to come by, and the city’s five-star hotels are said to be running at 95 per cent occupancy. Last year, 3,000 new jobs were created by tourism and it is anticipated that 12 per cent of the workforce will be employed in the sector by 2010.

All of which should be good signs for the local property market. Alan Faena, a fashion designer-turned-hotelier-turned-property developer, would certainly hope so. He was responsible for regenerating Puerto Madero in east Buenos Aires, an area comparable with London’s Docklands. When he opened his luxurious boutique hotel, modestly called the Faena Hotel and Universe, there were only run-down warehouses and a deserted transport canal to be found there. Now, Hilton and Sofitel have opened hotels in the area; boutique shops and restaurants have followed.

News by Country

»(06.08.2007 ) Buy properties in Argentina Finding Opportunity in Risk, Santiago Del Estero, Argentina
Wharton real estate expert Todd Sinai believes that the risks are overstated when it comes to Argentina property management, especially the idea that a bubble will burst with higher interest rates.... » find out more

»(06.08.2007 ) Property management in Argentina Commercial and residential demand in Argentina
Argentina's economy is expected to see slower growth this year than last year - 6.0 percent versus 8.0 percent, according to the International Monetary Fund, but that isn't stopping Argentina property for sale sector from setting new records. ... » find out more

»(04.08.2007 ) Argentina property Real Estate: Argentina Growth Continues
Real estate and land investment in Argentina are expected to rise in the country during 2007 as the economy improves and exchange rates remain steady. ... » find out more

»(04.08.2007 ) Argentine properties A stake in Chubut, Argentina
ARGENTINA is famous for cattle, Eva Perón, its red wine — and a series of devastating economic crises. Despite this financial instability, or perhaps because of it, the country offers many advantages to British buyers of property in Argentina... » find out more

»(04.08.2007 ) Argentine property Investing in Argentina: The Dollar Still Goes a Long Way
Argues that the country is a great buy dollar for dollar, particularly in land and real estate in Argentina. ... » find out more

»(04.08.2007 ) Argentine real estate Real Estate sector booming in Corrientes, Argentina
In every neighborhood in Corrientes and other destinations in Argentina, loads of Argentine properties (buildings that are under construction) stand out against the horizon. ... » find out more

»(04.08.2007 ) Argentina real estate Investment in Real properties in Entre Rios, Argentina
Nowadays it appears to be a fine investment buying properties in Argentina! When the government of Argentina defaulted on its debt payments in the summer of 2002, it not only aggravated the social and economic situation but also broke the bankin... » find out more

»(04.08.2007 ) Real estate in Argentina Property analysis in Formosa, Argentina
Real Estate leading consultants announced that Argentina reached a stage in the typical property Argentina cycle where demand exerts upward pressure on prices and this pressure stimulates growth in supply, in turn.... » find out more

»(04.08.2007 ) Real estate Argentina Winners and Losers, Argentina
It is not only Argentine savers and wealthy Argentines who are involved when it comes to investing in Argentine property. ... » find out more

»(04.08.2007 ) Cheap property in Argentina New niches growth in property investment, La Pampa, Argentina
According to Ecolatina, a consulting firm, next year will bring “a renewal of growth in new niches for Argentine property for sale and a growing contribution from public sector projects.” ... » find out more