Argentina's Growing Real Estate Market & Economic Reforms
Argentina has experienced amazing improvements on it's economy over recent years. taking with it both residential and commercial property markets. Argentina has just seen another excellent economic year in 2007. The healthy economy coupled with Argentina's drastic democratic reforms is boosting investors confidence.,
High Capital Appreciation & ROI
There are many reasons to buy property in Argentina; capital appreciation, a flourishing buy to let market, low expenditures on property, and a low tax policy on real estate. Argentina property offers currently one of the most attractive return on investment.
Argentina Property & Real Estate Investment Potential
With one of the most exciting capital cities in the world in Buenos Aires, and great potential as a centre for the tourist trade in South America, Argentina has much to offer to overseas property buyers. The average price of apartments / flats in Buenos Aires rose 13% in 2007.
This follows a rise of 16.4% in 2006, and a 13.5% rise in 2005. Prices of Buenos Aires apartments range from $870 per square metre at the lowest end, to $2,400 per square metre in Recoleta-Retiro and US$1,550 per square metre in Barrio Norte. Residential rents have been rising even faster than the cost of property.
There are no restrictions on non-residents who wish to purchase property in Argentina. Foreigners only need to obtain a CDI (tax ID) number to be able to buy property in Argentina.
With a weak US dollar and the availability of many property bargains in Argentina international home buyers are delighted to be purchasing far more for their money in Argentina than ever before.
Property Hot Spots
Argentina is the eighth largest country in the world, but due to previous political and economic issues, it is only now beginning to attract serious investment from overseas.
Although there are 21 provinces that make up Argentina plus a further administrative division, it is predominantly Buenos Aires, La Plata and San Juan that are the main focus for international investors, with, to a lesser degree the Swiss Alp styled town of Bariloche in the foothills of the Andes Mountains.
Property Buenos Aires
Buenos Aires is quickly becoming an important area with industrial companies investing in the area, which in turn is helping to develop further banking and financial institutions. As industry grows, so does the already high demand for quality property in Argentina and it is only now that we are seeing international property investors entering the market.
Improved Infrastructure
There is a great deal of local and government investment in place to improve infrastructure, transport links and just as importantly renovation of the older properties in the key areas of Buenos Aires and similar cities.
Established Tourist Market
Away from the cities there is the tourist market, which is relatively new to Argentina, who demand resort style accommodations in safe environments. Tourism numbers are increasing and indications are that they will continue to do so.
Argentina a "Buy to Let" Market
The buy to let market in Argentina currently lacks the supply to meet demand and rental revenues are very positive.
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