Real Estate in Argentina
Argentina offers a great life…as it’s supposed to be lived. We’ve tried to put our finger on why this is true, exactly. What is it about Argentina that keeps drawing us back? That attracts hundreds of thousands of travelers every year? Is it the wonderful food and the long dinners that last for three hours at a stretch? The best beef in the world…fabulous wines...and entertainment that goes on into the early hours of the morning? Or is it that every time we return, we find new sights to see and new places to explore?
It’s all of these things, of course. But right now, it’s primarily that it’s so cheap. It’s like buying real estate in Europe...but at a fifth of the price. Whether you are thinking about relocating or just investing, now is the time to buy property in Argentina.
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For many, Latin America conjures up images of steamy, wildlife-filled jungles and beautiful people lounging on tropical beaches, sipping umbrella-bedecked drinks. But there’s a whole other side to Latin America…regions where temperate—even cool—climates and jaw-dropping vistas of snow-covered volcanos are the order of the day.
It may be your lifelong dream to live in Paris, Rome, or London…the grand old cities of Europe with a foot in the past and another firmly in the present.
At 129 square feet, this apartment is what real-estate agents call “cozy.” But it’s Paris, city of love and romance. From your fifth-floor balcony you have a view of Place de la République. The square gives its name to the historic neighborhood that surrounds it, where the 3rd, 10th and 11th arrondissements (districts) come together. Le Marais, where some of the oldest buildings in the city line winding, narrow streets, is just a five-minute walk away.
Today, Argentina is back in a bind. There is a strong possibility of another crack-up within the next year. And then we’ll have the same opportunity we had a decade ago. The signs are all there. The streets of Buenos Aires have recently seen the return of the backstreet currency exchange.
Just over a decade ago Argentina spectacularly unraveled with the biggest default in history—$100 billion. Dollar deposits were converted to pesos. Then, overnight, the peg of one-to-one with the dollar was broken. The unpegged currency immediately devalued. Savings were wiped out. Banks were set alight and locals took to the streets in protest.
If a small Italian farmhouse with a vineyard sounds sweet, then look to the Abruzzo (pictured), a region of southern central Italy bordering the Adriatic Sea.
The day was crystal-clear as we entered Salta from the south on Route 68. Afternoon temperatures hovered in the low-80s, with practically no humidity and a gentle breeze. The rental car’s air conditioner had died three days ago, so Salta’s fine weather was a welcome change from the heat of the southern deserts.
As I crested the final hill on Argentina’s scenic Route Nine, the city of Salta appeared shimmering before me in the morning light. Unable to avoid the temptation to take a quick video of the valley spreading out for miles into the distance, I pulled my rental car into a no-parking zone.
As I crested the final hill on Argentina’s scenic Route Nine, the city of Salta appeared shimmering before me in the morning light.
During my travels in Northwestern Argentina, I looked at two planned communities that really caught my attention. The one I’m going to tell you about today is a small project—the most affordable I’ve seen—sited alongside a river, and offering very affordable lots.
Southeast of the town of Salta in Argentina, you’ll find the La Pedrera riverside development. While on a property scouting trip to Salta, IL’s Latin America editor, took footage of this project.
Imagine your ideal retirement getaway… Maybe you see the surf of a turquoise sea gently lapping the white-sand beach, right in your front yard. Or perhaps you imagine a plush pad in a colonial capital rich with culture.
Argentina is the greatest place on earth for an investor. Not because its finances are such a success. But because they’re such a failure!
The data have been collected, the numbers crunched, and France has topped IL’s annual Quality of Life Index. Nine important criteria are considered. However, one really important criterion was ignored: the best places in the world to play golf.
Few places in the world are suitable for quality wine production. The climate and soil need to be right, and vine cultivation and wine production expertise need to be available locally. You also need production and marketing infrastructure. No surprise, then, that to own an acre of vineyard in California’s Napa Valley could set you back $180,000. In the Loire Valley in France, you could pay $200,000.
Residential prices in Buenos Aires have been rising since 2003. Today, prices for apartments are at an all-time high, and I’d say it’d be foolish to think about buying one from a pure investment perspective. However, B.A. is a market unto itself…and a relatively small one in this vast country.
My husband, Jamie, and I moved to a small village outside of the bustling town of San Rafael, Argentina, in June 2005. We started our lives in the Southern hemisphere as the owners of a beautiful 65-acre farm with a new, 1,900-square-foot house, a vineyard in need of a little TLC, a plum orchard in need of a lot of TLC, and plenty of open land. This was by far the nicest home I had ever lived in and cost us about 30% less than we would have paid back home in California.
This month in International Living, we shine the spotlight on Ecuador, Argentina and Chile
The soaring coastline of Calabria, the towering skyscrapers of Kuala Lumpur, and the high vineyards of Mendoza, Argentina are where it’s at