Experts praise ‘economical’ argentina

Argentina is growing in stature as a credible investment destination, claims one expert.

According to Emma Holifield of Property Frontiers, Investment in the Argentinean market represents ‘good value for money’ and may present ‘a more economical alternative to Eastern Europe’, in which some places are ‘touted at prices above their worth’.

Ms Holified continued: "A high standard of living, stable inflation and a growing economy have created a growing middle class with a large amount of disposable income to spend on second homes. 

“And 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 suggests that the future potential of market growth is high."

Strong economic growth

Liam Bailey of David Stanley Redfern, further enthused: "Most people investing in Argentina currently are buying a holiday home with a view to letting it when not in use, and these buyers have nothing to worry about from the Change in government.

“The rental market, especially in the popular areas like Buenos Aeries will continue to be strong, and the average rental yield will remain an exceptional 10% - again in Buenos Aeries.

“Economic growth will continue to be strong in the short-term because the new President continued many of the policies that so rapidly turned the Argentinean economy round from its disaster and has seen it grow incredibly.

Extraordinary GDP growth

Mr Bailey Added: ”The continuance of these policies also means that if price controls will need to be introduced and managed very skillfully to bring Argentina's spiralling inflation rates under control, and to ensure the transition from extraordinarily high GDP growth to a more sustainable level is a smooth one.

“People making a long term investment should not take Argentina off their short-list either though, because Argentina has what it takes to become as popular with tourists as Spain, and that kind of popularity will see growth in the property market for many years to come".