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Argentina barges BTL - 7 April 2008
Argentina is one of the best countries in the world for buy-to-let, claims one company.
Hot weather, glorious beaches, and one of the world's most famous cities, Buenos Aires. Touring Latin America is becoming a very popular holiday, seeing rain-forests, enjoying the humid heat and the great cities like San Jose and Buenos Aires as well as Costa Rica's volcanoes and rich bio-diversity.
Liam Bailey of David Stanley Redfern, enthused: "Most people investing in Argentina currently are buying a holiday home with a view to letting it when not using it themselves, and these buyers have nothing to worry about from the recent change in government.
“The Rental market, especially in the popular areas like Buenos Aires will continue to be strong, and the average rental yield will remain an exceptional 10 per cent - again in Buenos Aires.
Mr Bailey added, “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 disaster and has seen it grow incredibly.
”But the continuance of these policies also means that price controls may need to be introduced and managed very skilfully 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.
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*Subject to a written positive RealtyCheck, Onpulse property offer to fully refund the client any initial conveyance fee to our Partner Live Overseas should they not wish to proceed with the purchase based upon any legal matter raised by Live Overseas relating to the property title that did not form part of the RealtyCheck Report. This refund is up to a maximum of £1500 per client.