Invest In Argentina
Making an Investment in Argentina
If you’re looking to invest in Argentina, then you might consider making a real estateinvestment in Argentina, such as buying a fixer-upper property. These aren’t as much of a bargain on a per-square-foot basis, but they are less expensive in gross dollar terms and often don’t take much work or capital to put into rentable condition. It is important to note that these days in Buenos Aires even the smaller apartments in good neighborhoods are doing well as short-term rentals.
Tourism has become a very big business in Buenos Aires…for all the reasons we’ve told you about…and smaller apartments (one and two bedrooms) are now great investments because they are ideal for short-term rentals. The demand is quite high, since most hotels are fully booked, and the cost of renting a short-term rental apartment is much lower than staying at a hotel. Either way, if you purchase an apartment in a desirable location–especially in the Recoleta and the Retiro areas–you probably won’t go wrong. Here, apartments in older buildings are reminiscent of apartments in Paris and Barcelona, and have tremendous style and character. They appeal not only to local residents, but also to tourists and longer-term visitors as well. And if you owned one of these, you would certainly want to have occasional use of it as well.
We also see lots of investment opportunity in areas in the south of the city of Buenos Aires, like San Telmo and Barracas. In these areas, the demand is strengthening, and due to its great proximity to all the better areas, they provide a great alternative. The other appeal these southern areas have is that there are plenty of character buildings, which are in the process of being renovated, and costs are very advantageous.
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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 Europe…but at a third of the price. It’s hard to go wrong there…whether you are thinking about relocating…or just investing. Now is the time to act.
International Living Magazine