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Property Investment in Argentina 2008

Opportunities for property investment in Argentina are beginning to rival those in more well-known emerging markets, in part due to the country's rapidly growing economy. With GDP rising by 8.5% in 2006 alone and further growth of 7.5% predicted for 2007, Argentina possesses a strong economy that provides solid potential for investors. Combine this with a government backed tourism industry which has grown 10% year on year since 2003, and property prices which have risen 50% since 2002.

According to the Argentine real estate trade group, Camara Inmobiliaria Argentina, housing prices have increased 50% since 2002, while The Guardian reports that Argentine property prices have been rising steadily over the last few years, with house prices in the Buenos Aires' wealthier districts up by as much as 25% last year alone. Yet although real estate prices have soared, they still look surprisingly cheap, with prices in prime real estate locations still only one-tenth of what they are in the United States and Europe.

"The Guardian reports that Argentine property prices have been rising steadily over the last few years"

The rapid increase in house prices has left the market out of reach of many Argentineans, creating a high demand for rental properties and thus a superb opportunity for property investment in Argentina. Rentals can also prove profitable for the buy-to-let investor. In major tourist and business areas in Argentina, apartments are often provided fully furnished, at prices lower than the better hotels. Online booking agencies make the process simple and profitable for the overseas investor.

In summary, Argentina has a booming economy that presents a wealth of opportunities for the real estate investor, both in the rapidly growing domestic market and in the thriving tourist industry. With impressive, consistent growth in both sectors, backed by positive government initiatives, investors can expect both steady capital growth and generous rental income for the foreseeable future.