Economic Growth and a Booming Tourism Industry, Argentina’s Property Market spurs Real Estate Investment
Property research experts foresee that the overall economic growth in Argentina, will increase FDI and further property development
According to La Nación, the Argentinean newspaper, plane tickets to the country are in very high demand. Economy fares to Buenos Aires are selling out quickly and 5 star hotels are running at 95% occupancy. In 2006 tourism related jobs were up by 3,000 and a predicted 12% of workers will be within the tourism industry by 2010.
Investment news states that devaluation values are returning to pre 1997 and will continue to rise. Property prices are stabilising, with a steady increase, are all good signs for the Argentina Economy has received a boost with an estimated growth of 8.5% last year. All of this signals that Argentina property investment is looking profitable.
Rental properties are still relatively scarce and therefore in high demand, by both the tourist and the local people. Along with the property values, rental prices have also increased and recovered substantially during the last year.
Argentineans take their holidays during the European winter months and therefore the property investor should expect a consistent rental flow. Argentineans have expressed a strong demand for resort style living which has pushed prices within these developments by 15-20% in the best locations. On a broad scale, an average increase of a 10% on property prices have been achieved by many areas in and around the main cities, towns and coastal resorts.
For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com
According to La Nación, the Argentinean newspaper, plane tickets to the country are in very high demand. Economy fares to Buenos Aires are selling out quickly and 5 star hotels are running at 95% occupancy. In 2006 tourism related jobs were up by 3,000 and a predicted 12% of workers will be within the tourism industry by 2010.
Investment news states that devaluation values are returning to pre 1997 and will continue to rise. Property prices are stabilising, with a steady increase, are all good signs for the Argentina Economy has received a boost with an estimated growth of 8.5% last year. All of this signals that Argentina property investment is looking profitable.
Rental properties are still relatively scarce and therefore in high demand, by both the tourist and the local people. Along with the property values, rental prices have also increased and recovered substantially during the last year.
Argentineans take their holidays during the European winter months and therefore the property investor should expect a consistent rental flow. Argentineans have expressed a strong demand for resort style living which has pushed prices within these developments by 15-20% in the best locations. On a broad scale, an average increase of a 10% on property prices have been achieved by many areas in and around the main cities, towns and coastal resorts.
For more information on global investment opportunities and to findout about Obelisk International’s latest projects, contact: Obelisk International on 0808 1600670 or info@obeliskinternational.com
posted by Chris at 12:22 pm
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