21 Jan 2009

Buenos Aires Barrios and Vineyard Villas Emerging

Wherever you look in the overseas investment property blogging world or the new holiday alternatives for beach, city or ski, eco tourism or wine tasting and steak eating, there is a new destination popping up - Argentina. Argentina stretches alongside Chile, 4000Km from Bolivia in the north to the very tip of South America at Tierra Del Fuego. In that expanse you can find the Andes, the Iguazu Falls, the Perito Moreno Glacier, arid desert plains, vineyards and lush farmland. Argentina is classified as an upper middle class income economy by the world bank and has the highest human developement index score in Latin America. An emerging market with first world credentials for the overseas investor.

I have spotted very different investment opportunities; safe as houses early investment in developments, with 100% return guarenteed in 3 years through developer buyout, or hotels for sale in Buenos Aires. I liked the look of the swankier areas (Barrios) of the capital which would be the affordable equivalent of having an apartment if the West End; Palermo is a large and lively barrio in Buenos Aires which was originally built around beautiful parks as a playground for Argentina's elite.This is a typical property for sale in Palermo.

Palermo Apartment for Sale 110sqm

A French style 2 bedroom apartment at 1900 Santa Fe Avenue in Palermo, Argentina

Features

Fireplace imported from Italy.
Bright and quiet.
Double glass in the windows.
Renovated master bathroom, with marble and jacuzzi.