Overseas Investors Look at Buying Argentine Estancias as Next Property Boom
Apr 29, 2008 Click to Comment → PrintWith the currency exchange rate leaning in favor of many Americans and Europeans, buying property in Argentina has become a popular, and profitable business. According to one real estate blog, the hot trend today is to buy an estancia. An estancia is an Argentine ranch, most commonly found in the interior of the country, and wildly popular as tourist destinations. The blog post specifically focuses on a place called Estancia Catalina Country Estate, and the surrounding area in Cordoba. They use this as an example of a low-priced, yet profitable venture in an economically developing part of the country. With the real estate market becoming flooded in Buenos Aires, many are looking at Cordoba as the start of the next property boom.
Via: NuBricks.com
