Whether you are looking to invest in rental yielding property, buy a vacation home, or retire somewhere where your money can take you far, Argentina should be at the top of your list. As I have stated before, real estate prices are priced low enough where you can achieve a 7-8% net return annually.
I took a walking tour of the city with a group of tourists recently and some of the German and French people in the group were amazed layout and design of some of the buildings. They could not believe that a country in South America could have that type of culture. Most people that visit Buenos Aires are surprised at how European the city looks as far as the architecture of some of the homes and buildings. That could be a reason why some of the locals get a huge ego boost from these compliments and develop an attitude of the best/most sophisticated country in South America.
If you have made the decision that you want to get in on the affordable real estate market in Buenos Aires, your next question would be where do I look.
Fortunately, you have many choices to choose from. If you are drawn to the elegance and diversity of Buenos Aires, you will have access to beaches, cultural events, and entertainment almost any day. If you are looking for a more subdued or beach style living, you could go for places like Mendoza or Mar Del Plata.
For those looking for something in Buenos Aires, one of the most elegant sections of the city is Recoleta which is located on the north end. You can spend the day browsing through antique shops visiting the National Museum of Fine Arts or watching all the tourists flock to the Recoleta Cemetery to see the enormous mausoleum's including Evita's.
The Palermo section of Buenos Aires is the trendier side of town with an eclectic mix of restaurants, modern buildings, and upscale clubs. It is composed of smaller neighborhoods such as Palermo Hollywood, Las Canitas, Palermo Chico, and Bosques de Palermo. A growing infusion of expatriate musicians, artists, and VIP's can be found throughout these areas.
For those that have never visited Argentina, it should be high on your list of places to travel to. For those that have been there and want more of it. There is no better time than now to invest in its growing real estate market. Some of the better deals can be found at http://www.myargentinaplace.com
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