Hi all,

I am interested in views on investing in buenos aires in particular.

I don't know why this city in particular has not received more attention on this forum? Recently, there have been many articles fom BA magazine, independent, guardian, teleraph etc hyping this place. I travelled here recently and love it, so cheap, beautiful buildings, economy improving from crash of 2001, rising local wealth, booming tourism, shortage of luxury hotels so easy to rent out to businessmen. Seems like short term rent while long term capital appreciation - also no capital gains tax to pay here.

Anyone know something i dont or can offer advice appreciated?

Im a young investor, with little experience in property so i know i'm far from an expert.

noone has anything to say? im aware this is boring but im really keen to learn more

I think the queues of people outside the banks in 2001 says it all really.

If using that logic - we should never invest anywhere that has had severe economic problems in the past?

That was in 2001, the economy has grown an average of 9% annually the last 3 years and real estate purchases are priced in us dollars, all in cash, therefore concerns over the banking system are not so important.

surely there is someone around whose brains i can pick, or has some experience here?

My experience is that once all the media are telling you that something is a good idea it no longer is.

I hard some American investment guru saying he was heading off to Argentina as his next home and was confident of making a killing. Apparently New Zealand was to the place to be for last 10 years (where he lived) and Arentinas the next. Kind of worries me though the political situation not to mention the economy and currency. Id place it in the high risk category but I then don't really know shit

In that case, why is a large slice of the population of Argentina (actually most of Latin America) working and living in Spain? And why did the guys who fitted my kitchen, one from Argentina and one from Uruguay, say that they only go back to visit their families and Spain is their home now?

It is certainly true that after the economic crash of 2001 several argentinians moved to Spain.
However, many of them have come back since.

"I think the queues of people outside the banks in 2001 says it all really."



what, like in England, in 2007? surely not Sir!

I have inside information (not a national secret) that a company that I have dealt with many times in Germany is studying Argentina very closely and have been in contact with an investor in Argentina with a view to co-operating with them.
Don't know how far this co-operation is going to go but I helped broker this arrangement and both ends are interested in the other. Doubt they will be at the point of actuallly dealing with each other much before the end of November however. There are many i's to be dotted, t's to be crossed and legalities to be assured of.

I asked some friends about this who had just been working there. FWIW they seemed to think it was a nice place, very European and seemed cheap. Their big worry was personal safety.........

May be worth looking further into.

I lived in Buenos Aires for 6 months in 2004.

Not a bad place, plenty of culture and lots to do. Maybe look a buying a place in Palermo if you can afford it, many businesses rent these houses which have pools in the garden. The city does give you a very good first impression but I would suggest that you live there for at least a year before you make ANY financial commitment to ANYTHING.

Otherwise I would say go for it but be VERY carefull of the Argentinians, they do back-stab, and if you are not a native born Argentinian than you will always be an outsider - it's a Latin thing I'm afraid.

Good luck!

Edit:They never got over the Falklands war either so don't mention it!

LA, listen to Doug Casey interview on Commodity Watch Radio (link in footer). he is very pro-Argentina real estate