Argentina 'set for growth'
Argentina 'set for growth'
Economic stability and a "thriving tourism industry" make Argentina extremely attractive to property investors, one expert believes.According to Emma Holifield, PR and marketing executive at Property Frontiers, the country's recent economic expansion has created a growing middle class who are keen to buy second homes.
This has created a market that offers overseas investors good value for money, she explained.
Property is often better value than in eastern
Europe and this, combined with other factors, should mean prices are set to grow, Ms Holifield stated.
She said: "The fact that there is already strong local demand for property, without real bank financing, coupled with the relative lack of mass foreign investment and growing tourism suggests that the future potential of market growth is high."
The country is the second most popular destination in South America, a fact which should attract those looking to buy holiday villas, she concluded.
Earlier this year, Liam Bailey, head of international research for property firm David Stanley Redfern, claimed that rental yields for holiday homes in the country are currently around ten per cent.
This article was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
13 May 2008
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