The Hunt for the Next Spain Part I: Argentina

2008-03-24T07:04:00.000-07:00

Almost all of the newest emerging markets have warm climates and great beaches. As more people tire of the crowded Spanish beaches and start to look further afield for their holiday in the sun, it gives the boldest property investors the chance to make a small fortune. Argentina is a great example; it has a humid tropical climate all year round, sunny in holiday season with beaches that easily rival those of Spain, and wet but warm in rainy season.

South America has one shining advantage over most of its competitors: its rain forests, which make even rainy season a great attraction to tourists, as that is when the rain forest and its wildlife truly thrives. When a country like Argentina begins to grow into a top tourism destination, development in the economies, starting in the major cities is rapid.

Argentina's Buenos Aeries is fast developing into one of the world's great cities, on par with L.A. and Madrid. Buenos Aeries is becoming a smaller version of Holywood, because after the economic boom Beunos Aeries began to rival Madrid and Toronto as a low cost but fantastic location for film and T.V sets, and began to attract many T.V. and Movie production companies.

The bulk of that action has centred on Palermo Viejo, which is now known as Palermo Holywood and even has its own Soho. Those knowledgeable in the area's property market compare Palermo Viejo to Manhattan's lower east side, as it develops into one of the most happening districts in Beunos Aeries, with things like Tango dance clubs, hip boutiques, and coffee shops that could also bring comparisons to Venice.

You will note that from the beginning and throughout this release I have drawn many comparisons to the world's major cities, mostly Spain. People who invested in Spain years ago have made a fortune both in rental yields and capital appreciation. But as Spain's downturn in popularity continues and the other countries attract more and more of the sun-chasers, shrewd property investors should be on the look-out for the next Spain, and that could well be Argentina, or one of the other South American countries.

Living costs are far lower in Argentina than in Spain which means tourists can have a far cheaper holiday. Rental yields are already around the 10% mark, and capital appreciation is conservatively estimated at 15%.

There are no restrictions on foreign ownership other than needing a tax number, speaking of which Argentina has excellent tax benefits: no Capital Gains Tax and no inheritance or gift tax. Rental tax is 21% of the gross annual income for non-residents, and an additional 21% if monthly income exceeds 1500 Argentina Peso's (approx £250).

Find out more at http://www.davidstanleyredfern.com

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com

Fantastic Rental Yields in Buenos Aires – Buy Today With DSR

2008-01-24T07:51:00.000-08:00

In Latin America, a region of emerging property investment tigers, Argentina is a lion, with 10% rental yields on a 250sq.m apartment -- quite amazing for a property of such size in downtown Buenos Aires. Luckily for David Stanley Redfern investors that is exactly where our Argentinean properties are, downtown Buenos Aires, Palermo Viejo to be exact.

Palermo Viejo has picked up the name Palermo Hollywood because of the amount of film and T.V studios setting up shop in the area, after the economic boom began in 2001 when the area began to rival Madrid and Toronto as a low-cost location for films and T.V programs. Of course this triggered a whole new popularity for the area, which is now one of the most chique and hip areas in Buenos Aires (that is saying something), even El Taller, a fixture in Palermo Viejo, has been transformed into a small art house, tango dance venue and art gallery.

Our property there is the Lista Live Hotel, containing 1-3 bedroom apartments starting from £96,348. The complex has a cosy central square, a swimming pool, aerobic room, gym, sauna, business centre with wi-fi, a bar and a restaurant, room service including cleaning and laundry services, interior gardens and underground parking with valets, all under the protection of 24-hour security. Capital appreciation is conservatively estimated at 15%, and rental yields, again conservatively estimated at 10%. The latter I would suggest as more realistic for the three bedroom apartments, where as the one bedroom apartments could fetch a much higher yield.

Argentina can even attract foreign investors with its taxation, there are no inheritance or gift taxes in Argentina, and capital gains by non-residents, for instance a foreign investor selling his property, are not considered as income and so not taxed under Argentinean law. Company capital gains are liable to 35% corporate income tax.

Total transaction costs are low in Argentina 6-8.35% to be exact. Mid-high end property transactions are done in U.S. dollars and in cash, which can cause problems because conversion is costly in Argentina, and 1-2% can be paid in conversion costs.David Stanley Redfern offer the cheapest currency conversions, so U.K. investors are in a favourable position when it comes to an Argentinean property investment.

Any investor attracted to Argentina property should call David Stanley Redfern today for a free no-obligation chat, because -- as with any overseas property investment -- the earliest investors pay the lowest prices.

Find out more about Argentinean investment property at: http://www.davidstanleyredfern.com/investment-property/argentina/
About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com.

Don't buy for Me Argentina

The Hunt for the Next Spain Part I: Argentina

Fantastic Rental Yields in Buenos Aires – Buy Today With DSR