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|After an economic collapse in 2001 , Argentinaís economy is again on the rise. In fact, the economy saw tremendous gains in the last quarter of 2010, and has seen even more growth in the first quarter of this year.
Since the economic collapse, real estate in Cordoba, Argentina and the rest of the country has been priced at all time record lows. But, as the economy grows, we are seeing a significant rise in Cordoba real estate prices. New development is starting after years of stagnation in the construction industry.
For the foreign investor , however, real estate in Cordoba, Argentina still comes at a very good price. Though the market has started to rebound, it has not come close to the prices that Americans and Europeans are used to paying in their home countries.
Argentina is a country that has a lot to offer the foreign investor besides good prices. The country is beautiful, the people are friendly and the climate is perfect. Itís a wonderful place to own a home, a piece of investment property or to retire. The cost of living is fairly low, so youíll be able to get good value for your dollar in all your transactions.
If you want to purchase real estate in Cordoba , Argentina, itís important that you consult with a professional realtor. Though there are no restrictions on foreigners who want to invest in Argentina, the process may be quite different than what youíve come to expect, and youíll need the advice of a professional, especially if you donít speak Spanish. Be prepared, for example, for the fact that basically all real estate transactions in Argentina take place in cash. Donít expect that youíll be able to have your bank wire transfer the money to Argentina at closing. You will need to show up at the closing table with the cash for the transaction. If you need a loan to cover the cost of the property , youíll need to take care of that in your home country.
While the real estate process in Argentina is a little strange for many foreign investors, youíll find that the country is quite welcoming to visitors, and that the process for making Argentina your home is quite simple.
Real estate in Cordoba, Argentina, is a great choice for many investors, and even with the market rise of the last year, you stand to make a good amount of money on your investment. Combine the low prices with the fact that you pay no capital gains on your real estate here when you sell , and you have a great combination for a profitable real estate investment.
Taylor White is an international real estate investor and leading the charge at International Real Estate Listings the worldwide leader in Cordoba Argentina real estate and Cordoba Argentina real estate exchange. Cordoba, Argentina real estate owners, agents, and developers are encouraged to create an account, upload an unlimited number of listings, write as much creative property details, include a You Tube property video , and it will be activated as a basic listing for 6 months, free.
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