Argentines and foreign investors are gaining more confidence that a strong recovery is possible soon

President Javier Milei expressed that the Government has various reasons for optimism. He highlighted positive survey data despite the severe economic recession and asserted that Argentina will experience a robust economic recovery once the stocks are opened. In addition, the President stated that although 70% of Argentines acknowledge their current struggles, there is an essential factor to consider. He mentioned that at the beginning of their mandate in December, only 20% of Argentines believed that their…

The story behind the Argentine lifestyle neighbourhood that many Americans choose to live

In Salta, there is an area that Americans fell in love with; A closed neighbourhood was built there where many foreigners choose to live, even permanently. Cafayate is a place that conquers any Argentine who visits it and also captivates citizens of the United States . Surrounded by multicoloured mountains, it is located in the heart of the Calchaquíes Valleys, 192 kilometres from Salta. In 2005, a real estate project began to take shape near this town. La Estancia de Cafayate is a gated community located…

Argentina has the most Golf Courses in Latin America

As any well-bred Scotsman will tell you, the mark of a civilised country is its number of golf courses. Well, in Latin America, there is no competition. Argentina has 75% of the continent’s golf courses. In the past 10 years, 50 new major courses have been constructed for the 120,000 plus players in Argentina and the 1,000s of golf tourists who now come to play from the exterior. This is comparable to only 12,000 players in Brazil, many of whom also play in Argentina. Costs vary from public courses; for…

Argentine Beef providing healthy food for the World

Argentina is a huge world-class producer, consumer and exporter of bovine meats. Each year, Argentina produces 2.5 million tonnes of meat. The calculated beef consumption in Argentina is 65.4 kg per person, which is higher than in other countries. For example, the United States weighs 42 kgs, and the EEC weighs only 18 kgs. Even at 65.4 kgs, this is a sharp decline from the 1950s when it was over 91.9 kgs per person. The main strength of the Argentine beef industry has always been the meat quality. Beef in…

“Unbelievable! Argentina Crushes soybean exports with record-breaking 7.8m tonnes in just 2 months of 2024!”

In the first two months of the year, grain exports totalled just over 7.8 million tonnes, almost double the same period last year when 4 million tonnes were exported. The increase is due to the end of the drought, which is crucial for foreign exchange earnings.  Cargill and Viterra top the list of companies that control the business, following the collapse of Vicentin. Thus, the U.S. multinational Cargill led shipments of unprocessed grains with 15% of the total, about 1.8 million tonnes. Dreyfus came in second…

Argentina seen through different eyes

Historians will normally agree that history is best written by those who are not nationals of the country they are writing about. So it is not surprising that when The New York Times sent a journalist to cover the Southern Cone, once said that Argentina was like a five-star hotel in which all the guests were complaining about the room service. His metaphor had a message: that those fractious hotel guests had no reason to complain about the room service. They merely had to stop bickering and recognise what they…

A strong upturn in activity in the rural real estate market in Argentina

From the real estate sector, they affirm that external factors such as inflation in hard currencies and the value of commodities and land are activating the market. After a slight drop in the number of operations registered during July, in August, there was a new rise in the level of activity in the rural real estate market, according to the Chamber of Rural Real Estate Agents (CAIR). In this way, the activity shows a growing trend in the last five months. Among the causes, CAIR affirms that “the rural…

11 property tips when buying

My thoughts from 30 yrs in the real estate industry. Tip 1: Contact your broker, don’t wait for them to contact you – Good properties always sell, even in a challenging market. Your ability to buy the best properties that tick all your boxes comes down to your relationships with the local brokers, so take the lead and make sure they always think of you first when they become aware of that perfect property. Ask to be on their mailing list if you are not already. Tip 2: Buy when you can afford to…

BBVA Research: Argentina Economic Outlook. March 2024

Tendencias en la Economía Argentina
Javier Milei’s government took office aiming to have a less regulated and more market-friendly economy with the private sector as the main driver of economic growth. The core of his macroeconomic policy is to achieve fiscal equilibrium and eliminate monetary issuance to cover public spending as of 2024. Key points The new Administration has started correcting relative prices. The FX rate rose 120% in Dec-23 and has been moving at a 2% MoM pace since then. Regulated prices, such as transport and utilities,…

Selling or buying properties in remote locations

Sellers face many of the same challenges as buyers do. Still, given current market conditions in many South American markets where we operate, we are finding the market is slow for remote properties. They are often owned as second or third investments outside their home location and are only visited once or twice a year. Each Seller’s motivation clearly varies. However, there is a broad spectrum of Sellers, from those content with fair market value and others who really don’t care what fair market value…

Argentina posted a monthly surplus for the first time in 12 years

The Argentine government announced this on Friday evening in January, achieving a monthly budget surplus for the first time in almost 12 years amid tough spending cuts pushed by President Javier Milei. The first full month in government for the ultra-liberal Milei, who took office in December, It ended with a positive balance for the finances of the Argentine public sector: the surplus amounted to about $589 million at the official exchange rate. Product of more income than expenses. This also includes…

The Argentine President Milei chainsaw: A bold vision for Argentina’s rebirth?

The firebrand new President ignites his nation’s hope for revival, confronting decades of economic decline. Can he deliver? he 96-year-old TV host, Mirtha Legrand, reaches across and holds the hand of the firebrand new Argentine TV President, Javier Milei. “I am an old lady, and I don’t want to leave this world without seeing my country flourish”, she asks, through glassy eyes. President Milei responds: “You will see it flourish”. Milei holds Legrand’s embrace across the show’s closing credits.…

Climate Changes starts to bite in the nut industries

The influence of climate and weather on human societies is already apparent to the world’s rural populations: inclement weather can result in failed harvests, higher food prices, unrest, and unrest leading to revolutions. Syria is a good example. The increasing effect of climate change should be a warning to all agricultural investors. This is doubly true for climate-sensitive tree crops, most notably almonds, considered the cannery in the coal mine. Almond trees: fragile flowers Almonds are the fragile flower…

Changing Farmland Investing Options

We think farmland as an investment is something that, in 5-10 years, will be a must in any professionally managed diversified portfolio. We are excited to be at the forefront of reporting the rapid changes in this exciting new market, which is now opening more opportunities for smaller investors via syndicates and specialised agro funds. Those smaller investors ( USD 70,000 to USD 250,000 ) seeking exposure to tangible assets with strong cash yields and low volatility have found it nearly impossible to get…

“Economic uncertainty in Argentina affects Land Prices.” Last month the rural real estate market index fell 12.21%

According to the Argentine Chamber of Rural Real Estate Companies (CAIR), the December index was 21.52 points. The collapse was due to uncertainty over the bill, where the government sought to repeal the law limiting foreign land purchases. The Argentine Chamber of Rural Real Estate Companies (CAIR) reported that last December, there was a drop of 12.21 points compared to last November in the evolution of the land market. The slowdown occurred due to the general uncertainty in the country, the change of Government…
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