Signs of positive change in Argentina

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Signs of positive change in Argentina

Here in Argentina we are living in a pre-election situation with both of the two likely Presidential candidates promising a more business approach to running the country than we have had in the past lost decade. With commodity prices now well down, inflation high ( 25% or more ) and foreign exchange controls making business very difficult they will have their challenges.

However, despite what the official numbers say about the economy, it is very noticeable here in Buenos Aires, which has been very well run by one of the potential Presidential candidates Mauricio Macri, investors have already decided to take a risk and move forward with new investments.

Around our offices, in the down town area, there is a new hotel under construction, a new office building and a number of new high-end cafes and restaurants opening. The footpaths have been replaced, the central railway station called Retiro refurbished and a new Metro line built. This all makes for a lot of noise and activity but is evidence of a more positive view of the future than we have seen for many years under the previous administration.

Should this optimism spread to the rest of Argentina we will see a new wave of investors come in, bringing fresh capital and ideas, making it one of the few places in the world that is able to grow.

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.

www.gatewaytosouthamerica.com

Post available in: English