Where to buy a vineyard today – you might be surprised
A Rough Guide to Buying a Vineyard
Compiling a worldwide list of what’s hot and what’s not in the vineyard world is a complicated task. But Mark Hazell of VineSmart.com, a global vineyard sales website, says that as a rough guide France, Italy, Spain and Portugal tend to be the first pick for many European buyers.
“After that, it’s probably Australia, New Zealand and Argentina,” followed by Germany, Bulgaria and Croatia. Only then does South Africa figure on the list. Its low ranking – although many in the wine world are unwilling to admit it – is unrelated to wine or vineyard quality, as both are highly regarded. Rather, potential buyers have continuing security concerns in the post-apartheid era of social unrest leading to more violence and a unfriendly business climate.
In Argentina (known as much for its vineyards as for its agricultural beef and grain output), a rise in transactions is being driven by local winemakers eager to sell, while risk-ready investors step in to buy.
“In the last six months things have really picked up,” said Nadia Binesh, who runs BBI Argentina. “Last year was dead, mainly due to a proposed law limiting foreign farm ownership.”
Three factors have now combined to feed the real estate market: the resumption of farmland and vineyard sales to foreigners as of March 1 this year, a local hunger for dollars due to government limits on access to foreign currency, and frayed Argentine nerves about what further plans President Cristina Fernandez de Kirchner might have for the economy.
“I am currently dealing with interested buyers in Qatar, Beijing and Copenhagen,” said Binesh, explaining that for these purchasers the recent bad news out of Argentina represents an opportunity.
Wine Searcher – Sophie Kevany
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