Real Estate investors attracted by Buenos Aires

Infobae.com - July 9th 2007

Brazil is considered a magnet of regional real estate investment, followed by Mexico, while Argentina is showing an important growth of foreign investment.

Buenos Aires is one of Latin America’s cities that attract real estate investors, according to international specialists that will participate in the Real Estate Market Exhibition at the Rural Society that starts next Wednesday.

According to a recent survey carried out by the organizers of the exhibition, San Pablo, Río de Janeiro, Monterrey, México City, Buenos Aires, Panamá and Santiago de Chile are the cities chosen by investors.

Brazil is considered the most attractive country for regional real estate investment, followed by Mexico, while Argentina should see a considerable development of foreign investment in the next years.

Analyzing the Argentine market, the experts agreed that Buenos Aires, Mendoza, Córdoba and Rosario are the main investment focuses and that tourism will bring along much of the real estate development.

The commercial sector, with a low unemployment rate of about 3%, is also a very interesting investment option.

Asked about the difficulties that foreign companies find when investing in our country, they mentioned economic stability as one of them.

The experts see Argentina as one of the most attractive countries of Latin America, with great possiblities of receiving a good deal of the capital from foreign investors.

But this will not take place if there is no improvement in credit availability, juridical safety and economic stability.

Manuelito Magalhaes, Secretary of Municipal Planning of San Pablo City; Daniel Citron, President of Tishman Speyer de Brasil; and Jaime Garbarsky, President of ECIPSA Group, were amongst the specialists consulted. They will be speaking at the 2007 edition of the Real Estate Market Exhibition, July 11-12, at the Rural.