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Why Invest in Argentina?
A country on the up!
Argentina’s economy famously collapsed in 2001 following three years of recession. But by 2003 the country was already recording GDP growth of 8-9%, which they have sustained for five consecutive years – a reassuringly solid and swift recovery. Although many predict the boom economy will start to slow, figures for predicted GDP growth still average 5% until 2012. Since the crash, the government has focussed on maintaining a stable macroeconomic environment to avoid the boom and bust cycle of previous years and to sustain future growth.
More affluent population
Argentina’s middle classes continue to thrive as a result of the economic upturn. More than 40% of the country now fit into the middle-class demographic; double the number from 2003. In Latin America, 15 million households improved their incomes to the extent where they were no longer considered ‘poor’. If this growth continues, by 2010 the middle classes will be in the majority.
Supply vs demand
In 2006 figures showed that there was a housing deficit of two million in Argentina, with the capital Buenos Aires suffering a 35% shortage alone3 – that equates to 700,000 new houses needed to meet demand. This is an excellent situation for real estate investment as the lack of supply keeps demand for quality housing high, indicating potential for strong capital growth and securing your exit strategy from the market. Even now, 2010, demand is as strong as ever.
For More Info:- https://sites.google.com/site/timbriggsinvestments/
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