International Homes Magazine

“Real estate has risen dramatically since the 2001-2002 devaluation,” says Michael Koh of ApartmentsBA.com, a company specializing in redevelopments and high-end rentals. “Argentina’s economy has rebounded from the financial crisis with three straight years of nine per cent growth – one of the highest rates in the world.” In some areas of the city, property prices have risen by 30 per cent in the last year and construction figures have soared too. “The people buying aren’t speculators,” he explains. “Mortgages are almost non-existent here so buyers are true investors. Purchases are 100 per cent cash for the most part, literally paid with dollars over the table.”