| Living costs in Argentina compare favorably to those | | | | As you would expect from an economy which has |
| of other South American countries and also those in | | | | increased dramatically, albeit with volatile periods in |
| Central America. Even though the country itself may | | | | between, over the last 20 years, there has been a |
| have a slightly better reputation than the likes of | | | | significant increase in the property market. Rents in |
| Mexico, Colombia and even Panama, many people | | | | Argentina have quadrupled over the last 30 years and |
| may be surprised to learn of the relatively low cost of | | | | despite the fact that demand for property fell in and |
| living in the country. So what does Argentina have to | | | | around some of the major cities of Argentina during |
| offer? | | | | 2009, prices remained fairly stable. Experts believe that |
| Argentina economy | | | | the property market in Argentina will return to the |
| Historically the political and economic situation in | | | | growth path in 2010 and the prospects are as good as |
| Argentina has been very volatile and a short-term | | | | they ever have been with economic growth expected |
| recovery in the 1990s was curtailed by problems at | | | | to rebound from a 2% fall last year to a 2% rise this |
| the turn-of-the-century. However, when you | | | | year and a 3% rise in 2011. |
| appreciate that between 2003 and 2007 the economy | | | | Living costs in Argentina |
| of Argentina grew by an average 9% each year the | | | | The cost of living in Argentina compares very |
| overall picture and the prospects for the future start to | | | | favorably to the vast majority of other developed |
| become clear. Even though GDP growth fell to around | | | | countries around the world and indeed many countries |
| 7% in 2008 it is expected to remain fairly high despite | | | | in South America. A meal for one at a relatively |
| the credit crunch and economic downturn. | | | | inexpensive restaurant in Argentina will cost you |
| The vast majority of the Argentinian economy is | | | | around nd a meal for two at a midrange restaurant in |
| based upon export markets which have benefited | | | | a region of When you also take into account |
| significantly from a loosening of the regulatory strings | | | | entertainment and the fact that a half litre of local draft |
| by the authorities. International investment in Argentina | | | | beer is yours for just nd imported beer around t is not |
| also continues to grow but international difficulties and | | | | difficult to see the attractions of the country. |
| disagreements with the likes of the UK, over the | | | | Conclusion |
| Falkland Islands, have cast something of a shadow | | | | Often the political and economic instability of Argentina |
| between Argentinian/UK relations. While this is unlikely | | | | in the past has tended to cast a shadow over the |
| to have a medium to long-term impact upon the | | | | prosperity which the country is enjoying today. |
| popularity of Argentina with regards to the expat | | | | However, those looking towards a new life in South |
| market, in the short-term, issues such as the Falkland | | | | America could do worse than check out Argentina |
| Islands are likely to hit the headlines again. | | | | which is well-positioned for the future and offers a |
| Property in Argentina | | | | relatively low cost of living. |
