Although, on the one hand, the numbers of the pandemic are declining and the infections caused by the new strains do not evolve into serious situations during this period–fundamentally due to the effectiveness of vaccination–, on the other hand, the effects of the conflict in Ukraine and the tension in Europe, exacerbate the socioeconomic problems of the countries of Latin America and the Caribbean, which were already in a fragile situation.
The perception of savers and potential investors from Argentina and the rest of Latin America about the state of the economy in the region is consistent with a report by ECLAC that anticipates a reduction in growth for Latam of 1.8%, and that poverty would reach 33.7% at the end of 2022.
Given this context of economic uncertainty, where do Argentine investors point?
In the facts, The United States continues to be one of the most attractive destinations for those Latin Americans seeking investment opportunities, based on its global leadership and economic strength.which was highlighted after the Covid-19 pandemic, when most–if not all countries in the region–suffered devastating consequences.
USA, the option for Argentine investors
The main decision to explore investments in the northern country arises from the economic instability of the countries of origin in Latam. “Faced with so much uncertainty in the world that is becoming structural, the key is to choose the destination of the investment wisely with a broad and visionary look in the medium and long term. And above all–and more than ever–, consider that today the United States continues to position itself as the first choice of Latin Americans when it comes to investing by far, offering all the attributes of the first country in the world: macro and microeconomic strength, low tickets of entry, profitability in dollars and under a context of a country that is the first and most solid economy in the world, with very high legal and social security and adding the possibility of doing it from a distance, without the need to travel in any case ”, comment Jose Maria Softaholder of Konnectia.
Real Estate is the area of choice, followed by technology and construction, three sectors that arouse the most interest in Argentine investors. “The world is constantly changing, and investors must adapt to the new contexts and opportunities that arise. Real Estate remains a safe and profitable option for those who want to diversify their risk in investments and obtain a significant profit in dollars”, it states Miriam ManfredSales Director of Konnectia.
Florida, and Miami at its epicenter, has always been the most coveted and preferred by foreign and local investors in the United States. This reality has been blurring in recent years, given the growth of other states at the Federal level as new tourist centers and business bases. That is why states like Georgia and Virginia have been climbing positions in the ranking of Latin investments, specifically in the real estate sector.
“Investors are trending toward markets that are often more under the radar, in smaller cities, such as Augusta, Georgia, according to Roofstock. The type of investment that leads, particularly among Latin Americans and, above all, among Argentines, is the condo-hotel”, continues Manfred.
The massive internal migratory displacement from areas with a very strong urban concentration (NYC, Chicago, Boston, among others), towards areas that offer improvements in the quality of life, especially, after the negative effects that the pandemic made visible, It is one of the main reasons for the investment boom in other states, outside of Florida.
“The state of Georgia has been stepping very hard in terms of Real Estate investments because it has many attractions: it is an important node of the global economy, a business mecca in the northern hemisphere, and also a tourist spot that is located in constant growth, for its cities and nature”, adds José María Softa.
“For its part, Virginia is attractive for several reasons. Its strong technology industry, on the one hand, since it has the highest concentration of workers in this area, according to Reuters. In addition, it has a strong economy, where property values continue to grow. Finally, it is an extremely attractive state due to its nature, excellent universities, its history, and its proximity to Washington DC”, explains Manfred.
The United States is a country that allows a wide variety of investments, which makes it possible for both small and large savers to access the market. “The housing costs below the United States average, the low taxes in these geographical areas, and the affordable cost of living, make Georgia, Virginia, among others, the new states chosen by Latin Americans, especially Argentines, to live, invest and do business with different alternatives of real estate projects”, ends José María Softa.
Source: Ambito
