Argentina

Plenty of Options: From Cosmopolitan Buenos Aires To Mendoza Wine Country

Late 2001, the Argentines removed the peg between their peso and the U.S. dollar...devaluing the Argentine currency, which fell, at its lowest point, to 4:1 against the Greenback. This crisis situation opened a window of opportunity during which savvy investors, led by our editors, bought primo Buenos Aires apartments for one-fourth their former values...and expansive tracts of land elsewhere in the country for $25 an acre and less.

This is a market of big ups and downs, and values have risen steadily since the 2001 crisis. Today, though, Argentina continues to offer some of the best land values in the world. Indeed, this is the best place we know to shop if you're in the market for a big spread to call your own

It's also the place to look if you've ever day-dreamed about producing your own fruit of the vine. You could invest in a planted vineyard...or establish one of your own. Argentine wines have historically been consumed primarily in-country but are increasingly exported, and the country's Malbec grape is making a name for itself worldwide.

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