More Americans and Canadians discovering the quality of Life in Buenos Aires and Argentina

"Just livin' the dream": When the economy has everyone around you down, BA might make sense.

While some of our home countries are drowning in debt, others lack optimism regarding job prospects and the economic outlook. It’s times like this when many begin to re-prioritize and ponder quality of life, a common narrative thread here on InvestBA.

Whether it’s the annual International Living ranking or a wine expert lauding the “wonderfulness” of BA, or a foreign investor branding Argentina “the best place in the world,” these sources bring added credibility considering they have all scoured the planet looking for the best of whatever it is they are searching for: places to retire, food & wine, or prime real estate.

For the uninitiated, these articles fuel the imagination but don’t necessarily show you how to connect the dots and make the leap. Shelter Offshore to the rescue. The expat resource which touts Wealthier Living Abroad, fills in the dream-to-reality canvas for readers with some back-of-the-envelope calculations and a carpe pasaporte-inducing headline, “Live Your Dream Life Abroad for Less than £1,000 a Month.” ($1,300 USD).

Argentina is one of four Latin American countries mentioned in the article and Buenos Aires neighborhoods like Palermo SoHo are singled out for their abundance of dining, educational and cultural offerings. Once you’ve made the leap, Shelter Offshore recommends a minimum six-month commitment at whatever “wealthier” destination readers may choose. (Full article)

For more information about investment opportunities in Buenos Aires, download IncomeBA and the new issue of InvestBA Privada.

Gama BMW: The X1 is one of 16 models BMW currently sells in Argentina.

Gama BMW: The X1 is one of 16 models BMW currently sells in Argentina.

Latin America Poised to Recover From Crisis Faster Than U.S. The week got off to a bullish start with that takeaway headline from the FELABAN Banker’s Conference in Miami.

FELABAN President Ricardo Marino summarized, “Latin America was one of the last regions to be affected by the crisis. It will be one of the first to recover.” Now some corporate earnings reports are offering validation, especially in the uber-sensitive luxury car market.

BMW’s October sales numbers released yesterday showed a 52% increase in BMW and MINI units sold in Latin America over 2008. “The joy of driving is our key value,” said Gernot Volkmer BMW Latin America Group CEO in explaining strong demand in Argentina and other LatAm countries. It’s even more impressive when you consider roughly 70% of vehicle sales in Argentina are all cash deals.

Vehicles are seen as an investment for many Argentines worried about high inflation at a time when local banks offer low interest rates for savings accounts,” according to Reuters’ Karina Grazina. And “the product offensive will continue,” according to BMW, “with the launch of the first premium compact SAV (Sports Activity Vehicle) in the region, the new BMW X1, as well as with the new BMW 5 Series Gran Turismo scheduled to arrive in Latin America by early 2010.” As the BMW ads say in Argentina…Placer Tiene Muchas Formas.

 

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