Mendoza Lot Prices Rise 18%; Best Appreciation Among Global Wine Regions

Patrick Archer aruba, average prices, competitiveness, foreign investment, global rankings, lifestyle, real estate, wine & vineyards

Mendoza lot prices rose an average of 18% in 2011, according to new data released this week from the Mendoza Real Estate Association. The analysis found while the price of the average lot in Mendoza rose 18% last year, there were some cases where annual appreciation was closer to 25% depending on the lot size, location and surrounding amenities. Los …

Mendoza Is The New Mecca Of South American Wine

Patrick Archer foreign investment, global rankings, lifestyle, real estate, wine & vineyards

Checking-in to the Park Hyatt Mendoza this week and enjoying several days with friends and foreign investors has proven to be the perfect transition point between two asset classes which are proving to be both increasingly attractive and profitable for first-time foreign investors in Argentina: Buenos Aires hotels and Mendoza vineyards. The fact that 97% of the group who purchased …

WSJ: More Americans Discover New Life in Argentina

Patrick Archer creative class, entrepreneurs, foreign investment, lifestyle, real estate, wine & vineyards

The Wall Street Journal’s ongoing series of travel stories from Americans living abroad touches down today in Argentina. Having lived and worked in Arizona, California, Colorado and New York, Yvonne and Tom Phelan were finally ready to settle down in 2007. Unfortunately, their lifelong dream of owning a vineyard in Napa Valley was priced out of reach, so they headed …

The Grapes of Wrath: Why Napa’s Loss Is Argentina’s Gain

Patrick Archer average prices, foreign investment, real estate, wine & vineyards

There’s nothing like a recession to test the limits of discretionary spending and consumer willingness to downshift to more affordable products and services. This has been especially true for U.S. wine lovers who, according to Bloomberg’s Dan Levy, are often passing up Super Premium and Ultra Premium wines in favor of “cheaper imports from countries such as Chile, Argentina and …