In particular there is room for profit for three main reasons according to one company. Property Frontiers claims that land has been undervalued, appreciation is in the region of 19% and there are strong exit strategies.
'Argentina is maturing into a front runner for overseas investment. It is a country of unparalleled natural beauty and rich cultural history,' said the company's founder Ray Withers.
He points out that predictions on the future of the Argentine economy are suitably robust on the back of strong growth rates in recent years of between 8% and 9%. In accordance with such positive progression, affluence levels across the country have risen.
In 2007 $4 billion was invested into Argentina and it is expected that in 2008 $5.5 billion will be channeled into the country. Also the Economist Intelligence Unit is predicting year on year increases of the same amount for the next five years.
There is also a commitment from the government to the construction industry. In addition, Argentines typically holiday and weekend within their own country meaning domestic tourism is high. As a result, demand for new build and holiday property is strong and dependable.
'The fact that there is already strong local demand for property, without real bank financing, coupled with the relative lack of mass foreign investment and growing tourism means that the future potential of market growth is high,' he added.
Opportunities to buy land include plots near hotel resorts where low density residential development is permitted as well as agricultural land in outlying areas. The most expensive land tends to be in the winegrowing areas of Mendoza and the outskirts of Buenos Aires.
For those interested in a more long term investment the cheapest land can be found in outlying areas where there is good agro potential but no road or infrastructure yet, according to South American specialist Peer Voss Real Estate.