« Palermo Viejo Property Residential Apartment Complex in Palermo Viejo Argentina | Main | Argentina California Village Panamericana Route Residential Development » |
See more properties in: Argentina Real Estate
Argentina Agricultural Land Maintaining the prices Argentina Lands
By property | July 11, 2009
Argentina Agricultural Lands Maintaining the prices Argentina Lands
Despite the international crisis, conflict with the Government and drought, there were no casualties on good agricultural land
Although it was earlier this year speculated that the international financial crisis, conflict with the government and the decline in profitability by the drought would depress the price of good agricultural fields of the humid pampa, suitable for soybeans and corn The values remain steady, said rural real estate operators.
The reason: investors still believe that the field is good business for the future and this is an area which produces food for a world population to grow.
Sellers who do not intend to resign prices in a context of limited supply, and buyers who refuse to validate certain values is the current postal market. Some operators say business is closed when the demand reached the price drop around 10%. Today, a standard price for a good field of the agricultural core area, with its epicenter in the towns of Buenos Aires Pergamino, Rojas and Columbus, ranging from 11,000 to $ 12,000 per hectare.
There are also specialists who displayed a greater interest in the business of kirchnerismo after the setback in the last election. Optimism demand caution in investing in an area related to food production, in a world that continues to increase its population. But clear, incidentally, that demand is not motivated by money laundering, which prompted the Government.
“It started with the strong feeling that prices had fallen, but there was not many chances to see the evolution of these, because there were few transactions. The current situation allows us to define the fields of good skill, scale and location have maintained the same price as last year, “said Mariano Maurette, head of business fields Alzaga UnzuĂ© & CĂa.
This assessment is shared broadly by other operators. In this sense, Peter Nordheim, the estate that bears his name, agreed: “Prices are stable, there are no highs or low.”
Good Business
According to Nordheim, people prefer to invest in the business because it sees that the field is “a good business in the future, the population grows, the demand for food will continue to grow, but the land is the same.” Nordheim added that there are investors who prefer the land “before they put the money in the United States to a 1-2% annual interest and a currency that is devalued (per dollar). Buying land and leased property, can be drawn up 3 or 4 percent of income, “Nordheim said.
For his part, Alexander Elizalde, director general of signature Elizalde, Garrahan & CĂa., Noted: “The fields are the same values as last year. The buyers do not validate the prices and sellers do not want to get off, are operations only when the value falls between 10 and 20 percent. ”
For Marcos Lanusse Lanusse & director of Madero, in the humid pampa areas with better agricultural soils that are “more to defend their value.” “Still a very good price, mainly because there are not many farms to provide good,” said the specialist.
Nonetheless, Lanusse said today Pricing fields between 15 and 20% below the pre-price. “There is a trend that would indicate a low to be seen whether it consolidates,” he said.
Interest
From Argentina Land Company, Edward Fitz Gerald also noted that good values are in agricultural fields “sustained”, but unlike other operators accounted casualties. “It was assumed that the international crisis and domestic fields would fall much more, but the reality is that no one fell more than 10 percent. It went down because there is no significant debt (in the sector), the alternative no investment and investment in land is almost a triple A title, “he said.
Fitz Gerald is having a greater movement in the market two months ago. Among other things, attributed this to the prices of commodities are strong again. This operator speaks price 11.000/12.000 dollars per hectare for the core area, 12.500/13.000 versus the first quarter of 2008.
Meanwhile, Lanusse for the range of values in the core area (Rojas-Parchment-Columbus) is from 8000 to $ 12,000, 4500 to $ 6000 per hectare of farmland in western Buenos Aires and in 1400 to $ 2000 in livestock areas of the basin of Salado.
Livestock on the fields, said: “Some people think it’s a good time to invest and the returns (cattle) could improve in the coming years.” Maurette agreed: “It’s an interesting time to evaluate into the business.”
Regarding wheat fields southeast of Buenos Aires, Argentina Land Company reported in its web of values of $ 4500 per hectare, against U.S. $ 6000 to May 2008.
See more properties in: Argentina Real Estate | No Comments »
Tags: Argentina agricultural land for sale, Argentina agricultural land prices, Argentina agricultural land still profitable, Argentina agriultural land, Argentina fields, Argentina land for sale, is Argentina land investment still profitable