The gross domestic product (GDP) of the United States grew by 4.9% in the third quarter of 2023, according to data provided by the Bureau of Economic Analysis (BEA).
This favors the housing market in the northern country, which attracts more and more Argentine investors thanks to new platforms that minimize risks; to the excellent profitability in dollars in the short term; and the possibility of acquiring an instrument or property that was previously reserved only for large capitals.
Currently, any type of Argentine saver can become a real estate investor in the United States, and what makes it even more interesting, they can do it remotely without having to travel to the country in question.
While Argentina intensifies its financial-economic crisis, and uncertainty takes over its citizens; The United States is once again showing new signs of growth, even in an unfavorable global context.
This figure of 4.9% also represents a notable acceleration of the economy with respect to the growth experienced in the second quarter of the year, when the GDP registered an expansion of 2.1%.
The United States offers economic stability, legal security, and the possibility of obtaining profitability in dollars, a dream come true for an Argentine who has become accustomed to living in successive crises and seeing how his purchasing power deteriorates as the months go by.
According to research carried out by the consulting firm CBRE, during 2022, the United States received US$670,000 million in real estate investments, reaching the second best figure in its history. Of that amount, 8% of real estate investors in North American land correspond to Argentines.
Investing in the United States real estate market means for the Argentine saver, putting money to work with productive assets knowing that the profitability will be in dollars. This is not only tempting, it is verifiably safe, these are real estate projects that are based on the principles of stability and growth of an economy that, although it may have shocks, has the back to be able to withstand all types of economic instability without harming to the population, nor change the rules of the market game. Legal security and economic sustainability with growth projection are the most important credentials that attract Argentines, and mainly, attract their savings.
The properties themselves have great strengths that make it difficult to compete against (valuation, productivity, tangibility, ownership), which are enhanced by being presented in a safe, reliable, and profitable framework, such as the US market, whose economy, a Once again, it shows signs of growth.
José María Softa is Founder Partner of Konnectia,
specialist in real estate developments based in Miami and with operations in different states of the US.
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