The representative of Housdenus Developments Limited stated that the decision to leave Cyprus for Latin America market was caused by higher potential of the latter.
March 25, 2013 (Newswire) - The representative of Housdenus Developments Limited stated that the decision to leave Cyprus for Latin America market was caused by higher potential of the latter.
Present-day Latin America becomes more and more attractive in terms of investments in various spheres of its economy. With Europe being in deep recession World investment entities and other business vehicles started searching for alternative areas of capital placement. Being relatively isolated area and having its own unique business climate the counties of Latin America gets one up over other markets.
Among all LA countries one should take a closer look at Argentina. This is the second largest economy on the continent after Brazil. Argentina has a complex of interrelated developed spheres of economy with real estate sector being one of the most dynamic and fast growing. Numerous experts consider this market to be one of the most stable. After default in 2001 caused by local currency downfall citizens called for a vote of confidence to financial institutes. As a result numerous Argentineans started investing in various assets with real estate being one of the most popular. This brought to considerable price rise and growth of the demand. Apart from that, attractive peso-to-dollar rate brought new foreign investors to the market. Recent researches showed that past investments turned out to be both profitable and fail-safe. Unlike other countries the real estate market of Argentina has taken almost no damage because of world downturn.
Current investment climate along with other economic issues still attracts foreign capital to the country. Housdenus Developments Limited is not an exception. At the last meeting of the directors the CEO of the company Miles Tristen suggested to change to overall course of the company switching the priority zone from Europe to Argentina. Being Cyprus-based investment entity Housdenus Developments Limited has depleted the resources and opportunities of local real estate market and was searching for appropriate area for capital placement. Taking into account the paces of Argentinean economy development it is right time to take active measures. At the next meeting that will be conducted the next month the heads of the departments are to suggest the detailed plans for further actions on new market.
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