Safe havens from the credit crunch

Hello and welcome to the Someplace Else Blog

I'd like to start by thanking all those who came to visit our stands at the recent property shows in London and Birmingham. We were absolutely delighted by the quality and quantity of people that can to speak with us about our new vineyard development in Mendoza, Argentina.

Amid all the financial turmoil and panic in the media, our staff were only too happy to speak face to face with people who were browsing the aisles and calmly considering and questioning the facts and figures put in from them by the various companies attending.

Argentina is where our latest project is located, and regular readers of these newsletters will know that we've been heavily involved in this country for two and a half years, investing millions of dollars in a range of resorts. The main reasons why we like Argentina so much, apart from its diversity and natural beauty, are also reasons why it is very extremely well positioned benefit foreign buyers seeking a safe market to invest their capital.

One of the most interesting aspects of Argentina is the fact that the property boom is not fuelled by lending or foreign speculation. It is down to local demand for both primary and secondary residences where purchasers buy with cash. This lack of mortgage debt has meant that the credit crisis has had hardly any affect on Argentina.

In our opinion, until the credit crisis is resolved, banks start lending to each other and the mortgage markets open up again; the safest places to invest are areas where the property market is not linked to or reliant on mortgages or foreign speculative buyers. Argentina meets the above criteria perfectly.

Our new project, called Dos Rosas, is upscale vineyard development, which combines premium wine, a boutique hotel and residential vineyards in a stunning location in Argentina's Mendoza wine region. With a dual income stream and 12 cases of high quality personalised wine every year, this is undoubtedly one of our most innovative and recession proof investments.

Detailed information can be found by reading below and by DOWNLOADING our full pdf brochure.

Looking forward to your thoughts.

Kind Regards

Colin Murphy