Argentina's real estate is pretty much immune to the American-style housing crisis.
Even with the challenges posed by a global economic downturn, vineyards hold their appeal...and value. And in fact, the country's economy has grown 8.5% or more each year since, nearly as fast as China's expansion rate. If you know where to look, you can get incredible deals for investment properties...second homes...retirement estates...or raw land.
Few places in the world are suitable for quality wine production. The climate and soil need to be right, and vine cultivation and wine production expertise need to be available locally. You also need production and marketing infrastructure.
What might surprise you is that owning your own vineyard is within your reach in Argentina...plus, it could earn you a healthy income.