×

Boom Times Ahead for Argentina: Scott Mathis, Chairman of Algodon Wines & Luxury Development Group, Responds to Argentina Peso Devaluation

Algodon Wines & Luxury Development Group Logo

NEW YORK, April 16, 2014 (GLOBE NEWSWIRE) -- Scott Mathis, Chairman & Founder of Algodon Wines & Luxury Development Group ("Algodon Partners"), announced today the release of Algodon Partner's 2014 Whitepaper on Investing in Argentina, which reports the company's position on why they believe there has never been a better time to seek investment opportunities in Argentina's real estate market. Algodon Partners has been investing in Argentina since 2006 in the wine, real estate development, and hospitality sectors.

"Contrary to popular opinion, we believe there are boom times ahead for Argentine assets, and that Argentina represents one of the best-calculated bets that one can make in global investment today. There is virtually no leverage in real estate, and in recent history, very little foreign investment. As a result, asset prices are some of the cheapest in the world," says Mathis. "Luxury properties in Buenos Aires, and the prices of vineyard estates in Mendoza, are comparatively some of the least expensive you could find anywhere. Now is the time to invest in Argentina real estate and other assets. Those asset values can increase dramatically, but you've got to invest before the crowd. Latecomers oftentimes rush in after the politics and the economics have turned, but no wealth has ever been created by getting in late."

Mathis and Algodon Partners believe there is already evidence of a turnaround in Argentina's economic policies due to a series of significant positive developments that have recently taken place, and that there is a window of opportunity to acquire Argentina assets at great values, as the real estate and stock markets continue to move forward in the years ahead. "We are contrarian investors, and like John Templeton, who famously coined the phrase 'go in at the point of maximum pessimism,' we believe the timing is right and that investors may be well-rewarded for their risk," says Mathis. "We are very excited about the growth potential. We are long-term investors and believe that we are in the right part of the world at the right time. Certainly not without risks, but we feel Argentina is well-worth the potential rewards in the years ahead."

To read more about Investing in Argentina Real Estate, click here to request Algodon Partners' 2014 Whitepaper: Invest in Argentina.

Click here to view Algodon Partners' brief corporate video.

About Algodon Wines & Luxury Development Group

Based in NYC with offices in Buenos Aires and Mendoza, Algodon Partners provides an unequivocal strategic advantage in Argentine real estate acquisition and development. Algodon Partners was founded by Chairman & CEO Scott Mathis and partners. Mr. Mathis has extensive experience in investment and management in Argentina's real estate development, hospitality and wine sectors, and can be reached to further comment on the content of this article by clicking here.

CONTACT: Media Contact: Algodon Partners Scott L. Mathis 212.739.7650 SMathis@algodonpartners.com www.algodonpartners.com

Source:Algodon Wines & Luxury Development Group