The Valle de Uco in the prosperous Mendoza province less than 2 hours flight from Buenos Aires is the setting for the Castillo Country Estate & Spa – a planned 300-hectare 5-star resort with a luxury branded hotel and spa, 18-hole golf course, tennis academy and private vineyards. Near neighbours in the Valle de Uco include some of the biggest names in wine such as the Rothschild family, Moet and Chandon and Michel Rolland’s Clos de los Siete.
Alise Crossick, Director of Ready2invest comments: “Mendoza is one of only eight ‘Great Wine Capitals of the World’ and visitors are flocking to the province to explore the wine trail with numbers up 70% on 2001. However, accommodation outside of Mendoza City is scarce. With demand so high and supply so limited, the Castillo Country Estate & Spa is a very exciting development opportunity especially as we have seen property prices increase by 10-20% per year since 2003.”
Ready2invest is offering 48 1-acre residential land plots within the Castillo Country Estate & Spa. Each plot is available to reserve with a 50% deposit of $44,000 but in this scheme the developer is offering to buy investors out of their contracts in three years time for $100,000 – more than doubling investor’s equity investment and covering all fees involved in the purchase.
Mendoza’s economy outperformed Argentina’s national rate between 2003-2007 with registered growth of over 11%. The continued investment into the region to develop the wine industry and tourism should continue this trend making this an ideal location for property investment.
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