Have you ever fantasized about owning one of the vineyards in Mendoza, Argentina? It might not be as far out of reach as you might suspect. If you want to invest in the Malbec boom, you can be part of a subdivision of vineyard estates with an agronomist and winemaker. One developer says:
We have started our Tierra Mansa South project; a project dedicated to building luxury homes on 1.5 to 4 acre parcels of prime land planted with Malbec vineyards. For investors looking to produce significant rental income when not using their home, we will operate these homes like an upscale luxury hotel, complete with concierge and turnkey travel planning services.
You only need to find customers for the wine; hired managers plant the vines, maintain the vineyard, harvest the grapes, and produce wine.
Not only are vineyards in Mendoza far cheaper than in California and Europe, but winery tourism in Mendoza has been booming since 2002. There are several subdivisions catering to foreign investors who don’t want to make many decisions, including Finca Los Amigos, Santa Maria de los Andes, Las Paredes Estates, and Vines of Mendoza.
Malbec from Argentina is growing faster than carmenere from Chile:
Some recent statistics confirm that Argentine wine has firmly established itself on foreign wine shelves, especially in the United States. Sales of 222 million dollars to the Northern colossus (the only major wine producing country in the world that does not produce enough wine to satisfy domestic consumers) means Argentina has knocked its Latin America wine rival Chile from the fourth spot regarding exports to North America.
Mendoza is the second most popular tourist destination in Argentina, behind only Buenos Aires. The region around Mendoza is the largest wine producing area in Latin America.
Inflation in Argentina is high, so it is difficult to predict costs of labor and supplies, and property has not historically been protected well. However, I have not heard of any vineyards in Mendoza that the government has stolen.