In early 2002, Argentina devaluated its currency, the peso, whitch had been pegged to the dollar. As a result the peso lost nearly 66% of its value in a a few months. What impact did this major currency depreciation have on the values of residential real estate Argentina? What can investors learn from Argentine experience to protect their real estate investments from currency devaluations? The evidence reported in this paper shows that location, the higher the retention value, and the less desirable the location, the greater loss was suffered in real dollar terms.
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