Cheap wine land is appealing to foreigners
ARGENTINA: As an autumn chill settles over the country, the harvested vineyards mottling yellow and russet, Jose Manuel Ortega’s winery rises amid snow-capped Andean foothills. Inside, Ortega is holding forth on why the poetry of a Malbec yields to the prose of healthy profits. “If you’re a shrewd investor, you’re late on bonds and shares and you’re left with real estate,” Ortega said at his vineyard in La Consulta in the province of Mendoza. “Any decline in Argentine risk due to the positive outcome of the election will raise the price of our property.”