The Argentine in the Twentieth CenturyMartínez, Alberto B.
History
The Argentine in the Twentieth Century
Martínez, Alberto B.
Argentina -- Commerce; Argentina -- Economic conditions; Finance -- Argentina
Among these sales of 1908 which attracted most attention were those
transacted in the Province of Buenos Ayres. These included a tract at
Exaltacion de la Cruz of an area of 914 acres, near the railway station
of Cardales, which, sold in small lots of from 58 to 180 acres, obtained
an average price per acre of £29.6 per acre. At Lomas de Zamora the land
of the establishment “Santa Ines” were sold to the Sansinena Company for
£13, 3s. 6d. per acre. In the department of Azul, a meadow known as “La
Vanguardia,” of an area of 2080 acres, 11 miles from the town of Azul,
found a buyer at £7, 16s, per acre. The San Miguel estate, near the
Manzanares railway station, subdivided into thirty-six lots, was sold at
an average price of £10, 5s. per acre. On the 19th of August 1908, in the
same department, 741 acres fetched a price of £12, 9s. 2d. per acre. At
General Belgrano, less than 2 miles from the railway station, 3294 acres,
divided into five lots, were sold at prices varying from £8, 11s. to £10,
13s. 10d. A tract of 499 acres about 1000 yards from Jeppener Station, in
the department of Brandzen, was sold at the rate of £12, 5s. 9d. Finally,
at Burzaco, at a distance of 2500 yards from the station, 494 acres of
land attained the fabulous figure of £42, 15s. per acre.
These are high prices in comparison with those ruling formerly, and at
present they are firmly maintained.
The prices of lands suitable for agriculture vary greatly, according
to their distance from the great city of Buenos Ayres or the port of
Bahia Blanca, and their proximity to a railway station; accordingly as
they have water near the surface, and are thus adapted to the growth of
lucerne; and according to the terms of payment granted by the vendors.
There are, of course, other factors as well.
Among many other examples, we will cite the 588,050 acres of land at
Curumalan, ten hours from Buenos Ayres, the property of a syndicate
which bought them in 1903 from Messrs Baring Bros, of London, at a price
of £807,575. Up to July the 1st, 1905, this company had sold more than
247,000 acres of land directly to agriculturalists——Russian for the most
part——at prices varying from £2, 10s. 8d. to £3, 4s. 1d., allowing them a
term of three or four years for payment, plus an interest of 8 per cent,
per annum.
The Province of Córdoba is, after the Province of Buenos Ayres, that in
which the land has most rapidly risen in value. Transactions in rural
property are very numerous and represent an important figure. In the five
years from 1899 to 1903, about 9,386,000 acres have changed hands, and in
1904 alone 3,820,830 acres were sold.
Public-domain text, read in full here on John Shaqi.
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