What to expect within the Argentine realty sector for this year.

Posted by

Ruben Rojkes, skilled Argentinian construction Engineer.

Argentina has a housing deficit of concerning three million homes. This deficit increases at a rate of approximately 36,000 homes per year. Additionally, of 12.a pair of million total households, sixteen percent correspond to rental housing, that is love regarding 2 million families.

After the normalization of the foreign exchange market in 2015, there was a push in construction and also the mortgage sector in Argentina, but soon when, in 2018, the indicators of the residential construction sector contracted once more significantly, furthermore investment in infrastructure thanks to the impact of the exchange rate and the necessity for fiscal adjustment.

Much has been said about the crisis in the $64000 estate sector in Argentina in recent years, nowadays we talk with engineer Ruben Rojkés, founding father of Avanco, a real estate developer with 25 years of experience within the Argentine market; who will share with us his vision for Tucumán.

The residential sector, which had boomed in recent years, has suffered from Argentina’s money crisis during the last years, furthermore from the high inflation currently existing within the country. Inflation in explicit is increasingly turning into the most concern for developers facing new real estate projects. As a result of a rise in the value of land and in the value of construction, investment within the residential sector has significantly decreased over the last months.

During this regard, Rojkés tells us that while families grow, young individuals become independent and demand moves, all of them face the same drawback: “the shortage of financing for the center category sectors, that may be a chronic drawback of the country”.

According to the most recent information provided by the Association of Notaries Public of the Town of Buenos Aires, the entire quantity of property purchase and sale deeds registered within the tenth month of 2018 a decrease of 40.7% from the level of one year before , when adding 3,669 records, while the total amount of transactions created grew 18.5% to $ seventeen,728 million.

Regarding expectations, Ruben Rojkés, like many different entrepreneurs in the $64000 estate sector, agrees that the elections can have a great impact on the economy and so have a right away impact on the real estate market.