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

Ruben Rojkes, professional Argentinian construction Engineer.

Argentina includes a housing deficit of concerning 3 million homes. This deficit increases at a rate of roughly 36,000 homes per year. Additionally, of 12.2 million total households, sixteen % correspond to rental housing, which is love concerning two million families.

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

A lot of has been said regarding the crisis in the $64000 estate sector in Argentina lately, nowadays we speak with engineer Ruben Rojkés, founder of Avanco, a true estate developer with 25 years of experience within the Argentine market; who can share with us his vision for Tucumán.

The residential sector, that had boomed in recent years, has suffered from Argentina’s money crisis during the last years, and from the high inflation currently existing within the country. Inflation in specific is increasingly becoming the main concern for developers facing new realty projects. As a result of a rise in the value of land and in the cost of construction, investment in the residential sector has significantly decreased over the past months.

During this regard, Rojkés tells us that whereas families grow, young individuals become independent and demand moves, they all face the same problem: “the lack of financing for the middle class sectors, which could be a chronic drawback of the country”.

In line with the latest knowledge provided by the Association of Notaries Public of the Town of Buenos Aires, the entire amount of property purchase and sale deeds registered within the tenth month of 2018 a decrease of 40.7% from the extent of 1 year before , when adding three,669 records, whereas the full quantity of transactions made grew 18.five% to $ 17,728 million.

With regard to expectations, Ruben Rojkés, like many other entrepreneurs in the real estate sector, agrees that the elections can have a great impact on the economy and so have an immediate impact on the important estate market.

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