Construction & Real Estate
From The Report: Argentina 2018
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An increasingly open market and policies to boost inclusivity are benefitting construction in Argentina. For example, a more transparent measure to subsidise mortgages for homebuyers has replaced supply-side stimulus packages, which should help disadvantaged populations. Meanwhile, efforts are being made to bridge the infrastructure gap and formalise labour. Public works and other construction projects are expected to continue throughout 2018 and gather pace in 2019, with government investment in infrastructure reaching $709m in 2018. Meanwhile, the real estate market in Argentina has been undergoing a transformation as a result of the measures taken by President Mauricio Macri’s administration. The Greater Buenos Aires region, for example, is home to a wide variety of residential, retail, office and industrial offers that make up a diversified property market. The sector accounted for 10.2% of GDP in 2017.

This chapter features an interview with Gonzalo Monarca, President, Grupo Monarca.

Articles from this Chapter

Overview

Revitalised works: The government is working to address the housing shortage, bridge infrastructure gaps and formalise labour
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An increasingly open market and policies to boost inclusivity are benefitting construction in Argentina. For example, a more transparent measure to subsidise mortgages for homebuyers has replaced supply-side stimulus packages, which should help disadvantaged populations. Meanwhile, efforts are being made to bridge the infrastructure gap and formalise labour. Sector Performance Following a challenging year in 2016, the sector rebounded to a 10.3% expansion in 2017, significantly outpacing…

Analysis

Building partnerships: The Public-Private Partnership Contracts Law supports greater foreign participation in infrastructure development
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With the goal of improving domestic quality of life and increasing the competitiveness of production, Argentina’s government is working to boost infrastructure, with plans to attract $26.5bn in public-private partnership (PPP) investment over the 2018-22 period to support inclusive development. As part of these efforts, the authorities introduced the PPP Contracts Law, No. 27328, in November 2016. The two previous attempts to introduce such a bill were not fruitful: in the 1990s the market…

Overview

On track: The public and private sectors seek to meet rising demand for property from developers and buyers alike
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Previously undermined by high inflation rates and currency controls, the real estate market in Argentina has been undergoing a transformation as a result of the measures taken by President Mauricio Macri’s administration. The Greater Buenos Aires region, for example, is home to a wide variety of residential, retail, office and industrial offers that make up a diversified property market. The sector, referred to by the National Institute of Statistics and Censuses as “real estate, business…

Interview

Stable market: Gonzalo Monarca, President, Grupo Monarca, on opportunities and challenges facing real estate
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Interview:Gonzalo Monarca What are the key opportunities and challenges facing real estate in the medium term? GONZALO MONARCA: After developers incorporated the pre-selling model, as is used in other regional economies, the sector has begun to properly develop. Access to supply-side housing credit has traditionally been challenging, but the new model allows us to use clients’ investments to finalise construction. Luckily, Argentines have relatively steady demand for property ownership,…