Searcher

Published on Friday, August 9, 2019

Argentina | Housing and Construction Outlook 2019

The 2018 exchange rate crisis drove the economy into a strong recession that ended the mortgage spring that had led the previous year's growth. There are still no clear signs of a solid recovery in the sector, although the outlook for 2020 is positive. There are opportunities for improvement in terms of housing.

Key points

  • Key points:
  • The modification of the economic scenario in 2018 generated a deep recession and deteriorating of social conditions, causing a collapse in the demand for properties and the worsening of accessibility to housing.
  • In 2019 the mortgage market continues to slow down and deed levels are close to their historic lows.
  • The depreciation of the Argentine peso pushed up the price of properties in local currency against the cost of construction.
  • Despite escalating inflation, index-linked loans remain attractive and have very low levels of non-performing loans.
  • The outlook for 2020 is positive, taking into account the economic recovery, the incentives given by the government and having already passed the 2019 presidential elections.

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in