Argentina | Real Estate and Construction Outlook 2023

The housing market is waiting for a change of cycle that will allow for greater stability and predictability. Rental supply is at historic lows. In the short term, we do not expect construction to be very dynamic.

Key points

• Key points:
• Affordability of housing continues to be a worrying challenge. Despite the drop in prices, the possibility of purchasing a property is still far away, and incentives for its construction predominate.
• The level of mortgage loans has reached historic lows, as it has become unaffordable for those who need it most.
• The rental supply has collapsed and is reaching historic lows due to the adverse effect of the Rent Law.
• The transformation of the office market continues. Although vacancy has decreased, it remains at high levels.

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