The projections for 2022 are positive among real estate developers, with prospects for an improvement in sales and a higher demand for properties.
“We are clear that it will be a good year, we see a favorable context for the recovery of sales and return on investment”, he pointed Leonardo Rodríguez Nader, CEO and co-founder of CMVN Comunidad de Inversión.
He said that “it is a good time, history has shown that after major international crises comes a prolonged period of growth” and projected that “large cities like Buenos Aires will reorganize themselves and will be a great focus of investment for infrastructure and services. what are you offering”.
“Urban life will be consolidated in a proposal of multiple uses. International tourism will be a great reactivator that will test insufficient installed capacity with very little investment in recent decades,” he added.
For its part, Ari Milsztejn, CEO of G70 Developments, He trusted that 2022 will be “a little clearer, to be able to project at least the whole year; construction will continue because it continues to be the only refuge of long-term value.”
He held that in 2021 “sales were low” and that “all the factors led the units to lower their prices in dollars, which generated that, when closing operations in advanced works, the negotiation times were stretched and the offers were well below equilibrium.”
Anyway, Milsztejn stressed that the constructions “advanced at a good pace” leveraged by the rise in the dollar and that construction prices started in 2021 being low, but they were increasing as the year progressed.
In the short and medium term, he said that “clear rules, tax and fiscal benefits are needed for those who build and for the buyer.”
Rodríguez Nader stated that “the repeal of the rental law or its modification towards a model that works for all parties is imperative” and that “It is essential to work on a new private promotion law for access to housing.”
In the same line, Hernán Nucifora, CEO of Global Investmentssaid that “expectations for 2022 are build among all a market healthier, more competitive, with better financing and access to housing. See how a person from the middle, lower middle and upper middle class can access their home “.
Marcelo Buyo, director of Booho Developers pointed out that “the current situation is similar to that of 2015, well projects are those sought by the individual investor and the wholesaler. Most of these are marketed with an advance and financing on the job with the objective of channeling the pesos that are generated and thus face the devaluation of the currency due to inflation. “
Regarding the levels of activity, Santiago Tarasido, CEO of CRIBA analyzed that “2021 was a year of great sacrifice and growth, we overcame one of the worst crises in the history of the construction sector thanks to the large investment made in technology, processes and safety that allowed us to quickly resume operations at the construction sites Y recover, in the short term, the levels of pre-pandemic activity “.
“It is essential to generate incentives for the reactivation of the sector, which is a great multiplier of the economy. As for the private works sector, it is important to generate tools that favor investment,” he said.
Juan Manuel Tapiola, Ceo of Spazios, assured that “the demand is expectant and latent” and that “slowly the projections are improving and that generates that the expectation of the context improves and the real estate market becomes attractive again in 2022”.
On the other hand, Luis Guido, director of Grid SA considered that “At this time, the only developments that can be considered an opportunity are developments that have to do with the tourism sector.”
“As long as the post-pandemic continues, it will maintain the trend of greater domestic tourism in Argentina. This means that any development that has income related to the tourism sector seems to be giving a much better income perspective than any property intended for housing or , fundamentally, to the office sector that has also been very deteriorated, “he concluded.
