After years of decreasing prices, property values are now breaking the trend and rising in dollar terms. This shift is largely attributed to an anticipated increase in demand due to the legalization of undeclared assets and the availability of mortgage loans. Additionally, the rising cost of construction per square meter is contributing to this upward trend.
In light of this situation, the Canal E team reached out to Daniel Zampone, a real estate broker and vice president of the Argentine Real Estate Chamber (CIA), to discuss the reasons behind this phenomenon.
At the beginning of the year, Zampone talked about cycles of rising and falling prices. He noted that since the second half of 2018, it was a good time to buy as prices continued to drop. In fact, he mentioned that prices had fallen by up to 35%, but they are now starting to recover.
Zampone also pointed out the improvement in rental markets following the repeal of the rental law. He explained that the value of real estate is gradually increasing, making the market more profitable.
Furthermore, he emphasized that mortgage financing is set to play a crucial role in stimulating the sector in the coming years. He predicted that property prices will continue to rise.
Finally, Zampone highlighted that the new regulations on asset legalization allow for loans to purchase properties under construction. He noted that this development supports both ends of the market, ultimately benefiting the real estate activity as a whole.
Source: https://www.perfil.com/noticias/canal-e/mercado-inmobiliario-cuales-son-los-factores-que-empujan-los-precios-al-alza.phtml
