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Argentinian Real Estate Sector to Weather the Storm

3 MIN READNovember 25, 2019
Argentina is weathering the storm and its real estate sector has taken a hit in the last year. “The devaluation of the Argentinan peso, high-interest rates and inflation, accompanied by political changes shaken the real estate sector. According to Mercado Libre Inmuebles, housing prices have been on the rise and are expected to continue into 2020. This may generate reluctance to invest. Nevertheless, it is important to analyze the factors that could impact the industry’s performance throughout 2020,” says Leonardo Di Mauro, Head of Real Estate Latam of GRI Club. 

“At the beginning of 2019, there was an overall optimism expressed by GRI Club members when it came to the Argentinian office market. NKF’s 3Q19 Office Report showed that Buenos Aires, Argentina’s largest office market, continued a low vacancy and positive net absorption trend. Although uncertainty remains in the air, 3Q19 had a positive net absorption of 17,529m²,” says Di Mauro. 

Even though Argentina is going through a challenging period, it is crucial that industry players gather and discuss the best strategies to strengthen the sector, and their investments. Argentina GRI 2019 will take place on December 5 in Buenos Aires and bring together, both national and international, investors, developers and advisors guiding the country’s real estate development. 

To give members a better view of what 2020 will bring for Argentina, Alejandro Catterberg, Director of Poliarquía Consultores and Lorenzo Sigaut Gravina, Director of Ecolatina will discuss the new political configuration, economic forecasts and how these changes will impact the real estate sector. 

The Advisory Board and Club Members such as Alejandro Ginevra (GNV Group), Sebastian Sommer (Tayron), Santiago Riva (RIVA S.A), Gonzalo de la Serna (Consultatio S.A), among others, will participate in discussions regarding Global Business Trends, tourism development, and how to make decisions during times of uncertainty. 

Tourism development seems to be a light of hope for investors and developers alike. The session “Tourism Development - A Promising Alternative in the Current Context?” will be led by Argentina’s largest hotel operators and developers such as Paul Adan (Marriott International), Paula Muniz (Hyatt), Pablo Maturana (Hilton) and Joanna Ayala Quintana (NH Hotel Group). 

Find out more about the discussions and participants in this year’s Argentina GRI 2019, and join the conversation!

Argentina GRI 2019
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