Construction & Real Estate

An increasingly open market and policies to boost inclusivity are benefitting construction in Argentina. For example, a more transparent measure to subsidise mortgages for homebuyers has replaced supply-side stimulus packages, which should help disadvantaged populations. Meanwhile, efforts are being made to bridge the infrastructure gap and formalise labour. Public works and other construction projects are expected to continue throughout 2018 and gather pace in 2019, with government investment in infrastructure reaching $709m in 2018. Meanwhile, the real estate market in Argentina has been undergoing a transformation as a result of the measures taken by President Mauricio Macri’s administration. The Greater Buenos Aires region, for example, is home to a wide variety of residential, retail, office and industrial offers that make up a diversified property market. The sector accounted for 10.2% of GDP in 2017. This chapter features an interview with Gonzalo Monarca, President, Grupo Monarca.