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Real estate market meeting and record attendance: key factors, construction costs, used goods, and Luis Caputo's announcement - Ambito Financiero
Source:
www.ambito.com
August 14, 2025
By Jose Luis Cieri
The Real Estate Expo brought together leaders and entrepreneurs, a debate on the challenge of building with rising prices, and the announcement of loans for developers.
The Real Estate Expo brought together more than 20,000 attendees and established itself as the most attended real estate market event in recent years.
The Real Estate Expo once again brought together developers, investors, real estate agencies, and service providers in a single space, with record attendance and a climate marked by moderate optimism. More than 20,000 attendees participated in the discussion, which included construction costs (up 122% from October 2023 to the present when measured in dollars), land purchases, the incorporation of technology, the strength of the used market , and investment prospects for the coming months.
In this context, Economy Minister Luis Caputo announced that Banco Nación will be the first financial institution to grant dollar-denominated loans to urban and suburban developers . The loan will have a 72-month term, "super-reasonable" rates, and the option to transfer the financing to the mortgage buyer. He explained that the institution has US$500 million in equity capital to fund the new loan, which will be granted with its own funds or external financing. "I hope more banks join, because the potential is enormous," he said.
Caputo considered credit to be "the key" to boosting the economy and placed the real estate sector among the strategic drivers, along with energy and mining. He also questioned taxes and regulations that, in his view, hinder development, and denounced the existence of corrupt practices in some municipalities and provinces.
Luis Caputo announced at the Real Estate Expo that Banco Nación will provide dollar-denominated loans to developers, with terms of up to 72 months and "reasonable" rates.
"We can't continue living with such distorted taxes. More than one person here will surely have to continue bribing municipalities or governors. We shouldn't do this anymore; we have to change this," he stated.
For Issel Kiperszmid of Dypsa (who also received a Lifetime Achievement Award as a developer at the Expo, presented by his son, Nicolás, who is following in his father's footsteps), the measure is a step forward, and once the macroeconomic situation improves, a broader lending model for the construction sector could be consolidated . He emphasized that maintaining growth and securitizing portfolios will be key so that banks have sufficient lending volume. He expressed optimism that, sooner or later, financial institutions will opt for this approach.
People browse the stands. Ongoing projects, new developments, and international proposals marked the pulse of an edition with a strong presence of investors and entrepreneurs.
Sebastián Sosa , president of Re/Max Argentina and Uruguay , emphasized that such a well-attended Expo hadn't been seen since 2015 and that the event's magnitude reflects an active, more professional market with more available tools. He stated that current prices are "ridiculously low" and that this is a latent purchasing opportunity, although each decision must consider each individual's needs. Regarding development, he acknowledged that costs remain a challenge, but recommended that those who have already started construction continue and that those considering starting a project should carefully analyze their financial situation. He believed that a significant drop in costs will not be seen again and that the future will require smaller margins and greater efficiency.
He added that, in the medium term, they aim to integrate office and construction operations, predict cash flow needs, and prepare strategic reports for investors and clients. They will also launch operations in Mexico, particularly in the Mexican capital, Monterrey, and Quintana Roo, the areas experiencing the greatest construction boom in the country.
Ezequiel Leibaschoff , commercial director of GCH (Grupo Chomer), noted that the market is experiencing a positive period, with a sustained increase in inquiries and transactions compared to the previous year. He explained that, although construction costs remain high, unit prices are slower, creating opportunities for those looking to invest in or purchase a home. He emphasized that in areas like Núñez, where strategic location combines with quality of life, demand is sustained and increases in value.
He highlighted the progress of projects such as Aura Núñez, Aura Olivos, and Orión Parque, the latter being the only mixed-use development in the Innovation Park, with more than 80% of units sold in just a few months.
Verónica Blanco , director of BLM Financial Services , stated that the market has undergone a significant change since the repeal of the Rental Law, with increased use of private guarantees between tenants and landlords, even in commercial premises with three-year leases that are quickly activated. In housing, she emphasized the need for tenants to demonstrate a stable income and for landlords to have all the necessary documentation.
In the case of commercial premises, he stressed the importance of complying with fire safety conditions and other legal requirements, in a context of good demand.
The lectures were also followed with attention
For his part, Gabriel Brodsky , Chairman of Predial, believes this situation will boost the growth of the development segment. He singled out neighborhoods like Almagro and Villa Crespo as natural spillovers from Palermo, and Saavedra as an expanding area due to the impact of Belgrano and Núñez. He estimated that by 2026, the supply of used properties for sale in Buenos Aires could drop to fewer than 70,000 units.
He expressed his satisfaction with the impact of the Expo and stated that the sector is experiencing a great moment, with interest from both local buyers and those from other provinces and foreign investors. He indicated that prices are around US$4,000 per square meter.
For his part, Juan Pablo Reverter of H. Ledesma reported that the company has presented hotel projects in Barcelona and Madrid and is considering developing new proposals focused on corporate tourism. On the local level, he highlighted the strengths of Mar del Plata, with beachfront developments and others in areas along Edison Avenue to the south and in Santa Clara del Mar to the north.
"Mar del Plata and its surrounding area have great potential to attract investment in both recreational and corporate tourism. In fact, more and more people are moving to the city and looking for expanding, renovated areas close to service spaces such as shops, health centers, offices, educational institutions, clubs, gyms, universities, among others," Reverter concluded.
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Source:
Cita del mercado inmobiliario y concurrencia récord: los ejes, costos de construcción, el usado y anuncio de Luis Caputo
La Expo Real Estate reunió a referentes y empresarios, debate sobre el desafío de edificar con precios en alza y el anuncio de créditos para desarrolladores.
www.ambito.com
August 14, 2025
By Jose Luis Cieri
The Real Estate Expo brought together leaders and entrepreneurs, a debate on the challenge of building with rising prices, and the announcement of loans for developers.
The Real Estate Expo brought together more than 20,000 attendees and established itself as the most attended real estate market event in recent years.
The Real Estate Expo once again brought together developers, investors, real estate agencies, and service providers in a single space, with record attendance and a climate marked by moderate optimism. More than 20,000 attendees participated in the discussion, which included construction costs (up 122% from October 2023 to the present when measured in dollars), land purchases, the incorporation of technology, the strength of the used market , and investment prospects for the coming months.
In this context, Economy Minister Luis Caputo announced that Banco Nación will be the first financial institution to grant dollar-denominated loans to urban and suburban developers . The loan will have a 72-month term, "super-reasonable" rates, and the option to transfer the financing to the mortgage buyer. He explained that the institution has US$500 million in equity capital to fund the new loan, which will be granted with its own funds or external financing. "I hope more banks join, because the potential is enormous," he said.
Caputo considered credit to be "the key" to boosting the economy and placed the real estate sector among the strategic drivers, along with energy and mining. He also questioned taxes and regulations that, in his view, hinder development, and denounced the existence of corrupt practices in some municipalities and provinces.
Luis Caputo announced at the Real Estate Expo that Banco Nación will provide dollar-denominated loans to developers, with terms of up to 72 months and "reasonable" rates.
"We can't continue living with such distorted taxes. More than one person here will surely have to continue bribing municipalities or governors. We shouldn't do this anymore; we have to change this," he stated.
Great conformity
The president of the Chamber of Urban Developers (CEDU), Damián Tabakman , described the real estate market event as a historic record, with more than 20,000 attendees and unprecedented quality of presentations. He maintained that an energy was generated that is driving the market to reactivate, grow, and facilitate access to housing. He considered that the macroeconomic context is moving toward stability, although the process will be laborious, and welcomed the announcement by Banco Nación, which he described as a sign of commitment. He also advised that now is a good time to buy land, anticipating that prices will be higher once the country returns to normal.For Issel Kiperszmid of Dypsa (who also received a Lifetime Achievement Award as a developer at the Expo, presented by his son, Nicolás, who is following in his father's footsteps), the measure is a step forward, and once the macroeconomic situation improves, a broader lending model for the construction sector could be consolidated . He emphasized that maintaining growth and securitizing portfolios will be key so that banks have sufficient lending volume. He expressed optimism that, sooner or later, financial institutions will opt for this approach.
People browse the stands. Ongoing projects, new developments, and international proposals marked the pulse of an edition with a strong presence of investors and entrepreneurs.
Sebastián Sosa , president of Re/Max Argentina and Uruguay , emphasized that such a well-attended Expo hadn't been seen since 2015 and that the event's magnitude reflects an active, more professional market with more available tools. He stated that current prices are "ridiculously low" and that this is a latent purchasing opportunity, although each decision must consider each individual's needs. Regarding development, he acknowledged that costs remain a challenge, but recommended that those who have already started construction continue and that those considering starting a project should carefully analyze their financial situation. He believed that a significant drop in costs will not be seen again and that the future will require smaller margins and greater efficiency.
Technology and what's next
Lebane's Chief Business Officer, Bruno Lerer , observed an increase in the number and quality of attendees compared to last year and detected a greater interest among developers in professionalizing project management. He explained that the Lebane platform allows for centralizing all information on projects, budgets, and clients, providing real-time data for making informed decisions. He indicated that this tool helps identify spending deviations, optimize purchasing, negotiate with suppliers, and prioritize the areas that add the most value to the final product.He added that, in the medium term, they aim to integrate office and construction operations, predict cash flow needs, and prepare strategic reports for investors and clients. They will also launch operations in Mexico, particularly in the Mexican capital, Monterrey, and Quintana Roo, the areas experiencing the greatest construction boom in the country.
Ezequiel Leibaschoff , commercial director of GCH (Grupo Chomer), noted that the market is experiencing a positive period, with a sustained increase in inquiries and transactions compared to the previous year. He explained that, although construction costs remain high, unit prices are slower, creating opportunities for those looking to invest in or purchase a home. He emphasized that in areas like Núñez, where strategic location combines with quality of life, demand is sustained and increases in value.
He highlighted the progress of projects such as Aura Núñez, Aura Olivos, and Orión Parque, the latter being the only mixed-use development in the Innovation Park, with more than 80% of units sold in just a few months.
Verónica Blanco , director of BLM Financial Services , stated that the market has undergone a significant change since the repeal of the Rental Law, with increased use of private guarantees between tenants and landlords, even in commercial premises with three-year leases that are quickly activated. In housing, she emphasized the need for tenants to demonstrate a stable income and for landlords to have all the necessary documentation.
In the case of commercial premises, he stressed the importance of complying with fire safety conditions and other legal requirements, in a context of good demand.
The potential of the used
The president of the Argentine Real Estate Chamber, Nancy Vieitez , stated that this year's Expo showcased the potential of a sector that is experiencing a period of progress. She indicated that, with record transactions (between CABA and the province of Buenos Aires, 60,000 had been completed by last June), the used market once again prevailed among buyers and warned that next year, the supply of two- and three-bedroom units for less than US$120,000, as well as PH-type properties, could decrease .
The lectures were also followed with attention
For his part, Gabriel Brodsky , Chairman of Predial, believes this situation will boost the growth of the development segment. He singled out neighborhoods like Almagro and Villa Crespo as natural spillovers from Palermo, and Saavedra as an expanding area due to the impact of Belgrano and Núñez. He estimated that by 2026, the supply of used properties for sale in Buenos Aires could drop to fewer than 70,000 units.
Inland and expansion
The head of Armentano Desarrollos Inmobiliarios, Nicolás Armentano , presented the El Borgo project in Mendoza, a mixed-use complex that seeks to create a new commercial and tourist center in the province. The development combines architecture, nature, and international hospitality under the standards of the Autograph Collection by Marriott International. It will comply with the Pedregales law and will be centered on a waterway that runs through the property.He expressed his satisfaction with the impact of the Expo and stated that the sector is experiencing a great moment, with interest from both local buyers and those from other provinces and foreign investors. He indicated that prices are around US$4,000 per square meter.
For his part, Juan Pablo Reverter of H. Ledesma reported that the company has presented hotel projects in Barcelona and Madrid and is considering developing new proposals focused on corporate tourism. On the local level, he highlighted the strengths of Mar del Plata, with beachfront developments and others in areas along Edison Avenue to the south and in Santa Clara del Mar to the north.
"Mar del Plata and its surrounding area have great potential to attract investment in both recreational and corporate tourism. In fact, more and more people are moving to the city and looking for expanding, renovated areas close to service spaces such as shops, health centers, offices, educational institutions, clubs, gyms, universities, among others," Reverter concluded.
www.buysellba.com
