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Real Estate: Where the Opportunities Are and What's Needed by 2026 - La Nacion Propiedades
Source:
www.lanacion.com.ar
December 17, 2025
After a demanding year, the private construction sector is once again asking itself where to invest and what it needs to recover towards 2026.
By Damian Tabakman
During 2025, real estate, as an Argentine asset, has maintained its value in dollars.Daniel Basualdo
The private construction sector is concluding a challenging year , marked by sustained cost increases, pressure on profitability, and a market that failed to keep pace. However, the current climate is positive and hopeful , as demonstrated by recent sales of high-quality public land acquired by renowned developers and investors. All signs point to growing optimism for the coming years .
A key fact: real estate , as an Argentine asset, has maintained its value in dollars and lagged behind other assets, especially financial securities. Meanwhile, wages and consumer goods have doubled, on average, in dollar terms compared to the previous administration, but the price per square meter has barely increased , even as construction costs have risen.
This gap makes the current context especially attractive for many investors, including international ones, who are beginning to look with interest at local opportunities .
For several months it was possible to access financing at competitive rates to acquire units whose replacement value was, on average, double their market price.
The first half of 2025 was marked by strong activity in the used property market.GaudiLab - Shutterstock
Furthermore, the repeal of the rental law at the beginning of Milei's administration attracted numerous investors and generated more work for real estate agents and notaries. However, its effect on new construction was marginal .
As a sector, we promoted the implementation of divisible mortgages to adapt to this new wave, although in practice they were not ultimately applied .
Pressure on profitability accelerated professionalization and the search for greater efficiency. Freepik
As the pre-election period progressed, the real estate market once again ground to a halt , as is typical during these cycles. The uncertainty was intense and prolonged.
In recent weeks, however, the political landscape has stabilized : country risk has fallen and the public sector has returned to the voluntary debt market.
What explains the renewed optimism among developers and investors ? To a large extent, it's due to the internal work developers have already undertaken to improve productivity and reduce costs. The decline in profitability forced us to professionalize processes, access more competitive imported inputs, and adopt more efficient construction technologies. There is still much to be done, but the direction is clear .
The challenge now is to align sales prices with production costs, a complex task that has prompted strategies such as raising the quality of products, although that approach applies mainly to specific niches.
And naturally the countryside will continue to generate wealth in the country in the coming years, and a good part of the surplus , as has historically happened, will go to bricks and mortar .
In summary: the opportunity map follows the evolution of the winning sectors of the economy .
But these initiatives alone are not enough. The sector needs specific tax incentives and concrete progress on the labor, tax, and pension reforms proposed by the government. Improvements in urban planning regulations are also key, and above all, more streamlined approval processes—a long-standing issue in Argentina.
To modernize this front, it would be essential to adopt a structural change similar to that of several developed countries, which rely on the principle of the Responsible Declaration of the professional in charge to enable the start of work.
This year we saw advances and setbacks : artificial intelligence is beginning to speed up procedures, which is positive, but at the same time some municipalities halted private works due to urban planning deficiencies.
Many developers are already starting to experiment with their own mechanisms with good results, but the structural challenge persists .
The increased availability of mortgage loans strongly boosted demand for used properties.
Massive bank mortgage lending is difficult to consolidate in Argentina , and applying it to real estate projects, which carry the risk of not being completed on time, adds complexity to the issue.
Even so, it is the central issue to address. Other countries in the region have resolved it, and their model should inspire us.
We propose that the pension system be the vehicle that allows the offloading of mortgage loans by their originators to begin to be absorbed, thus generating more fluidity in the market through securitizations.
There is much to be done and we are convinced that public policies can be established to reactivate private construction in the country to improve access to housing and the level of employment in the most populated areas, without generating an additional fiscal cost.
From CEDU, we want to promote this debate immediately together with the government : the benefits for Argentinians would be enormous.
www.buysellba.com
Source:
Propiedades: dónde están las oportunidades y qué se necesita para 2026
Tras un año exigente, la construcción privada vuelve a preguntarse dónde invertir y qué necesita para reactivarse hacia 2026
www.lanacion.com.ar
December 17, 2025
After a demanding year, the private construction sector is once again asking itself where to invest and what it needs to recover towards 2026.
By Damian Tabakman
During 2025, real estate, as an Argentine asset, has maintained its value in dollars.Daniel Basualdo
The private construction sector is concluding a challenging year , marked by sustained cost increases, pressure on profitability, and a market that failed to keep pace. However, the current climate is positive and hopeful , as demonstrated by recent sales of high-quality public land acquired by renowned developers and investors. All signs point to growing optimism for the coming years .
A key fact: real estate , as an Argentine asset, has maintained its value in dollars and lagged behind other assets, especially financial securities. Meanwhile, wages and consumer goods have doubled, on average, in dollar terms compared to the previous administration, but the price per square meter has barely increased , even as construction costs have risen.
This gap makes the current context especially attractive for many investors, including international ones, who are beginning to look with interest at local opportunities .
The push of the used
Looking back at the past year, the high level of activity in the used property segment during the first half of 2025 stands out, driven by the supply of mortgage loans that strongly increased demand.For several months it was possible to access financing at competitive rates to acquire units whose replacement value was, on average, double their market price.
The first half of 2025 was marked by strong activity in the used property market.GaudiLab - Shutterstock
Furthermore, the repeal of the rental law at the beginning of Milei's administration attracted numerous investors and generated more work for real estate agents and notaries. However, its effect on new construction was marginal .
As a sector, we promoted the implementation of divisible mortgages to adapt to this new wave, although in practice they were not ultimately applied .
Favorable winds towards 2026
Pressure on profitability accelerated professionalization and the search for greater efficiency. Freepik
As the pre-election period progressed, the real estate market once again ground to a halt , as is typical during these cycles. The uncertainty was intense and prolonged.
In recent weeks, however, the political landscape has stabilized : country risk has fallen and the public sector has returned to the voluntary debt market.
What explains the renewed optimism among developers and investors ? To a large extent, it's due to the internal work developers have already undertaken to improve productivity and reduce costs. The decline in profitability forced us to professionalize processes, access more competitive imported inputs, and adopt more efficient construction technologies. There is still much to be done, but the direction is clear .
The challenge now is to align sales prices with production costs, a complex task that has prompted strategies such as raising the quality of products, although that approach applies mainly to specific niches.
Where are the opportunities and what is needed?
The search for new territories to operate in is also gaining prominence. Those who invest in regions growing in tandem with the energy and mining boom are well-positioned. These areas demand new housing, shopping centers, offices, warehouses, and educational and healthcare services.And naturally the countryside will continue to generate wealth in the country in the coming years, and a good part of the surplus , as has historically happened, will go to bricks and mortar .
In summary: the opportunity map follows the evolution of the winning sectors of the economy .
But these initiatives alone are not enough. The sector needs specific tax incentives and concrete progress on the labor, tax, and pension reforms proposed by the government. Improvements in urban planning regulations are also key, and above all, more streamlined approval processes—a long-standing issue in Argentina.
To modernize this front, it would be essential to adopt a structural change similar to that of several developed countries, which rely on the principle of the Responsible Declaration of the professional in charge to enable the start of work.
This year we saw advances and setbacks : artificial intelligence is beginning to speed up procedures, which is positive, but at the same time some municipalities halted private works due to urban planning deficiencies.
Credit: the great pending issue
The key to boosting the takeoff of private construction and its direct impact on employment and investment is long-term credit , especially for the purchase of properties off-plan.Many developers are already starting to experiment with their own mechanisms with good results, but the structural challenge persists .
The increased availability of mortgage loans strongly boosted demand for used properties.
Massive bank mortgage lending is difficult to consolidate in Argentina , and applying it to real estate projects, which carry the risk of not being completed on time, adds complexity to the issue.
Even so, it is the central issue to address. Other countries in the region have resolved it, and their model should inspire us.
We propose that the pension system be the vehicle that allows the offloading of mortgage loans by their originators to begin to be absorbed, thus generating more fluidity in the market through securitizations.
There is much to be done and we are convinced that public policies can be established to reactivate private construction in the country to improve access to housing and the level of employment in the most populated areas, without generating an additional fiscal cost.
From CEDU, we want to promote this debate immediately together with the government : the benefits for Argentinians would be enormous.
www.buysellba.com
