Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Argentina.
Argentina offers relatively low property prices, especially when compared to other countries with similar characteristics. This affordability makes it an appealing market for foreign investors looking to get a foothold in Latin America.
Cities like Buenos Aires offer a cosmopolitan lifestyle with a vibrant cultural scene. Many international buyers are attracted to the quality of life and the European-influenced architecture. Argentina's unique mix of European and Latin American influences makes it an appealing destination for tourists and expatriates, creating a market for short-term rental properties.
Argentina is experiencing ongoing urbanization, particularly in larger cities. This trend tends to drive demand for real estate, especially for newer, more efficient developments that cater to an expanding urban population.
Argentina is a major tourist destination, particularly for visitors seeking adventure (Patagonia), culture (Buenos Aires), and wine (Mendoza). Investment in short-term rental properties can benefit from the tourism sector, which remains a robust part of the economy.
