While in Spain they are sorry for a report from the IMF that assures that the country will suffer an important deceleration in the growth, and the Spanish look with suspicion and blame an adjustment of the real-estate market that already is originating the closing of 50 % of the real estate agencies, many investors already are thinking about destinations with better forecasts, such it is the case of Argentina, Russia, Romania and Uruguay.
Moreover, it was recently known that Argentinean Allowance Funds will invest in real estate; from offices, to commercial sector and apartments in Buenos Aires, besides an investment in energy, which overcomes 300 million dollars.
The expectation that is generating the advertisement concerning the relocation of the civic center in the south part of the city, and the plan of investments projects are significant movement of funds from the sector towards the construction. It was also known the amount will be destined to the extension of undergrounds, for the period 2008 / 11; ranges in 2.000 million Euros and undoubtedly it will be another trigger factor for new changes in the urban planning of next years.
Investment and more investment are positive information that the market marks for the medium term in Buenos Aires. Surely we will see new developments, new towers and apartments in Buenos Aires for the next years.
Inside the neighborhoods most looked for investments are Puerto Madero, Palermo and Recoleta.