February 8, 2025 - 11:50
In a bold move, Javier Milei has abolished rent control regulations in Argentina, leading to a significant revitalization of the real estate market. The decision has sparked immediate positive effects, as noted by the former vice president of Argentina's central bank.
With the removal of these restrictions, property owners are now able to set rental prices that reflect current market conditions. This newfound flexibility has encouraged investment in residential and commercial properties, leading to an influx of new developments across the country. The lifting of rent control has also spurred competition among landlords, resulting in improved property maintenance and services for tenants.
As the market adjusts, many analysts predict a resurgence in construction activity, which could further stimulate the economy. The shift is seen as a crucial step towards restoring confidence in the Argentine real estate sector, which had been struggling under the weight of outdated regulations. Overall, the end of rent control appears to be a turning point for Argentina's housing landscape.
