Newsletter – October 2011

ARGENTINA’S ECONOMY REPORT

According to a World Bank statement Argentina’s economy will end year 2011 with a GDP growth of 8% -wich has been the average for the past eight years-

 

REAL ESTATE DEVELOPMENT BOOM

IN DEEP ARGENTINA’S SMALLER CITIES

It is a fact not seen in the country for the past 50 years: real estate is booming also in the 100,000 to 200,000 people cities inside the country’s vast territory. Cordoba and Rosario, Argentina’s second and third biggest cities are going through a non precedent R.E. boom. With a population of  1,000,000 each, they hold over 600 middle and big size developments each one of them. But what it is most impressive is the development of smaller cities all over the country. Beautiful and high end condominium projects are being designed and built for the prosperous middle class of those small and sometimes far away communities. Their prosperity is based on the country’s high price food exports.

 

PLAZA DOMUS, Rada Tilly, Chubut , Patagonia Argentina

It is a mixed use housing and retail Project in Rada Tilly, a beach suburb of 250,000 people Comodoro Rivadavia city on the Atlantic Ocean in east Patagonia. C.R. is a very important oil industry center.

The contemporary design project is an absolute novelty for this town focused on fulfilling the demand of the income increasing population of the area.

The building will have one and two bedroom condominium units for young families and a middle size mall for the prosperous town people.