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Starting in 2025, the City of Buenos Aires implemented substantial changes to its Urban Planning Code (CUR) with the goal of balancing urban development and preserving neighborhood identity. These modifications have created both opportunities and challenges for the commercialization of land, affecting developers profitability and redefining the dynamics of the real estate market. Main modifications and their impact on lot sales 1. Height restrictions in residential neighborhoods The new code imposes stricter restrictions on building heights in residential areas, seeking to preserve architectural harmony and avoid buildings that clash with their surroundings. This has impacted the expected profitability of many lots, especially those located in neighborhoods where larger projects were previously possible. As a result, there has been a drop in demand in certain areas, with downward adjustments in land values ??for land with less construction capacity. 2. Incentives for development in the south of the city In order to promote growth in historically underdeveloped areas, the CUR is introducing an incentive system for projects in southern neighborhoods. Developers investing there will be able to transfer construction capacity to projects located in higher-demand areas in the north. This measure has revived interest in land in the south, with a projected 25% appreciation in value over the next three years . Furthermore, many companies are reorienting their strategies toward corridors and avenues that now allow for greater buildability. 3. Expansion of free spaces in blocks The new regulations encourage the inclusion of open spaces within blocks , improving urban permeability and allowing natural light and ventilation. Although this provision aims to improve the environmental quality of neighborhoods, it also reduces the buildable area, which could negatively impact the profitability of some developments. 4. Strengthening neighborhood identity The CUR also emphasizes preserving the identity of each neighborhood , regulating the morphology and building typology to maintain aesthetic and functional coherence. For developers, this represents a double challenge: adapting designs to current regulations and, at the same time, identifying investment opportunities in areas that allow for more efficient land use without altering the local identity. New strategies for investors and developers Given this new regulatory landscape, the Buenos Aires real estate market is undergoing a transformation. Sector players are redefining their strategies to adapt to the new rules of the game: Land search in emerging areas : The projected revaluation of the south of the city generates new investment opportunities with affordable prices and the potential for sustained development. Maximizing construction footage : The focus has shifted toward corridors and avenues with greater building capacity, allowing for more ambitious projects. Sustainable projects with green spaces : New regulations encourage proposals that are more friendly to the urban environment, which increases the attractiveness of sustainable developments. An evolving market The new Buenos Aires Urban Planning Code marks a turning point in real estate development. While it imposes restrictions—especially in residential areas—it also opens up new opportunities in neighborhoods that have previously lagged behind. The challenge for developers and investors lies in identifying land with real potential , strategically interpreting current regulations, and with an adaptive approach in a context of constant change. |
