Housing Markets on the Rise in Argentina, Canada, and Guyana

    Nov 13, 2019 @ 03:00 AM / by Patrick Benedetti


    Sunset in Neuquen, Argentina. Photo taken by AIRINC surveyor Meleah Paull.

    Neuquen, Argentina

    Rents increased in Neuquen due to higher demand and low vacancy rates. Real estate agents have clients on waiting lists for apartments, and rentals are not listed for long before being rented. Construction projects are underway for new apartment buildings, which should help increase the number of two- and three-bedroom apartments. However, with growing expatriate demand, rents may increase over the next six to twelve months.


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    Georgetown, Guyana

    The expatriate rental market in Georgetown has seen extremely high inflation over the past year as expatriates arrive to work on the offshore Stabroek Oil Block. Supply of good quality rentals is extremely low. New construction and renovation of existing properties are mostly focused on two- and three-bedroom apartments. Rents are expected to continue to rise over the next six to twelve months in response to strong demand.


    Kitimat BC, Canada

    Sudden economic growth has significantly increased rents in Kitmat’s limited housing market. The new LNG project is expected to increase demand from incoming project managers and expatriates. Current stock consists of mostly townhomes and single to mutli-family homes, though construction of new apartments is expected. Sources said that new building permit requests and new construction projects appear weekly.


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    Topics: Housing, Expatriate Housing, Data Points, Insights and Experience, International Housing Guide, Argentina, Guyana, Georgetown, Site Summaries, economic volatility, Canada, Neuquen, Kitimat

    Patrick Benedetti

    Written by Patrick Benedetti

    Patrick joined AIRINC as a cost-of-living researcher in 2003 and has traveled to over 70 countries. He maintains AIRINC's Location Profiles product, produces AIRINC’s quarterly data newsletter “Data Points,” and works with the AIRShare Blog Team. After years co-managing the Housing Team, Patrick most recently joined the Research Team as Senior International Research Manager.