Garages on the rise

Currently, Buenos Aires is going through a boom in the construction business. Each day, there are more and more new buildings (big, medium, and small) built in the city. Some years ago, many old houses tended to be recycled and they maintained their style; today, these houses are being sold and destroyed, and they become an apartment building or small houses (duplexes, and the like).

Now, you must be wondering, what does this have to do with garages? Truth is, garage buildings are also being demolished and becoming buildings. This means that nowadays there are less and less garages to park cars around the city of Buenos Aires.

This brings two major consequences: 1) the price on the garage rentals has increased everywhere, since there is more demand and less supply; 2) This has also made it harder to park on the streets.

Another true fact of Buenos Aires is that every day, there are more and more cars on the streets. During the last years, car sales have been going up, and they intend to continue growing. This can be seen in the daily traffic jams there take place around the city.

All these information can only bring one conclusion: the idea of renting or selling garages or parking spots would be really interesting. Since there are many cars out there that need to be parked somewhere, you can find them a solution, and gain a few bucks.

So, if you are planning to invest in something, do consider garage rentals or sales, since this can provide you a good income, if you do it when the time is right.