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Argentina’s economy hurting housing market

Posted on 09 October 2012

Argentina’s economy and real estate market managed to survive and even thrive during the worst of the global financial crisis, but unconventional economic controls and subsequent economic slowdown is eviscerating the market.
The Buenos Aires Notary College reports that real estate transactions dropped 46% in the capital city in July 2012. When the currency peg was abandoned the value of the peso sank and now soaring inflation has frozen the property market and the wider economy at large. Rental yields are still performing, but construction has slowed to a halt and investors are scared of entering the market………………………………………..Full Article: Source


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