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Argentine real estate activity sharply falls

Posted on 15 January 2013

One thing Argentines will be looking to put far behind them as the New Year begins is last year’s real estate sector performance. According to a recent report, real estate activity in 2012 fell approximately 40%, making it one of the sector’s worst performing years in the country in a decade. For transactions related to properties already on the market, activity plummeted nearly 80%.
One reason for the slowdown is that economic growth in Argentina has stalled. After expanding at a reported rate of nearly 9% in 2011, economic growth for 2012 is expected to amount to less than half of that………………………………………..Full Article: Source


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