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Argentina: Housing market fell 21pct in 2012

Posted on 19 February 2013

The real estate market in Buenos Aires fell 21.16% in value of sales in 2012, according to a report by the city’s Notary Public Association. The number of sales in the housing market, 46,625, was down roughly 27% compared to this time period in 2011.
The biggest decrease occurred in the month of September, when about 46% fewer deeds were purchased than in September 2011. There are signs, however, than an improvement is in sight. Slight increases were registered in the final three months of 2012, in comparison to the previous respective periods…………………………………….Full Article: Source

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