18.09.2012 - Chilean residential real estate market activity at highest level in four years
Driven by strong economic conditions and increasing credit availability, Chilean residential real estate market activity remains at its strongest level in four years, with at least 56 new projects in Santiago under development. Total authorized area for construction in the first half of the year surpassed 7.5 million square meters. Real estate sales in the second quarter jumped 35 percent year on year. Based on a report by the Chilean newspaper El Mercurio, 36 apartment building projects in Santiago currently under development constitute a pipeline of 6,212 units. 18 projects comprised of houses represent 1,006 units that will come on line...............................................Full Article: Source
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