Argentina construction activity increases 10%
During the first five months of 2010 Argentina’s construction industry increased its activity by 10 per cent annually while the housing market reversed its decline from previous years and the housing supply grew 7.1 per cent, according to a report from the University Argentina de la Empresa (UADE).
The study, prepared by the Institute of Economics, Faculty of Economics, forecasts short-term "stability" in real estate sales and prices, as well as the supply of rental properties.
Argentina construction has been showing signs of recovery since late 2009 and throughout 2010, especially between March and May. During the first five months of 2010, the construction industry increased its activity by 10.0% annually.
During this period, cement shipments rose 6.6% and asphalt sales by 7.7%.
Regarding the housing market, in the supply of housing property (Buenos Aires and the suburbs) in 2010 there was a reversal of the fall of the previous two years. In a comparison of the first five months of 2010, the increase was 7.1% YoY.
Published under Cement News
