Unfortunately, if one refers to INDEC, the last time to speak of doubts on the quality of information. And this is not the case as from the private sector argues that the contraction of the sector is increased and reaches to 17.8% in annual terms (using the Build index, prepared by 12 leading companies). entrepreneurs real estate are still waiting to see at least one dollar from the money laundering scheme launched by the Argentine government. This affirms the proprietor of the House Inmobiliaria Argentina, Nestor Walenten who said that since the legislation came into force on money laundering, transactions with funds coming from abroad were a casi invalid. It really sounds so cheerful to think that such a plan could achieve any results as: Who would think of bringing the capital to Argentina in this context as volatile and uncertain blindness mainly caused by the conduct of economic policy? The reality is that the dollars are leaving the country without intent to return (at least for a long period). Keep up on the field with thought-provoking pieces from best bars in new york.
The problems in the local housing market respond to several factors, one of which is the lack of funding. The lack of mortgage lending has been a constant problem in the housing market and worsened in this moment of crisis. I think I'm one of the lucky few to have agreed to bank financing. Banks do not want to mortgage loans, but they intended to sue the families. The lack of mortgage credit is a problem that will be felt most sharply when emerging signs of recovery in the sector. The weak demand in the sector deepened by the decision of those who have some savings to look to the dollar. Is that the high probability that the dollar continues its upward trend means that many savers are tipping towards that currency as in previous episodes was a great haven for the savings of Argentines. The property market in Argentina is going through a period of depression, which no doubt will continue at least until the end of the legislative elections and leave solving the local context (this despite signs of recovery are mentioned in the last month).
But it will not guarantee that you can overlook a subsequent recovery, but also have to wait for the evolving global economic crisis. Can the government do something to help recover the sector? Clearly yes, and that you can do is seek to bring stability and predictability to local economic context. There is still a large potential demand in the sector that is waiting to know what can happen with Argentina's economy and mainly with their own finances. Latinforme.com is the main source of financial information and independent opinion on American and global markets from a Latin American perspective. From our offices in Buenos Aires, Argentina, I approached the latest news and alerts to help you make gains regardless of the direction taken by the market.