Real Estate

• Saturday, March 7th 2009 - 07:12 UTC

  Buenos Aires construction industry optimistic about mid term recovery

  

  Following five years of strong growth the construction industry in the Argentine capital Buenos Aires has begun a new cycle. In 2008 the total number of construction permits authorized by local authorities reached 2.5 million square metres which represents a contraction of 20.3% compared to 2007, and anticipates a decline in activity for this year, according to a report from the local consultants Real Estate Report.