Improvements in the Construction Business

After several months of lack of news, finally, during the last 4 months there has been an increase in the percentage of sales on the construction supplies. From April, 2013, the sales over the supplies for the construction business have gone up. During July, the sales continued to climb up and they have reached an increase of more than 10%.

According to the INDEC (the government’s institution of Argentina in charge of taking statistics over the economic activities, among other measurements and duties), during the first two trimesters of 2013, the construction activity has evidenced an increase of 7% and 8.2% (respectively). Moreover, the positive news has also reached the real estate business, since in September an increase of 6.3% on the signing of title deeds has been registered in the “Colegio de Escribanos Públicos de la Ciudad de Buenos Aires” (The Notary Public’s institution of Buenos Aires).

This information about the increase on the sale of construction supplies has been given by the "Indice Construya", an index that it is elaborated by companies that manufacture and sell supplies for constructions.

These positive results would mean an increase and reactivation on the constructions in Buenos Aires. Therefore, these results could mean the beginning of new expectation on the real estate business, which has been waiting for a change for many months now.

Results show that the construction business is finally moving up instead of being frozen for many months in the last year. Still, it is a matter of waiting and seeing if the numbers continue to increase in the next months both in the construction and the real estate markets.