Balance The Second Quarter of This Year
March 26th, 2009 by admin
Beyond the recent announcements have brought a new stage of expectations, to be measured at the time, the balance at the end of the second quarter of the year remains positive. Thus, construction activity continues to increase scoring higher than 20% work with the fall in unemployment.
Effective demand in Capital Federal, reduced its rate of growth.
Over 70,000 new jobs created are registered in the construction industry in the past year. The GDP growth rate of construction was the end of the first half of the year 22, 40%, up 181.76% to the GDP growth rate overall for the same period recorded a 7.95% increase annualized. The pro-cyclical trend of construction activity is underlined by the figures, which come in consistently showing a significant increase relative to the previous year.
From the air that replaces the INDEC, covering 42 municipalities, it appears that ended the eighth month of the year, had approved a total of 6,077,103 m2. This represents a growth on the surface of permissive 26.10 % over the same period in 2005 and 74.87% higher than that adopted during the 2004 footage.
The situation in the city of Buenos Aires, between January and August this year, also showed growth, but in this case 43% of the total approved by the municipality for new works and extensions.
With regard to the distribution of housing projects in Capital Federal, Caballito neighborhood shows a growth of 149.6% when comparing the meters approved in the first eight months of this year, with the same term last year, ranks second with 197,008 m2. near Palermo, where the leader was 228,634 m2. Currently among the five districts where more work is authorized, accounted for 43% of the total area, while accumulated in the first eight months of 2005 the first five quarters agglutinated 56% of the total area, which indicates a greater distribution of projects, which also is demonstrated by the escalation of the neighborhoods that until this year did not appear within the areas with the highest construction, such as Almagro on fifth place and in Chacarita and Flores 7th and 8th respectively.
MORTGAGES AND DEMAND
At the end of the second quarter of 2006 that the number of deeds recorded before the sale of immovable property of the Federal Capital was 61,644 a 6.1% increase which comes into effect from January to August 2005.
Mortgages registered on the other hand, increased by 27.2% compared to the registered during the first eight months of last year, totaling 4853. While the increase is noticeable is still far from the 22,545 that were recorded during 1998. However, the percentage of mortgages relative to total sales is growing steadily, demonstrating the integration of operations with more funding support, reaching a cumulative basis for the first two months of the year 7.87%, representing a increase of almost one digit over the same period last year. (6.88%).
In the province of Buenos Aires, the increase in purchase transactions is higher than in capital for the first 8 months of the year, reaching 7.29% one year terms, and that between August 2006 had been A total of 84,464 compared to 78,723 registered in 2005.
In sum, the figures are still showing an interannual growth in activity indicators such as demand, albeit at lower rates than those recorded at the end of the first quarter, on the other hand warns the gradual but steady increase in the percentage of participation mortgage financing and increasing the number of projects in other areas and neighborhoods in the city.
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