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Construction grew 10 percent

is over the previous year. The outlook suggests that the sector will continue on the right track, said the head of the Argentina Chamber of Construction (CAC), Carlos Enrique Wagner.
construction in Argentina performed well during 2010, up 10% over the previous year and the outlook suggests that the sector will continue to the right track, said the head of the Argentina Chamber of Construction (CAC), Carlos Enrique Wagner. "The year was much better than expected. We thought we were going to grow by 5% and finally we did 10% and this trend will continue strong, "he said.
Wagner said the decree signed Wednesday by President Cristina Fernandez de Kirchner, extending the 2011 budget, funds intended for public works "are all guarded." For
budget year 2010 for public works, said that "it was good, no debt passes next year. "
noted that public works "will continue and accelerate" while recalling that in 2010 broke all records of cement consumption in the country, which was placed above the 10 million tonnes. As formal sector employment said "increases slowly and is located in the 420 000 workers."
Wagner said that during the past year and for 2011 notes that the trend will be maintained by the investor to buy real estate as proof of value, "which encourages the private sector, despite the rising price of materials and labor. "
admitted that the problem persists in the private construction sector is "the lack of funding, which makes both social class and middle-income unaffordable housing." He also described the construction sector grew "in a couple in public works, private construction and oil companies."
In the area of \u200b\u200bprivate construction, operations director of developer TGLT, Alejandro Bel, said he is "optimistic" for 2011 in terms of market prices. "The residential market, where we focus, will continue its current course. I do not see a stalemate but neither a phenomenon of boom, "he added.
explained that "in areas where there is little demand, prices will remain reasonably stable, with some mild hikes. And the high-demand products or particular market niche, the cost of construction is transferred to the sales value, ie prices will rise depending on the increase in U.S. inflation. "


Source: Argentine Time.