Statistics and markets

Growth in private investments in Argentina’s housing market

13/04/2018

Argentina’s construction industry looks set to continue its upward trend in 2018 following the growth achieved in 2017 (9.8% and 12.8% year-on-year in the second and third quarters), driven mainly by private investments in the residential segment (up 4.8% in the third quarter of 2017).

In November 2017 state officials announced plans to put $5.2 billion of infrastructure projects out to tender in 2018, raising overall infrastructure spending to 3.5% of GDP in 2018. Officials hope to approve a total of $26.5 billion of public-private partnerships (PPPs) by 2022.

The country’s overall economic growth in the third quarter reached 4.2% year-on-year.

tags