Market Beat

Argentina : Office Market Report - Q1 2014

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In January 2014, Argentina suffered the strongest depreciation of its currency in over a decade. This, combined with a reduction of real wages and pensions due to the acceleration of the inflationary process, left a budding deceleration of the domestic consumption, which had been, until now, the main support of the economic activity of the past few years.

As a result, there still is a lot of uncertainty about the future of economic direction of the country, especially because of the inflation rate and the foreign currency exchange rate.

Meanwhile, the government has increased the flexibility of the currency exchange mechanism, and even though this policy hasn’t had an impact on the real estate market, it still poses questions about new economic policies that might be implemented in the near future.

Meanwhile, the government has increased the flexibility of the currency exchange mechanism, and even though this policy hasn’t had an impact on the real estate market, it still poses questions about new economic policies that might be implemented in the near future.

Source : Cushman & Wakefield

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Mots-clés : Cushman & Wakefield

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