EXECUTIVESUMMARY
Property Indicators: Encouraging Macro Numbers
• GDP grew by an impressive 7.3% during the first quarter of 2010 due to the improvement in investments and government expenditures. Consequently, the government’s full-year GDP growth forecast was raised to 5% to 6% from the previous 2.6% to 3.6%..
• Implied land values remain broadly unchanged. Expectations point to slight upward adjustments over the second half of the year due to continuing demand for well located development properties.
• Tracking the decline in project launches last year, HLURB Licenses to Sell continue to underwhelm, with total number of issued licenses down by 35.4% during the first four months of this year.
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