May 7, 2011 Housing prices soaring for diminishing stocks, and higher labor costs
Rises averaging 5% have experimented on the housing prices in the last six months in Santiago. A diminishing stock (remember that this sector was stalled when the crisis unfolded back in 2008), and the higher costs faced by the construction companies due to the cost of the land, and labor.
This is an excellent news for the construction company SOCOVESA that closed at CLP 325 on Friday’s trading session at the Stock Exchange. These numbers may push the stock’s price up on Monday’s aperture, but you must be careful with the global landscape, because it has shown to be more relevant when it comes to market prices. It must, also, be taken into account the dividend payment period, which is growing nearer, and that has a limit day of buying of 12.05.2011 and it will be paid on 18.05.2011.
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