Chile boosts housing further
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Chile has elected a new conservative president, Sebastian Piñera, of the centre-right coalition. In March 2010 he will replace the highly popular Michelle Bachelet, of the left-leaning Christian Democratic Party (PDC), Chile’s first woman president. No sharp policy changes are expected under Piñera, as he has promised to continue the government’s social programs.
Property prices have remained relatively stable during the recent global crisis – and rose, agents say, during the last quarter of 2009. This is difficult to verify, however, due to the lack of official or unofficial house price data.
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