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3h ago

Buenos Aires Property Sales Log Third-Strongest July on Record as Mortgage Use Jumps

Mortgage credit drove the gains, with banks and fresh data signaling tougher access in the second half.

ingresos y consumo cada vez es mas dificil ser propietario de una vivienda hacen falta 69 sueldos para comprar un dos ambientes ECONOMIA Nota sobre ventas de departamentos Foto Guillermo Rodriguez Adami buenos aires informe sobre cuantos sueldos se necesitan para comprar una vivienda casa vez es mas dificil ser propietario de una casa cartel carteles de venta de departamentos inmuebles
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La cantidad de escrituras de compraventa de inmuebles sigue en ascenso. 

Overview

  • CABA recorded 6,651 property deeds in July, up 33% year over year and 15% from June, according to the city notaries’ association.
  • Mortgage-backed deeds reached 1,393 in July, a 519% annual increase and roughly 20% of transactions, marking the strongest month for home loans in seven years.
  • In the Province of Buenos Aires, 13,334 sales closed in July, a 41% annual rise and 14% above June, with 2,169 mortgage deeds up 374% year over year.
  • A Tejido Urbano report shows new mortgage deliveries fell to 3,511 in June from 3,866 in May, the second monthly decline, and banks indicate they will tighten lending conditions in the coming months.
  • Analysts cite steadier exchange-rate policy and easier imports that tempered construction cost increases in June as supportive factors for pricing and project execution.