Overview

• Buenos Aires City formalized 5,762 purchase-sale deeds in June, a 36.1% increase year-on-year and its busiest June in a decade.
• Buenos Aires Province logged 11,706 deeds in June, up 33% from a year earlier and down 0.7% from May, with mortgage-backed sales in the region surging 486% annually to 1,934 but slipping 2.9% month-to-month.
• Total deal value in the city jumped 128.6% year-on-year to ARS 827.7 billion in June, driving the average deed price up 67.9% in pesos and 32.3% in dollars to ARS 143.6 million (US$ 120,054).
• Mortgage-backed transactions in Buenos Aires City rose 957.4% year-on-year but fell to 1,216 in June from 1,300 in May, marking the first monthly decline in this credit category.
• After 41 consecutive months of annual sales growth, analysts warn that higher interest rates and banks’ funding costs may limit further expansion of mortgage lending.