The average amount of the deeds was $106,870,398 (US$101,877, according to the average official exchange rate).
Real estate: property deeds in CABA grew 68% in one year to almost 7,700.
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The amount of deeds of sale of real estate in the City went up a 68.1% year-on-year to 7,667 records, reported the Buenos Aires Notary School. Furthermore, the transaction amounts rose a 250.8%, with $819,375 million.
The average amount of the acts was $106,870,398 (US$101,877according to the average official exchange rate). This implies a growth of 108% year-on-year in pesosand 38% in US currency.
“The December data confirmed that a month with so much activity had not been recorded for 7 years. What’s more, it was on the podium for the highest purchases and sales in a range of 17 years, with more than 7,600 operations,” he highlighted. Jorge de Bártolopresident of the Buenos Aires College of Notaries.
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“Behind us, there are years of exchange rate jumps, pandemic, restrictions, inflation, little stimulus. Since 2020 we have been climbing step by step and, finally, we managed to have more than 54,000 deeds in the year we closed,” added Bártolo.
In December, there was 1,130 writings formalized with a mortgage. This rise is 874.14% compared to the same month last year and 226% in the accumulated of the year (4,994 mortgage deeds in total).
From now on, the College of Notaries recognizes that there is another challenge: improving the levels of 2018. “Although it had two ‘faces’ with a first part of a lot of activity and then depressed, it experienced a first quarter with almost 8,000 mortgages,” he noted. Bártolo in reference to that moment.
“We must work to generate a dynamic credit culture that meets the needs of families and is supported by consumer rights: for the act of sale, the buyer can choose the notary, because in the mortgage he is appointed by the bank,” he concluded.
Source: Ambito
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