In the comparison of May against the previous month, the purchase and sale operations fell by 14.2%, according to the private study.
The average value of the transactions was $12,545,433 and increased by 52% year-on-year, while those made in dollars averaged US$101,962 according to the average official exchange rate, with a year-on-year increase of 23.5%.
In May, 99 mortgage deeds were formalized and it meant a decrease of 1% compared to the same month last year.
The President of the College of Notaries, Jorge De Bartolo explained that “May showed us an incipient increase in activity and if we take the same month of the last 3 years, it is a positive reading with some recovery.”
De Bártolo added that compared “with the last stage of mortgage loans, there were almost 6,000 operations, with which we should double that rate.”
“This makes it clear that when there are incentives, the capacity for movement and multiplication is remarkable,” added the director, commenting on the real estate market in the federal capital.
Source: Ambito
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