While in the first nine months of 2022 there was a year-on-year increase of 15.6%, with 23,157 deeds.
The average amount of the acts was $12,059,446 (80,273 dollars according to the average official exchange rate), for which it grew 13.4% in one year in pesos, and in US currency it fell 21.7%according to the College of Notaries of the City of Buenos Aires.
The entity highlighted that in September, there were 118 deeds formalized with a mortgage. So the drop in that sense is 24.4% compared to the same month last year. Meanwhile, he stated that in the measurement of the accumulated nine months, the fall is 7.9% (1,032 mortgages).
“Looking on the positive side is to assess that for the fourth consecutive month the deeds of sale are exceeding 3 thousand per month and the accumulated figure for the year gives us an increase of 15%.although with lower mortgage credit indicators than last year”, said Jorge De Bartolopresident of the College of Notaries of the City of Buenos Aires.
And he concluded: “Although certain year-on-year comparisons soften a little more, 2022 gives seven positive months and two negative months compared to 2021. We all need variables that are ordered because housing is and will continue to be a safe and necessary investment”.
Although certain year-on-year comparisons soften a little more, 2022 gives seven positive months and two negative months compared to 2021. We all need variables that are ordered because housing is and will continue to be a safe and necessary investment, ”he added.
“With these last four months of better activity, we are confident that 2022 will close with pre-pandemic levels. Let’s think that 2020 had just 18 thousand operations and last year just over 28 thousand. With this trend, we hope to be around 35 thousand and that would place us a little better than in 2019, but they are still wishes for a good closing“De Bártolo told Ámbito.
And he concluded: “We still have a long way to go, because years like 2017 or 2018 -where there was a mortgage loan- closed with 63,000 and 55,000 deeds respectively. And going a little further, like 2007, we had 73,000 annual operations.”
Source: Ambito
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