deeds in CABA fell 5.9% monthly in October

deeds in CABA fell 5.9% monthly in October

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In the 10 months of 2022, an increase of 15.6% was registered with 26,131 deeds (if compared to the same period of 2021).

The average amount of the acts was $13,633.02 (85,693 dollars according to the average official exchange rate): it grew 48.5% in one year in pesos, and in US currency it fell 1.2%, detailed the College of Notaries of the City of Buenos Aires.

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Although the year-on-year comparison with the 10 accumulated months continues to show a positive 15%, in October we fell from the 3,000 operations that we had been registering in the last four-month period. The desire is that in the last two months there will be a greater movement, as usually happens every year, but we must be attentive to all the variables,” said the president of the College of Notaries of Buenos Aires, Jorge De Bartolo.

“So far we are at 26,000 operations, double the period of the 2020 pandemic, but half of the last period in which there was mortgage credit. That speaks for itself of the encouragement it represents for families, ”he concluded.

mortgages

In September there were 119 deeds formalized with a mortgage, according to the association, so the rise in this sense is 0.8% compared to the same month last year.

However, in the measurement of the 10 accumulated months, the fall is 7.1% (1151 mortgages).

Source: Ambito

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