In the second month of the year, 1,738 operations were registered. It is 5.9% less compared to last January, according to a report prepared by the College of Buenos Aires Notaries.
The sale of real estate In Buenos Aires city grew 11.5% in February compared to the month of 2022, although it fell 5.9% compared to last January, according to a report prepared by the College of Buenos Aires Notaries.
1,738 operations were registered, the highest data for a second month of the year since 2019, although in a scenario of a low number of deeds compared to the level of the last decade. For his part, he total amount of transactions carried out increased by 88.6% compared to a year ago and decreased 25.4% compared to January 2023, with $30,966 million.
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In turn, the average transaction value climbed 69% year-on-year to $17,817,284. In dollars, it fell 4.8% to an average of US$89,637.
For his part, mortgage deeds were barely 71 and represented 4% of the total. The drop, in this sense, is 42.7% compared to the same month last year.
“The bimester is giving us a rise of 21% compared to last year, but without failing to mark that it is a very low scenario for the number of writings. Although the first two months of the year are the ones with the least activity, February left a month-on-month drop compared to January. We insist once again with the dimension of the credit and in this month there were only 71 mortgages. That indicator clearly needs to be incentivized,” indicated president of the College of Buenos Aires Notaries, Jorge De Bártolo.
Source: Ambito
