“The numbers for September and all the accumulated for the year reflect that compared to 2020, any indicator will be positive; but it is also clear that in any month of this year the band of three thousand deeds has not been practically exceeded, and in any year Normally, we had twice the number of operations, “said the new president of the College of Notaries, Jorge De Bártolo.
He added that “we are in a key sector for the economy and we need to coordinate among all the related sectors to revitalize it: housing is essential.”
In total acts, the first nine months of the year show a growth of 87.9% (20,032 deeds against 10,659 of 2020). In the comparison with August, there was a rise of 11.7% in the number of operations, compared to the 2,518 carried out in the previous period. ANDn September there were 156 deeds formalized with a bank mortgage, so the increase in this segment was 59.2% year-on-year, and in the first nine months it accumulated a growth of 50.3%.
Real estate prices
One of the topics that has been talked about the most in the real estate market in recent months is the drop in property prices in Capital Federal and GBA. Although everything seems to indicate that there has been a downward adjustment, we consulted important real estate brokers in the city to give us their vision on the subject.
Faced with this situation, the first question that is imposed is whether prices have already reached a floor or can continue to fall.
For Ariel Rodríguez, CEO of Value Bet Inmuebles “today Real Estate prices are clearly above their equilibrium level. While a percentage of them have had a correction or even a decline, they have not been attractive, massive or consistent enough to generate genuine demand. It is not possible to determine whether they will continue to decline or remain.
Along the same lines, Eduardo Stulich, Residential Market Director of Soldati, believes that it is “difficult to know if prices will continue to fall but, with the strong imbalance between the number of properties for sale, increased in part by owners who decided to put up for sale units that were rented and the instability of the dollar, we could still see declines in final negotiated prices, with owners who prefer to sell due to the scant expectation of a market recovery ”.
For Guillermo Parera, general manager of the real estate developer Branson “of course it will depend a lot on the areas to which we refer. Premiums such as Belgrano, Cañitas or Palermo did not have noticeable losses during the pandemic and they are already beginning to trade at values very close to what we had before. In my opinion, in these areas the values will not only not go down but will tend to rise. “
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
