Compared to September 2021, acts fell 8.5% (September 2813 deeds). The average amount of the acts was $ 9,179,049 ($ 87,670 according to the average official exchange rate): it rose 5.4% in one year in pesos, while in US currency it fell 16.4%.
In October, There were 118 deeds formalized with a bank mortgage. So the growth in that sense is 29.7% compared to the same month last year. And the first 10 months accumulate a recovery of deeds with credit of 48%. At the same time, the College of Notaries says that “in the total acts, the 10 months have a drop of 71.4%”.
“Although all year-on-year measurements were up, in October we had a month-on-month decline compared to September. The comparison with 2020, although it is one of recovery, is already beginning to soften the curve. But in general, we do not fail to see that we are in a context where 2,500 monthly writings are not exceeded and that is an indicator that we have a long way to go ”, assured the President of the College of Notaries Jorge De Bártolo.
Market values
The values in dollars at which the offers for the sale of used apartments of two and three rooms are published showed a slight retraction of 0.6% during the last quarter, while the two previous quarters the quarterly average decrease had been 5, 2% and 4.1%.
In relation to last November, the average price per m2 decreased by 12.6% and accumulates a decrease of 30.5% in relation to November 2018 and of 32% with respect to the maximums registered at the beginning of 2019. The average square meter value of the one used for standard quality without amenities based on the survey that Real Estate Report carries out on a quarterly basis since 2005 was located in November of this year at 1,634 u $ S / m2.
“Even despite the drop in prices, the number of transactions continues at historically low levels. The data on values and quantities show a new equilibrium at a much lower point both in price and quantity,” they expressed in a Report report. Real estate.
Source From: Ambito
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