For their part, mortgages suffered a year-on-year drop of 56% in January compared to the same month last year.
The purchase and sale of real estate in the province of Buenos Aires reached in January 3,422 operations, according to the statistics compiled monthly by the Buenos Aires School of Notaries.
In this way, the operations marked a decrease of 11% compared to the 3,851 sales that had been registered in January 2023.
In comparison with the operations carried out in December the drop was 74%since they had been carried out 13,129 against 3,422 in January, although in this case the fall can be explained, at least in part, by the seasonality of the market.
Mortgages fell by more than half in the province of Buenos Aires
As for the mortgagesin January they registered 182which represents a 57% decrease compared to the previous month (426) and a year-on-year drop in 56% (413 in January 2023).
“Beyond the ups and downs that we have been observing, and after 2023 that remained at similar levels to those of the previous year, which “We hope in these first months of 2024 that better conditions may appear for the recovery of activity.”stated the president of the provincial College of Notaries, Diego Molina.
Finally, the notary entity insisted that “Mortgage credit will be key to being able to obtain“the recovery of activity.
Source: Ambito
