the sale of real estate rose 57.5% during 2021 in the Province of Buenos Aires

the sale of real estate rose 57.5% during 2021 in the Province of Buenos Aires

However, the authorities of the College of Notaries clarified that the comparison must be taken “relatively and that the situation of the real estate market continues to be complex.”

“Although there was an increase in comparative terms, it cannot be overlooked that 2020 was a very particular year, with the closure of the activity as a preponderant factor that altered any analysis that we can carry out,” explained the president of the entity. Diego Molina.

Regarding the month-to-month comparison, the numbers for December were 47.35% higher than those for November, when 8,701 deeds had been registered.

The number of registered mortgages in December was 1,124; which represented a month-on-month increase of 18.07% (952 had been recorded in November) and a year-on-year growth of 238.55% (332 in December 2020). While in all of 2021, 5,871 mortgages were granted, 167% more than those registered in 2020 (2,200).

“Despite the fact that we are in an extremely complicated present, it is possible to glimpse the recovery of the activity and that is what we hope will happen. To do this, it is necessary for institutions, companies and the State to generate, together, measures that help reactivate the economy and promote citizens’ access to their homes, which is our primary objective,” Molina stressed.

Source: Ambito

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