Writings in CABA grew 130% in September

October 23, 2024 – 1:11 p.m.

13.7% of purchase and sale deeds were made with mortgage loans. Although there is still a lack of dynamism, it is encouraging data for the sector

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The total number of real estate purchase and sale deeds registered an increase of 30.4% in September compared to the level of a year before, by adding 5,157 recordsreported the College of Notaries of the City of Buenos Aires.

Meanwhile, the total amount of transactions carried out rose 232.7%, with $484,692 million.

Compared to August 2024, acts decreased by 2.7%, since 5,297 deeds were carried out that month. The average amount of the acts was $93,987,235 (US$94,278 according to the average official exchange rate): it grew 155.1% in one year in pesos, and in US currency it decreased 6.1%.

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Deeds with mortgage loans grow

In September there was 705 deeds formalized with mortgagewhich represents 13.7% of the total. The rise in that sense is 317.2% compared to the same month last year and 74.3% in the accumulated of the year. In 2024, 1,970 deeds with mortgages have already been completed.

“It is a month that reflects the year-on-year increase: 30% compared to September 2023 and 30% in the consolidated 9 months compared to last year. Despite a slight year-on-year decrease, we once again exceeded 5 thousand writings and we trust that the last quarter will add more activity due to bleach and a greater amount of mortgages“said Jorge De Bártolo, president of the Buenos Aires College of Notaries.

“Mortgage credit has been growing month by month and if we measure it compared to four months ago there is a jump of 500%. The encouraging fact is that they are 700 mortgages and we believe that this number has to rise considerably: that would chain new sales and purchases,” he concluded.

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