The prices of the properties used are upwards, partly driven by the mortgage loan boom
Mortgage credits reconfigured the real estate market. Scripture numbers show that they are promoting the sale of estate and it is projected that this will continue in 2025. December was a record since 2018 with 7667 writings in the city of Buenos Aires. Of this total, 14% was made with Mortgage credit.
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According to data from the Central Bank of the Argentine Republic (BCRA), in December US $ 240 million was awarded in Mortgage credit GRAPE. Obviously, this boom brings some thrust in the price of properties used. It is estimated that this year the increase in estate will be between 8% and 10%.


Banks with the lowest rates
Of the 23 banks that joined the Mortgage creditsthere are 12 that began to climb the rates. Currently, they are on average at 7.4%, while until recently that figure was 5.5%.
The lowest market is the Municipal Bank of Rosario since it is 3% for its clients with a salary account and 4.2% for those who do not charge their salary in the entity. Second, the City Bank offers a 3.5% rate to buy in the Buenos Aires microcenter and in the south of the city, while to acquire a property In other neighborhoods a 5.5%rate is offered. This bank was also a pioneer in launching loans for wells in Pozo. In third place, the Neuquén Bank is positioned that offers different loans whose rates range between 3.5% and 9.5%.
It is important to analyze each proposal and each bank since they offer different types of loans, rates and even some allow you to add assets to get credit.
“Although the historical record was 63,382 credits in 2017 during Mauricio Macri’s management, current conditions could facilitate a new era of growth if interest rates decrease and the national and international economy stabilizes,” said Alan Daitch, CEO of Tasatasa.com specialized platform in the supply and demand for Mortgage credits.
How is the process to obtain a mortgage loan
“The credits are impacting very well. Are different from Mortgage credits of the era of Macri. These credits in most banks are loaded virtually. You don’t have to take all the documentation to the bank. A week or 10 days a appraiser is quickly contacted. Between 30 and 45 days, maximum, you have already designated a scribe. This did not happen before, ”explained Miguel Di Maggio, director of the Department Department.
“Banks have expanded their list of notaries and appraisers, and hopefully they continue with this dynamic and this speed. Having in 45 days a designated scribe and between 20 and 30 days writing is really very agile. And that is not today an obstacle to negotiating with an owner. The owner usually access for sale with a Mortgage credit Because it’s fast. Before it took 3 to 4 months, ”he added. It is evident that times accelerated, which simplifies the purchase.
Another point that the specialist highlighted is that although the credits are in pesos, when specifying the operation people buy dollar MEP and has no parking. “This allows the buyer to deliver the dollars above the table or by transfer. And it is in the spot since there is no delay, there is no parking for the buyer with Mortgage Crediteither. But usually delay 24 hours to have the money on the account, ”said Di Maggio.
Source: Ambito

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