The purchase and sale of real estate continues to rise. In the province of Buenos Aires, the latest numbers of deeds showed positive figures: August was the best month in 6 years. These data accompany the trend experienced in the City of Buenos Aires, where it was also a record August since 2018.
According to data from the College of Notaries of the province of Buenos Aires, in August 10,507 purchase and sale operations were carried out. Notarial acts reflected an increase of 11.2% compared to July and 10.7% compared to a year ago.
The purchase of real estate with mortgage credit grows
Although they are still cautious, the mortgage loans They have already begun their takeoff. In August, 747 mortgage transactions were carried out in the province of Buenos Aires, which represents a growth of 30.4% year-on-year.
This year’s statistics show that the number of mortgages has been increasing since banks announced their launch in April. At that time, only 299 transactions were made with mortgage credit. A month later, there were 349. In June, 330, in July 448 and in August the jump was made to 747.
It should be remembered that from the time the loan is requested from the bank until the deed of the property is formally executed, at least 90 days can pass.
In CABA, a similar situation occurred in terms of the increase in transactions with credit, since a 261% increase in property purchases made with credit was evident. mortgage between June and August, according to the latest data from the College of Notaries.
Real estate prices at their lowest
The price of properties is at minimum prices. Added to this, the flattened dollar drives the purchase and sale of real estate, which shows that it is a good time to acquire a property.
Now, to acquire a property of two rooms and 50m2 in Greater Buenos Aires west-south, you have to spend u$s80,405, while one with three rooms and 70 m2 costs an average of US$116,018, according to data from Zonaprop. Tristán Suárez, Don Bosco and Villa Udaondo are the three west-south GBA neighborhoods that register the most expensive offer for the acquisition.
In northern GBA, the average price of a two-room apartment remains stable and stands at US$2,220 per square meter. In the third quarter of the year it rose 0.4% and in 2024 it will accumulate an increase of 2.5%. A two-room, 502-bedroom apartment has an average value of US$110,804, while a three-bedroom, 70m2 apartment costs US$163,423.
La Lucila continues on the podium of the neighborhoods with the most expensive offer in the northern GBA, with an average price of US$3,260 m2. Vicente López (US$3,234 m2) and Olivos (US$2,956 m2) complete the ranking.
Source: Ambito
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