Some 42,545 properties in Argentina and abroad were declared in the latest money laundering, promoted by the government of Javier Milei
He bleach of capital promoted the reactivation of the real estate market. Some 42,545 properties were declared in the latest laundering, as recently reported by the Customs Collection and Control Agency (ARCA).
95% of those estatethat is, 40,530, are properties located in Argentina, while the remaining 5%, 2,015 estateare located outside.
He bleach capital was positioned as a key driver of the market, reactivating investment in projects. This Law encouraged operations with average amounts close to US$140,000. Among the best-selling properties, studio apartments and 2-room apartments stood out. The neighborhoods with the highest demand were Palermo, Belgrano, Caballito and Barrio Norte.
The latest deed data show the reactivation of the purchases and sales of estate and in part, they attribute it to money laundering. The deeds of sale of estate They showed significant improvement throughout the year. The total number of purchase and sale deeds registered an increase of 41.5% in November compared to the level of a year before, adding 5,755 registrations, according to the Buenos Aires College of Notaries.
What will happen to property prices in 2025
Measures such as money laundering, the second stage of which is in effect until February 7, and mortgage loans undoubtedly energized the market. Meanwhile, the third stage of the laundering will begin on February 8. until May 7. This implies that money laundering and its impact still have room to grow. For properties exceeding US$100,000, the rate will be 10% in the second stage and 15% in the third on the surplus.
Now, specialists estimate that in terms of prices, the bleach contributed to an average increase of between 10% and 15% in the value of estate.
According to a survey carried out between Mercado Libre and the University of San Andrés (UDESA), the median sales price in dollars per m2 of apartments registered a variation of 7.1% in December compared to a year ago, with Devoto being the neighborhood of the City of Buenos Aires with the highest interannual variation in the sales price in dollars per m2 of apartments.
This year was characterized by the rise in market values, which is estimated to continue in 2025.
Source: Ambito
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