The prices of the estate They showed an increase throughout 2024. Last year they increased 6.8% and currently, the price per square meter in CABA stands at US$325.
Used properties were boosted by mortgage loans and money laundering, which translated into an increase in prices. While those that are in construction suffered the impact of the increase in the cost of construction. The numbers show that the construction index increased by 69.7% during 2024, the materials index by 48.9% and labor by 141.4%, according to the Argentine Chamber of Construction (CAMARCO). .
Mortgage credit deeds grow
The total amount of the deeds of sale of estate registered an increase of 68.1% in December compared to the level of a year before, adding 7,667 registrations, as reported last week by the Buenos Aires College of Notaries.
In December, there were 1,130 deeds formalized with a mortgage, so the increase in that sense is 874.14% compared to the same month last year and 226% in the accumulated amount for the year (4,994 mortgage deeds in total). This shows that interest in searching for properties has grown significantly.
Everything indicates that in 2025, the mortgage loans will continue to boom and this will impact real estate prices, making used and under construction achieve closer values.
On the other hand, the implementation of divisible mortgages for projects under construction is awaited, which will further energize the sector.
The banks with the most affordable rates for mortgage loans
According to a report by TasaTasa.com, a platform specialized in the supply and demand of mortgage loansamong the banks that offer the best rates are Banco Municipal de Rosario at 3% for 20 years, Banco Ciudad at 3.5% for 20 years (exclusive for specific neighborhoods in CABA) and, at the national level, Banco Nation at 4.6% for 30 years. In addition, Banco Ciudad has been a pioneer in launching UVA mortgage loans for the purchase of well apartments, with more entities preparing to offer similar lines.
Likewise, the Central Bank of the Argentine Republic (BCRA) indicated a moderate flexibility in the guarantees and approval standards that banks require, a positive sign for those interested in accessing a mortgage loan. In addition, so far in 2025, the rate increase seems to have stopped, which could favor credit applicants.
The national government also announced a reduction in the crawling peg to 1% starting in February, in response to an inflation of 2.7% recorded in December. This measure could positively influence the market, providing a more stable environment for future debtors.
Source: Ambito
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