Property transactions in Buenos Aires maintained their upward trajectory in June, with notary offices recording 5,990 deeds, a figure that marks a year-on-year improvement despite a slowing pace compared to earlier months.
The data indicates that the local real estate market has managed to sustain activity levels through the first half of the year, even as the broader financial environment tightens.
Mortgage-backed purchases plummeted by nearly 40% in June, signaling a severe contraction in credit availability for homebuyers.
The resilience in transaction volumes masks a significant structural shift in how these deals are being financed.
Mortgage-backed purchases plummeted by nearly 40% in June, signaling a severe contraction in credit availability for homebuyers.
This divergence suggests that the current recovery is being driven almost entirely by cash buyers or those with alternative financing, rather than a broad-based resurgence in household leverage.
The credit squeeze in the Argentine property sector mirrors broader affordability pressures seen globally, where rising borrowing costs have dampened demand.