Buenos Aires' real estate market showed a strong rebound in September, with nearly 7,000 deeds, one of the three best months in the last 10 years. Experts highlight the role of mortgage credits and the sector's stability amid economic uncertainty. Developers see opportunities in low prices and properties' dual function as investment and shelter.
In an interview with Canal E, Magdalena Tato, president of the Colegio de Escribanos de la Ciudad de Buenos Aires, analyzed the sustained growth of the real estate market. "September reflected an increase: we continue growing month by month in the number of deeds", with a total of 6,998 operations, nearly 7,000, calling it "one of the three best Septembers" in recent years. Though it does not reach 2017-2018 peaks, Tato noted that "today we are at nearly 20% of total deeds with mortgage credit", an encouraging figure.
The official explained that liquidity shortages have not yet affected deed operations, as "those credits have not yet been agreed upon". Public interest remains, but it is a financial issue, especially in electoral periods with buyer withdrawal. Tato was optimistic: "We believe they will continue to grow. This is the best September of the last 10 years". October is progressing favorably, and December promises high activity due to fiscal closures and trusts, where an initial sale generates "two or three more operations in the chain".
Meanwhile, Juan Manuel Tapiola, developer and founder of Espacios, emphasized real estate's stability. "Real Estate is the most stable and least volatile asset", he stated, highlighting that "today we are entering low prices for Argentina". Property inflation was 20%, versus 200% in supermarkets, and the square meter is bought at construction cost. This offers 10-20% annual returns between rent (5-7%) and price increases. Tapiola noted demand from Venezuelans and former cryptocurrency investors, with risks tied to elections: an opposition win would raise country risk and halt credits, while an official victory would boost them.
Both experts agree on the sector's potential as a tangible shelter in volatile contexts.