Argentine real estate market reports sharp drop in mortgage credits

Argentina's real estate market holds steady in property deeds but faces a marked reduction in mortgage credit operations, according to specialists.

Alejandro Braña, a real estate developer, reported a 55% year-over-year drop in mortgage credit operations in both the city and province of Buenos Aires. He noted that nearly nine out of ten operations are handled through Banco Nación and that private banks offer no mortgage credits.

Valeria Goldman, a board member of the Colegio de Escribanos de la Ciudad de Buenos Aires, stated that around 5,400 deeds were recorded in the capital in May, a figure similar to the previous year. She highlighted a 37% reduction in mortgage credits compared to the same period.

Goldman added that properties appreciated between 10% and 15% between 2025 and 2026. More than 23,000 deeds were completed in the city during the first five months of the year. Both specialists agreed that current transactions rely mostly on buyers' own funds.

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News illustration of Argentina's country risk dropping below 500 points due to Fitch upgrade.
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Fitch upgrade pushes Argentina country risk below 500 points

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Argentina's credit rating rose to B- after Fitch Ratings' decision, driving the country risk down to 496 basis points on Monday, May 11. The indicator had not broken that level since late January.

Mario Andrés Ramírez, president of Fedelonjas, warned of a 6.5% drop in new housing sales in the first quarter of 2026 compared to 2025, due to high credit costs and fewer subsidies. In cities, nearly half the population lives in apartments, with rentals becoming the dominant form of occupancy. The federation calls for professional management of the rental market.

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Argentine assets came under pressure on Friday, May 15, as country risk rose 2.5 percent to 538 basis points. The S&P Merval fell 1.4 percent in pesos and most ADRs closed in the red.

Argentine stocks and bonds closed lower on Friday, June 5, ending an upward streak. Country risk rose to 494 basis points according to JPMorgan.

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Rental prices in Buenos Aires rose 9.6% in the first quarter of 2026, according to Zonaprop data. A studio apartment averages $704,704 monthly, with a 34.7% year-over-year increase. Puerto Madero remains the most expensive neighborhood.

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