Real estate deeds in Buenos Aires fell 8.8% in November

In November 2025, real estate purchase deeds in Buenos Aires dropped 8.8% compared to the same month in 2024, with 5,250 operations signed. Despite the decline, the total transaction value rose 51.5% year-over-year to $885.985 million pesos. The sector is slowing down, affected by fewer mortgages, according to the College of Notaries.

The real estate market in Buenos Aires recorded an 8.8% drop in purchase deeds in November 2025, totaling 5,250 acts compared to 5,755 in November 2024, according to a report from the College of Notaries of Buenos Aires. The total value of these transactions reached $885.985 million pesos, a 51.5% year-over-year increase. Compared to October 2025, activity fell 25.2%, from 7,018 operations.

Over the first eleven months of 2025, deeds with mortgages hit 13,065, a 238% rise from the previous period, making it the best year since 2017. However, November saw only 737 mortgages formalized, down 22.4% annually. The average deed value was $168.759.187, equivalent to US$115.718 at the official exchange rate, with a 16.3% increase in dollars and 66.1% in pesos.

Magdalena Tato, president of the College, projected that the year will close near 70,000 operations, ranking among the top six best since 1998. "We are on track to close the year near 70,000 operations," she stated. She noted that the slowdown in mortgages, which halved from October, curbs the multiplier effect on other purchases. If nearly 14,000 mortgages are totaled, it would be the second-best year since 2009.

Tato stressed the need to stabilize economic variables and revive long-term credit to boost the sector: "The most relevant for the recovery of deeds will be stabilizing economic variables and recovering long-term credit. Until that happens, we will see an oscillating and expectant market."

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Realistic photo illustration of a currency exchange in Buenos Aires showing the blue dollar rate declining on November 17, with traders and financial displays.
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Blue dollar closes lower on November 17 in Argentina

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The blue dollar closed at $1,435 for selling and $1,415 for buying, down $5 from the previous day. The official dollar at Banco Nación stood at $1,415, while Central Bank reserves dropped 280 million dollars. These movements reflect increased supply from corporate debt issuances and reduced dollarization by savers.

Demand has driven a 20.5% rise in second-hand housing prices in 2025, the highest increase in two decades. Cities like León, Ciudad Real, and Guadalajara lead the surges, according to Fotocasa's report. The average price hit 2,879 euros per square meter in December.

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Argentina's domestic consumption ended 2025 with a slight 1.3% uptick during the Christmas holidays, according to Salvador Femenia, CAME's Press Secretary. Yet, formal employment has lost over 240,000 jobs since Milei's government began, with ongoing challenges in reserves and exchange stability. Experts like Roberto Rojas emphasize the need to accumulate dollars to meet 2026 debt maturities.

The Argentine government paid US$4200 million to bondholders, leaving just over US$100 million in its account, according to private surveys. In parallel, it conducted a debt auction that covered 98% of its maturities, though with interest rates reaching 49%. This operation marks the first local placement of the year.

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Argentina's Central Bank bought US$55 million on January 12, its sixth consecutive daily purchase since January 5 under the 2026 accumulation plan announced in December, bringing the total to US$273 million. Gross reserves climbed to a new Milei-era high of US$44.768 million amid stable exchange rates.

Argentina's central bank gross international reserves reached USD 43.610 million on Friday, the highest since President Javier Milei's term began, building on the 2026 accumulation plan announced earlier this month. Driven by gold revaluation and Treasury purchases, this strengthens the position ahead of a USD 4,200 million debt maturity on January 9.

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Argentina's country risk closed on Wednesday, January 7, 2026, at 575 basis points, up 13 units from the previous day. The confirmation of a US$3,000 million REPO loan sparked initial optimism, but global volatility and Wall Street declines reversed the trend. The indicator hit an intraday low of 548 points before rising.

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