Buenos Aires Real Estate sales fell 27.4% in December 2018
This post is also available in: Spanish
The real estate market echoed, in 2018, the impact of the economic crisis. Last December the deeds of sale in the province of Buenos Aires fell 27.44% over the same month of 2017 and completed a year with a negative balance. Last month 14,890 operations were completed, compared to 20,521 a year earlier.
The data arises from the monthly report prepared by the College of Notaries of the province of Buenos Aires. With the December data, 2018 concluded with a total of 119,633 writes, a 6.8% less than the 128,345 that had been signed in 2017.
The positive data was in the number of these transactions. The figures operated in all 2018 had an increase of 53.62%.
As for the number of mortgages, in December 2018 were registered 730, which represents an increase of 12.3% compared to last November, when they had made 650 new mortgages.
On the other hand, compared to the month of last December with the same period of the previous year, the decrease in the number of mortgages was of 85.3%, between the 730 of December of 2018 and the 4960 of the same month of 2017.
Source: La Nacion
Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors who want to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing specialized advice on property acquisition and investment tours.
The Gateway Team-When You are Serious About Property