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New forms of credit are emerging that allow you to buy a new apartment in installments - La Nacion Propiedades
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Surgen nuevas formas de crédito que permiten comprar un departamento nuevo en cuotas
Los departamentos a estrenar quedan afuera de los créditos hipotecarios por no tener una escritura como garantía, pero distintos desarrolladores y fondos salen a ofrecer financiamiento propio
www.lanacion.com.ar
April 14, 2026
Newly built apartments are excluded from mortgage loans because they lack a deed as collateral, but various developers and funds are offering their own financing.
By Candela Contreras
Apartments under construction and new construction are excluded from bank mortgage loans. Shutterstock
In Argentina, obtaining a mortgage to buy a home remains , in many cases, an increasingly difficult situation. And when it comes to brand-new apartments or those under construction, the problem is even greater : the traditional financial system, based on UVA (Purchasing Power Unit) loans, excludes them.
The reason? Mortgage loans require a deed to establish the mortgage . Without this legal backing, the bank won't lend the money . Therefore, UVA-indexed loans end up being concentrated on used properties that already have deeds . In other words, off-plan and new construction properties are left out of the lending radar.
There is also a factor that makes a key difference between the two markets: the cost of construction continues to rise, but the prices of brand new units have not kept pace, so today there are concrete opportunities to buy below the replacement cost.
Furthermore, unlike off-plan developments, which involve at least a three-year wait, brand-new apartments have a key advantage: you can move in immediately. Many of these projects were also built between 2017 and 2018, at significantly lower costs than current prices.
Today, the price per square meter for off-plan properties can range from US$2,500 to US$3,000, and there are new units being sold for less . This market anomaly doesn't usually last long. Moreover, if we consider the average listed price, the difference between the two options is significant: US$2,934/m² for brand-new apartments and US$3,095/m² for off-plan properties , according to the latest Zonaprop survey.
The underlying issue is that mortgage lending in Argentina has yet to adapt to the "new" product. The consequence is a distortion: there is demand, there is supply, but the banking capacity is lacking .
Meanwhile, developers and financial companies are beginning to fill that space with their own schemes that are setting a trend.
How to buy a brand new apartment with financing
One of the companies that saw an opportunity in this context was Allaria, which, through its real estate division, designed its own financing scheme for brand new units .“It’s a solution to a problem that the market hasn’t solved yet,” summarizes Nacho Viñas, CEO of Allaria Real Estate.
The model combines mortgage logic with private flexibility in dollars and offers two schemes: financing of up to 60% for 12 years, with an annual rate of 9.75% or up to 40% for 8 years, with an annual rate of 8.5%.
Viñas explains that the installments are fixed in dollars for the entire term. Initially, more interest is paid than principal (French system); over time, this ratio reverses. And, a key point is that there are no prepayment penalties .
In Distrito Quartier Puerto Retiro, apartments can be purchased with financing over 12 years at a rate of 9.75% or over 8 years at a rate of 8.5%.Gentleness
A key fact is that if the buyer wants to prepay the loan, they can do so at no additional cost. Gentleness
The conditions for access are:
- Proof of income (last three payslips or invoices if you are a self-employed taxpayer)
- that the debt-to-income ratio be 40%
- the buyer chooses the unit
- Sign the ticket with financing
- start paying.
- Possession is immediate, even if the property is not yet deeded.
- The mortgage is established later on the deed when it is formalized.
- Quartier Puerto Retiro district, with 120 units available
- Prima Caballito, with 60 units, with values starting around US$2300/m² and averaging between US$2800/m² and US$3000/m²
Furthermore, according to Viñas, there is a macroeconomic factor that works in their favor: "Those who have dollarized income or dollar assets can accurately predict the flow of payments, something that does not happen with peso-denominated loans tied to inflation."
The values of the units to be financed start at US$2300/m². Gentleness
The mortgage is established later on the deed when it is formalized. Gentleness
Tailored financing
Another company moving in this direction is the construction company Criba, which has direct financing plans with a more flexible and segmented approach depending on the project .“We aim to ensure that each client finds a plan that suits their needs,” says Manuel Valdez, the firm’s commercial director.
Financing options range from 12 to 120 installments , with down payments of 30% to 40%. Financing is available for various developments:
- Up to 120 installments at Boreas Almagro and Vesta, a project located in Mendoza.
- Up to 60 installments at Boreas Boedo and Pasionaria San Isidro
- Special schemes in premium projects such as Quartier Lacroze and Ánima Domi
Financing options range from 12 to 120 installments. Gentleness
Final tickets start from US$92,000. Gentleness
Ticket prices are wide: they start from US$92,000 and can reach up to US$900,000 , depending on the development.
In some cases, it is even possible to proceed with the deed registration while the payment plan continues, a hybrid between private financing and traditional mortgage credit.
In projects like Huego 475 , which the construction company developed together with Consultatio, owned by Eduardo Costantini, there are agreements with banks that allow for maintaining conditions similar to mortgages until the time of the deed.
Eduardo Costantini's development includes agreements with banks that allow for conditions similar to mortgages. Gentleness
In pesos up to 30 years
Unlike previous schemes, the developer Spazios has a different logic: longer terms and financing in pesos or dollars, both for units under construction and for completed units.According to Juan Manuel Tapiola, CEO of the company, it offers financing of up to 360 installments (30 years) in pesos adjusted by the CAC index (which follows the evolution of the cost of construction) or plans in dollars of up to 72 installments (6 years).
In this case, the conditions for access are:
- pay a 30% advance (which would be around US$25,000)
- The balance is financed in installments, which may be smaller depending on the chosen plan, with those terms as the maximum.
The buyer can enter the property with the ticket upon paying the deposit. Gentleness
Regarding the requirements, the key point is proof of income : the monthly payment should not exceed the buyer's ability to pay. In addition, for completed units, there is an extra cost of approximately 2% related to the furniture and finishes included.
Today, there are move-in ready units in projects such as Mediterráneo, Garden, and Alpes, all three in Caseros; Eclipse and Palms (Santos Lugares); Jazz (Sáenz Peña); Royale (Martín Coronado); and Golf (Villa Raffo). Prices average around US$2,500/m² , ranging from US$2,200/m² (Jazz) to approximately US$2,700/m² (Palms).
Apartment prices are around US$2500 per m2. Gentleness
Similar to other developers' options, the buyer can take possession of the property with the purchase agreement upon paying the deposit . The deed is issued later (generally within about a year and a half), at which point the mortgage is established as collateral.
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