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Properties: Real Estate Market data anticipates change of life - La Nación
Source:
www.lanacion.com.ar
August 28, 2023
The sustained growth of activity in residential units in the city is a clear indicator that interest in urban properties is on the rise.
In the city of Buenos Aires, deeds of sale registered an increase of 6.9% compared to 2022.
The total amount of transactions carried out in July was $78,008 million, which represents a growth of 39.3% year-on-year. This rise suggests that buyers are finding opportunities in the market more attractive , supporting the notion that prices may have bottomed out . Another interesting fact is that the average amount of transactions reached $23,237,639, 30.17% more than a year ago, additional testimony of the growing confidence in the stability of the sector.
Source:
Propiedades: el dato del mercado inmobiliario que anticipa un cambio inesperado en la forma de vida
Las operaciones concretadas en julio muestran una leve reactivación del mercado y evidencian la consolidación de una tendencia que crece: la vuelta a la Ciudad e detrimento de la vida suburbana
www.lanacion.com.ar
August 28, 2023
The operations completed in July show a slight reactivation of the market and show the consolidation of a growing trend: the return to the City and the detriment of suburban life
By: Candelaria Reinoso TacconeThe sustained growth of activity in residential units in the city is a clear indicator that interest in urban properties is on the rise.
In the month of July, the real estate market in the Province of Buenos Aires and the Autonomous City of Buenos Aires gave signs of being in a recovery process , evidencing a change of cycle in the dynamics of the sector. Despite the fact that different situations were experienced in both regions, the data points to a general trend of reactivation.
However, it is crucial to highlight that the current outlook contrasts with the encouraging data prior to the mid-term elections (PASO). The uncertainty of the last few weeks as a result of the meteoric rise of the blue dollar, which reached 21.5 % above the value registered on the last day before the primary elections, significantly affects a dollarized market such as property .
In the Province of Buenos Aires, the figures for real estate sales registered a decrease of 3.52% compared to the same period of the previous year, with a total of 8,117 operations , according to the data released monthly by the Buenos Aires Notaries Association. In addition, regarding mortgages, there was a downward trend of 42.4% compared to the previous month. Despite declines in real estate sales compared to the previous year, the fact that it has held a relatively stable level amid economic adversities and political uncertainties could indicate market resilience and a possible breaking point. inflection.
In the city of Buenos Aires, deeds of sale registered an increase of 6.9% compared to 2022.
