Argentine Real Estate Market Booms: A Resurgence in Sales and Mortgages
Argentina’s real estate market is experiencing a notable upswing, marking a notable turnaround after years of stagnation. increased mortgage availability and a period of relative currency stability are key drivers behind this resurgence, according to recent reports. The province of Buenos Aires, in particular, is witnessing a surge in both sales and mortgage applications.
One of the most significant factors contributing to this positive trend is the significant increase in mortgage lending. The availability of mortgages has jumped by 230%, making homeownership more accessible to a wider range of Argentinians. Coupled with this, real estate prices in certain areas are presenting what some analysts are calling “real opportunities” for buyers.
Guillermo Longhi, president of the college of Notaries, offered a positive assessment of the situation. “The increase in sales and mortgages shows a positive trend,” he commented to Infobae. “It is essential that this dynamic can be sustained in the coming months.”
The data supports Longhi’s optimism. In 2024, the number of property deeds registered soared to 94,505, representing a 14.66% increase compared to the same period in 2023. This growth is further amplified by a year-over-year increase of 26.40% compared to 2023. November alone saw a remarkable 12,260 deeds registered, a significant jump from the 9,700 registered in November 2023. October’s figures also showed a positive trend, with 11,213 deeds registered, a 9.34% increase.
Affordable Areas in Greater Buenos Aires
The price per square meter in parts of Greater Buenos Aires (GBA) has become increasingly attractive to buyers. In November, the average price stood at US$1,593 per square meter, a significant drop from the historical peak of US$2,434. This makes areas like Lanús especially appealing. A brand-new two-bedroom apartment in Lanús can be found for around US$80,000, while a PH-style house might cost approximately US$90,000.Larger properties can exceed US$160,000 depending on location and features.
Buyers seeking more budget-friendly options can explore La Plata and its surrounding areas. Used two-bedroom apartments in this region are available in the US$30,000 to US$45,000 range, offering a more accessible entry point to the market.
While the current market conditions are encouraging, sustained growth will depend on several factors, including continued economic stability and the ongoing availability of mortgage financing. The long-term outlook remains positive, however, suggesting a promising future for Argentina’s real estate sector.
South American real Estate Market Booms Amidst Stable Dollar
The South American real estate market is experiencing a remarkable surge in activity, fueled by a relatively stable US dollar and a renewed sense of confidence among buyers. This upswing is particularly noticeable in certain areas, with properties in the $70,000 to $200,000 range seeing a significant increase in demand.
According to Leandro Gómez of Gómez Propiedades, “The return of credits and the tranquility offered by a dollar relatively stable generated more interest, especially in properties within the range of USD 70,000 to USD 200,000 between Lanús, Banfield and lomas de Zamora.”
This increased demand is not limited to a specific type of property. While the $70,000 to $200,000 price range is experiencing a particularly strong surge,the overall market is showing signs of robust growth. This is largely attributed to the improved economic climate and the availability of financing options, making homeownership more accessible to a wider range of buyers.
Though, Gómez cautions that this surge in sales could have a ripple effect. He notes that “as the sale of units increases, the values of the remaining stock may be affected by causing a marked decrease in supply.” This suggests that while the current market is booming, potential buyers should act quickly to secure their desired properties before prices potentially adjust due to reduced inventory.
The implications of this South American real estate boom extend beyond the region itself. For US investors, this presents a potential opportunity to explore international real estate markets with potentially high returns. Though,it’s crucial to conduct thorough due diligence and seek professional advice before making any investment decisions.
The increased activity in the South American real estate market underscores the interconnectedness of global economies and the impact of currency fluctuations on investment decisions. As the market continues to evolve, it will be interesting to observe how these trends unfold and what impact they have on both local and international investors.
Argentine Real Estate: A Buyer’s Market Emerges in Buenos Aires
Argentina’s real estate market is showing strong signs of recovery, fueled by increased mortgage availability and a more stable economic climate. This resurgence is particularly noticeable in Greater Buenos Aires (GBA), where property prices have become increasingly attractive to buyers, offering possibly lucrative opportunities.
weldon Smith, a real estate analyst specializing in the South American market, discusses the factors driving this boom and what it means for potential investors.
World-Today news Senior Editor: Weldon, thanks for joining us. we’ve been seeing some encouraging reports about Argentina’s real estate market.What’s driving this turnaround?
Weldon Smith: It’s a combination of factors.First, we’ve seen a important increase in mortgages lending—a whopping 230% jump, making homeownership more attainable for a broader segment of the population. plus, after years of economic uncertainty, there’s been a period of relative currency stability, which has instilled more confidence in the market.
World-Today News Senior Editor: Can you elaborate on the impact of these accessible mortgages?
Weldon Smith: Absolutely. Historically, high interest rates and limited loan availability made purchasing property arduous for many Argentinians. Now, with more favorable financing options, we’re seeing a surge in first-time homebuyers entering the market, which is contributing substantially to the increased sales numbers.
World-Today News Senior Editor: And where are you seeing the most activity?
Weldon Smith: The Greater Buenos Aires area is a hot spot right now. Places like Lanús and la Plata are particularly attractive due to thier more affordable prices. Buyers can find brand-new two-bedroom apartments in Lanús for around US$80,000,which is unbelievable value compared to just a few years ago.
World-Today News Senior Editor: These prices sound extremely appealing, especially for international buyers.
Weldon Smith: Your right. The current market conditions present a unique opportunity. We’re seeing growing interest from foreign investors looking to capitalize on these lower property values.
World-Today News Senior Editor: What’s your outlook for the Argentine real estate market in the coming months?
Weldon Smith: While the current momentum is undoubtedly positive, sustained growth will depend on several factors, including continued economic stability and responsible lending practices. but the outlook is encouraging.Argentina’s real estate market is showing resilience and has the potential for strong future growth.
