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The Buenos Aires real estate market had its best February in six years: which properties led sales? - Infobae
Source:
www.infobae.com
March 19, 2025
This was reported by the Buenos Aires Notary Association. The growth in mortgage lending is driving real estate transactions, but it's not the only reason. What other factors explain the upswing?
By Jose Luis Cieri
The sector's upswing continues into early 2025, with real estate transactions active in the province of Buenos Aires (Illustrative Image by Infobae)
The Buenos Aires province real estate market continues its growth trend. During February 2025, 7,952 sales were registered in the province of Buenos Aires, according to data from the District Notary Association. This figure represented a year-over-year increase of 73.13% compared to the 4,593 transactions completed in the same month last year.
Additionally, total transaction amounts increased 208%, while the average transaction value increased 78% year-over-year. It was the best February since 2019.
Compared to January 2025, sales increased 38.32% compared to the 5,749 recorded in that month. Transaction amounts also grew 39%, reinforcing the idea of greater dynamism in the sector.
The mortgage market also followed this trend. In February, 1,409 mortgages were registered, marking a 23% increase compared to January and a 480% year-over-year jump compared to the 243 mortgages signed in the same month last year. Loan amounts also reflected a 454% year-over-year increase.
Regarding access to credit, he highlighted its positive impact on activity: "The strong year-over-year increase in the number of mortgages is an encouraging sign. Greater availability of financing is key to strengthening access to housing, and this trend could consolidate in the coming months."
Source: College of Scribes of the Province of Buenos Aires
According to data from the Association of Notaries, the average purchase and sale value in the province was $71,000,000 (approximately USD 55,000), which represented a 78% increase compared to February 2024. This increase is due to the increased demand for properties driven by exchange rate stability and the expectation of a recovery in the sector.
Beyond larger cities like Mar del Plata, La Plata, Greater Buenos Aires, San Nicolás, and Pergamino, among others, prices drop significantly compared to CABA. A two-bedroom apartment that costs USD 100,000 in Buenos Aires can cost up to 35% less in several locations in the province.
As for current values, used properties can range from USD 35,000 to USD 60,000, depending on the location and condition of the unit. The most sought-after units are studios and one-bedroom apartments, both in the city center and on the outskirts of most cities.
Source: College of Scribes of the Province of Buenos Aires
Regarding the impact of mortgage loans, Líbera indicated that, although applications have increased, they have not yet had a significant impact on the closing of transactions. "Delays in loan approval, which can extend up to 90 days, mean that the effect is not yet fully reflected in the deeds. However, it is a key incentive for taking out reserves and could become more relevant as the granting times shorten," he explained.
"The financed transactions are the most requested, although not all are completed due to delays in bank processing. The greatest demand is for two- or three-bedroom family homes in areas such as City Bell, Villa Elisa, Gonnet, and the urban center of La Plata," he indicated.
According to Errico, there is also an interest in buying apartments for investment.
Two-bedroom apartments and houses are among the best-selling properties in the province (Illustrative Image: Infobae)
"Several buyers are looking for rental properties, taking advantage of the macroeconomic stability and the money laundering crisis. There's also a noticeable uptick in investment in under-construction units, which demonstrates greater confidence in the sector," he added.
“The difference in values between used and new properties won't last long. As the available stock is absorbed, prices could begin to rise and narrow the current gap. In this scenario, the current situation could represent an opportunity for those looking to acquire a property at a lower price before a possible price increase,” Líbera concluded.
www.buysellba.com
Source:
El mercado inmobiliario en Buenos Aires tuvo el mejor febrero en seis años: qué propiedades lideraron las ventas
Así lo informó el Colegio de Escribanos bonaerense. El crecimiento del crédito hipotecario impulsa las operaciones inmobiliarias, pero no es la única razón. Qué otros factores explican el repunte
www.infobae.com
March 19, 2025
This was reported by the Buenos Aires Notary Association. The growth in mortgage lending is driving real estate transactions, but it's not the only reason. What other factors explain the upswing?
By Jose Luis Cieri
The sector's upswing continues into early 2025, with real estate transactions active in the province of Buenos Aires (Illustrative Image by Infobae)
The Buenos Aires province real estate market continues its growth trend. During February 2025, 7,952 sales were registered in the province of Buenos Aires, according to data from the District Notary Association. This figure represented a year-over-year increase of 73.13% compared to the 4,593 transactions completed in the same month last year.
Additionally, total transaction amounts increased 208%, while the average transaction value increased 78% year-over-year. It was the best February since 2019.
Compared to January 2025, sales increased 38.32% compared to the 5,749 recorded in that month. Transaction amounts also grew 39%, reinforcing the idea of greater dynamism in the sector.
The mortgage market also followed this trend. In February, 1,409 mortgages were registered, marking a 23% increase compared to January and a 480% year-over-year jump compared to the 243 mortgages signed in the same month last year. Loan amounts also reflected a 454% year-over-year increase.
Factors driving the rebound
Guillermo Longhi , president of the Notaries Association of the Province of Buenos Aires, attributed this growth to two key factors: emerging economic stability and the return of mortgage lending . “The sustained growth in sales and mortgages reflects the dynamism seen in the market. The February numbers mark a substantial difference compared to last year and continue the recovery trend,” Longhi stated.Regarding access to credit, he highlighted its positive impact on activity: "The strong year-over-year increase in the number of mortgages is an encouraging sign. Greater availability of financing is key to strengthening access to housing, and this trend could consolidate in the coming months."
Source: College of Scribes of the Province of Buenos Aires
According to data from the Association of Notaries, the average purchase and sale value in the province was $71,000,000 (approximately USD 55,000), which represented a 78% increase compared to February 2024. This increase is due to the increased demand for properties driven by exchange rate stability and the expectation of a recovery in the sector.
Beyond larger cities like Mar del Plata, La Plata, Greater Buenos Aires, San Nicolás, and Pergamino, among others, prices drop significantly compared to CABA. A two-bedroom apartment that costs USD 100,000 in Buenos Aires can cost up to 35% less in several locations in the province.
Price difference between new and used
The president of the Real Estate Chamber of the Province of Buenos Aires (CIBA), Mirta Líbera , emphasized that the market is experiencing a period of opportunity. “There is a price gap between used and new units. While there is still a large inventory of used properties, new properties are selling for 30% or 40% more. This creates an attractive situation for those looking to take advantage of lower prices before a possible general increase,” she explained.As for current values, used properties can range from USD 35,000 to USD 60,000, depending on the location and condition of the unit. The most sought-after units are studios and one-bedroom apartments, both in the city center and on the outskirts of most cities.
Source: College of Scribes of the Province of Buenos Aires
Regarding the impact of mortgage loans, Líbera indicated that, although applications have increased, they have not yet had a significant impact on the closing of transactions. "Delays in loan approval, which can extend up to 90 days, mean that the effect is not yet fully reflected in the deeds. However, it is a key incentive for taking out reserves and could become more relevant as the granting times shorten," he explained.
Greater demand in La Plata and the northern corridor
Francisco Errico , of Remax Diagonal 2 City Bell, noted that the city of La Plata and the northern corridor are experiencing high demand from buyers with pre-approved loans."The financed transactions are the most requested, although not all are completed due to delays in bank processing. The greatest demand is for two- or three-bedroom family homes in areas such as City Bell, Villa Elisa, Gonnet, and the urban center of La Plata," he indicated.
According to Errico, there is also an interest in buying apartments for investment.
Two-bedroom apartments and houses are among the best-selling properties in the province (Illustrative Image: Infobae)
"Several buyers are looking for rental properties, taking advantage of the macroeconomic stability and the money laundering crisis. There's also a noticeable uptick in investment in under-construction units, which demonstrates greater confidence in the sector," he added.
Market Outlook
The Buenos Aires real estate market is undergoing a sustained recovery. The price gap between used and new units, coupled with the return of mortgage lending, creates opportunities for buyers and investors. The stabilization of the dollar and growing demand could consolidate this trend in the coming months.“The difference in values between used and new properties won't last long. As the available stock is absorbed, prices could begin to rise and narrow the current gap. In this scenario, the current situation could represent an opportunity for those looking to acquire a property at a lower price before a possible price increase,” Líbera concluded.
www.buysellba.com
