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In the first half of this year, Activity in the Autonomous City of Buenos Aires steadily increasesThe outlook for this semester is encouraging. This is expected to be the best phase for the industry.
While uncertainty remains about the eventual rebound in the different sectors that make up economic activity, For a few months, expectations for the housing market seemed different.
According to the latest reports, July operations reached 4,946, the best performance in six years (If we look back 74 months, to May 2018, the number of deeds was 5,944, when demand for mortgages was high). Year-on-year growth in real estate sales According to data from the CABA Notary Academy in July 2024, 47.3%,and The total transaction value surged 450.4% to P437.194 billion.
If we take into account the monthly data, there is also positive data This is an increase of 16.9% since June when 4,232 deeds were completed.
in turn, The average transaction amount is 88,393,521 pesosmark a The annual growth rate reached 280.4%.
For those who want to know The number of contracts signed in July that were formally mortgaged was 225, an increase of 41.5%. Compared with the same period in 2023.
The total number of sales deeds in the first seven months was about 25,000Despite the positive numbers, operations at this time of year still lag behind 2018, when 36,000 were in operation, 2007, when 40,000 were in operation, and 1998, when 42,000 were in operation.
anyway, Markets begin to rebound Little by little, it seems to follow Return of mortgage creditand due to the new Money laundering.
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