CABA writing volume surges, July is best month since 2018

2024-09-02 03:00:00

In the first half of this year, Steady increase in activity in Buenos Aires municipalitythe prospects for this semester are encouraging, when This is expected to be the best phase for the industry.

While uncertainty remains about the eventual rebound across the different sectors that make up economic activity, For months, expectations for the housing market seemed to vary.

According to the latest reports, Operation volume in July reached 4,946, the best result 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). he Annual real estate sales growth According to data from the CABA College of Notaries in July 2024, 47.3%,and The total transaction volume surged 450.4% to a value of P437.194 billion.

If we take into account the monthly data, there are also positive data That’s 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 How many contracts were formally signed with mortgages in July were 225, an increase of 41.5% Compared with the same period in 2023.

A total of approximately 25,000 sales and purchase deeds were issued in the first seven monthsDespite exceeding the positive figures, operating numbers at this time of year still lag behind those in 2018, with 36,000 aircraft in operation, 40,000 aircraft in 2007 and 42,000 aircraft in 1998.

anyway, The market begins to rebound Little by little, it seems to follow Give Back Mortgage Creditand at the same time due to the new money laundering.

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