The month of April closed with a figure that surprised even the most optimistic in the real estate market, as 5,471 deeds of purchase and sale were completed in the City of Buenos Aires, according to data from the Colegio de Escribanos.
This represents a significant increase of 50.5% compared to the same month last year. The total volume of transactions exceeded $727,050 million, marking a year-on-year growth of 160.4%. Additionally, it records 35 months of continuous growth.
Compared to March, the increase was 15.2%, confirming the trend of sustained recovery in activity. The average value per deed was $132,891,748, which is equivalent to about 114,767 dollars based on the average official exchange rate. In year-on-year terms, this represents a 73% increase in pesos and 36.3% in dollars.
Récord de escrituras en CABA
One of the main drivers of this rebound was the return of mortgage credit, something that reflects the successful economic recovery achieved by the Government of Javier Milei. This phenomenon was also replicated in the province of Buenos Aires, which had the best April in the last 25 years.
In the Buenos Aires area, during April 1,192 deeds with a mortgage were signed, an unprecedented figure since banks began offering UVA loans again. This number represents a 1,012% increase compared to the previous year. So far this year, 4,094 mortgage transactions have already been recorded in the city.
The role of credit
Jorge De Bártolo, head of the Colegio de Escribanos of the City of Buenos Aires, highlighted the uniqueness of the month: "It's one of the best Aprils in the entire historical series. Only 2018 surpasses it, although with twice as many mortgages. In 28 measurements, this April ranks seventh."
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For De Bártolo, the return of credit was a key factor. "It motivated chain transactions. The seller also buys. A multiplier effect is caused: where there were no transactions before, now there are two or three."
The impact of credit goes beyond direct financing. It also influences the overall market confidence level. The potential buyer once again considers the possibility of accessing their own home, which reactivates the entire real estate sector.
Economic recovery
In addition to credit, the economic context also plays an important role. "The macroeconomic stability and a calm dollar have a significant impact. Argentines, when they can, choose to buy rather than rent. That decision responds to the desire to provide security for the family," said De Bártolo.
In this regard, the Colegio de Escribanos seeks to strengthen its role as a pillar of trust. "We support both the buyer and the seller. The moment of signing the deed is decisive: it's when one becomes the owner, with all the rights that entails."
