Argentina's Real Estate Sees Recovery Amid Exchange Rate Relaxation, Mortgage Demand Rises

Argentina's real estate sector is showing signs of recovery, driven by a relaxation of exchange rates and a more stable economy. This has led to a resurgence in mortgage lending, though interest rates could temper growth. Data from Buenos Aires indicates a 39.7% year-on-year increase in real estate sales in March. Compared to February, sales grew by 10.6%, with total transactions reaching ARS $618.541 million. Banco Nacion reports a steady demand for mortgage loans, particularly due to attractive rates and conditions. Private financial entities highlight that the new exchange scheme offers better predictability for property purchases, reducing instability and uncertainty.