Welcome Avatar! Time for our monthly check-in on the real estate market in Buenos Aires, and the overall sentiment is: stagnation. Prices have not really moved in months, mortgages are down by about a third YoY and deed volume is down. That did not go unnoticed at the Ministry of Economy.
At the end of August, Caputo announced that the State pension fund will begin lending pesos long-term to banks so they can lend pesos to first-time home buyers. Yes, a libertarian government fixing the mortgage market with ANSES funds.
Below we’ll analyze what this means, and why the timing for this plan might turn out to be optimal. We’re also running some construction numbers for 2026 compared to last year, and see what the impact of dollar-denominated company loans could mean for the construction sector.