Spot on analysis. The numbers don't lie. Actually there are far more transactions than this. As you correctly mentioned, boletos aren't included in these property closings and many, many did boletos (down payments) toward property purchases.
When real estate prices go down for years and years it's difficult to call a bottom. But we did last year when we gave the buy signal to buy. Real estate prices have much further to go up in Buenos Aires. Once you see the mortgage market moving again at higher % and also these tens of billions of dollars finding it's way into the real estate market you will see more sales volume and higher prices.
Spot on analysis. The numbers don't lie. Actually there are far more transactions than this. As you correctly mentioned, boletos aren't included in these property closings and many, many did boletos (down payments) toward property purchases.
When real estate prices go down for years and years it's difficult to call a bottom. But we did last year when we gave the buy signal to buy. Real estate prices have much further to go up in Buenos Aires. Once you see the mortgage market moving again at higher % and also these tens of billions of dollars finding it's way into the real estate market you will see more sales volume and higher prices.
Cha Ching.
Yes all those boletos are nuts, there are not even new developments atm to meet demand
Great article. Do you ever do this type of analysis for other cities like Mar del Plata?
Thanks! I have a few: https://www.bowtiedmara.io/p/mar-del-plata-barrios-property
And https://www.bowtiedmara.io/p/beachfront-property-in-argentina
This section on my blog has all the real estate (includes some other cities as well) https://www.bowtiedmara.io/t/real-estate
Thank you!