The sale of real estate fell 12.2% …


The effects of the crisis were also felt in the real estate market, which suffered a drop in sales of 12.2% in 2018 compared to the previous year, according to informed today the College of Notaries of the City of Buenos Aires.

The entity said that last year were signed 55,892 acts, compared to 63,680 recorded in 2017. The highest peak of operations was recorded in the first quarter of 2018 with an increase of 37 percent, but from October began to collapse for sale. The number of deeds in December represented a year-on-year decline of 41.1%, slightly lower than in November, when a fall of 45.8% was achieved.

In December, the average value of tickets for sale was 4,015,255 million pesos ($ 103,352 according to the official average exchange rate): it grew 57.9% in one year in pesos, while in the US currency it decreased by 26, 7 percent. Of the total transactions completed in the last month of the year, 7.2% were formalized by means of a bank mortgage (273 cases), whereas a year ago they represented 32%.


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