Real Estate Sales in Buenos Aires Argentina drops nearly fifty percent

Posted on November 5, 2012 • Filed under: Argentina, Business

The purchase and sale transactions in the City of Buenos Aires during September were down 47% compared to the same month last year, totaling 3247 writings. These data confirm the uncertainty in the sector due to the controls implemented by the national overplays market changes and marked “the lowest level of the series that began in 1998 for that month.” according to

According to the survey of the Association of Notaries porteños, the amount of operations decreased to $ 1,481.1 million, 43.6% lower than they were a year ago and was equivalent to U $ S317, 1 million at the exchange rate reported by the Central Bank. In that case represented a decline of 49.2% yoy. Read Article

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