This is reflected in the latest data from the College of Notaries of the City of Buenos Aires, which reported that in April, 4032 deeds were executed with an average value of US$ 144,535, growing 20.5% compared to the same month of 2016; So far this year 14,985 deeds were already signed, with an increase of 45.5% compared to 2016
According to the College of Notaries, there was also a strong rebound in mortgage lending operations. According to the entity’s report, 804 of the 4032 deeds were made through this modality, with a year-on-year increase of 120%. The total amount reached in these operations is US$ 2.11 billion, a figure that reflects a year-on-year growth of 135.1%. Money tax amnesty also had an impact.
In the province of Buenos Aires, April 2017 was also the best April since 2011. According to the College of Notaries of the province of Buenos Aires, 8,920 deeds were made in April, 5.9% more than the 8,420 operations carried out in April 2016. Considering the first 4 months of this year, 27,972 operations were carried out in the province of Buenos Aires, 16.7% more than the 23,965 deeds signed in the first 4 months of 2016.
In the province of Buenos Aires, however, each deed average, equivalent to a three-rooms in good condition and well located, was made for about US$ 59,428. In fact, just for having comparable values, the average deed of April Capital was for US$ 141,674, 130% higher than in the Province of Buenos Aires. Among the Argentine cities, considering the price of the square meter, Buenos Aires is the most expensive with US$ 2,659 dollars followed by Rosario US$ 1,612 and Córdoba US$ 1,542.