Buenos Aires Property Sales Hold Steady Despite Mortgage Lending Slump

Buenos Aires' real estate market is experiencing a curious paradox: property sales are holding steady, even as mortgage lending has abruptly weakened. This contrasts sharply with the situation a year ago when strong loan availability fueled the market.

In April, 5,472 property sales were recorded, virtually unchanged from the 5,471 transactions in the same month of 2025. The total value of these deals reached $861.11 billion pesos, an 18.4% increase year-on-year. While the average transaction value in pesos rose by the same percentage, it saw a 2.5% drop when measured in U.S. dollars, settling at approximately $111,857.

"In terms of overall sales, it's clearly a tie compared to the same month in 2025. But in mortgages, there were half the operations compared to 12 months ago: this explains that the market continues to generate movement beyond the slowdown in loans," explained Magdalena Tato, president of the College of Notaries of the City of Buenos Aires.

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In terms of overall sales, it's clearly a tie compared to the same month in 2025. But in mortgages, there were half the operations compared to 12 months ago: this explains that the market continues to generate movement beyond the slowdown in loans.

The boom in mortgage lending that supported the market's recovery for much of 2025 lost momentum due to rising interest rates and stricter lending conditions from the second half of that year. Although conditions have begun to improve recently, a full mortgage recovery is still distant. "The CABA real estate market is in transition: the initial mortgage boom has lost steam and is now very selective and less expansive. While credit remains relevant, it has entered a plateau phase. Activity still has volume but with fewer financed operations and higher average tickets," analyzed Juan Manuel Vázquez Blanco, economist and general director of Fabián Achával Propiedades.

Industry insiders interpret this trend clearly: the market has managed to sustain itself because a buyer with liquidity has reappeared, driving sales through cash transactions rather than relying on bank financing.

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The CABA real estate market is in transition: the initial mortgage boom has lost steam and is now very selective and less expansive. While credit remains relevant, it has entered a plateau phase. Activity still has volume but with fewer financed operations and higher average tickets.