Real estate sales in CABA grew by almost 94% in January

In line with expectations regarding the expected growth in the purchase and sale of real estate, January closed with 3,645 transactions in the Autonomous City of Buenos Aires (CABA). This is 93.7% more than in the same month of 2024 , although 52.5% less than last December, when 7,667 transactions were completed.

This monthly decline is due to seasonal factors, as sales are usually lower in the summer. In any case, this was the best January since 2018.

Transactions were made for an average of $118,841,427 - around US$ 111,031 -, 202.9% more than in January 2024 in pesos and 22.4% in dollars.

Compared to December, the average transaction amount rose by around US$9,154, according to information from the College of Notaries of CABA. This is an increase of almost 9% monthly in dollars.

Regarding the first point, the proportion of transactions carried out through the use of mortgage credit increased . Of the total number of sales, 945 were carried out with credit, making up a consistent 25.9% , more than the average for 2024, in which mortgages represented 9.12% of sales.

“This month the incidence of mortgages was higher, one in four transactions was for a mortgage loan . It may decrease a little from March, when the total number of deeds increases,” explains Jorge de Bártolo, president of the College of Notaries of CABA.

Daniel Bryn, from Zipcode, explains: “The return of UVA mortgage loans is starting to generate more transactions in middle-class sectors. In some cases, the installment of a loan is comparable to a rent, which encourages certain buyers to take out financing instead of continuing to rent. This factor explains why the average ticket is rising, since the more affordable units are driving sales.”

Regarding the type of housing being marketed, Bryn adds that many people are currently looking for three- and four-room apartments , as opposed to the importance that studios and one-room apartments previously held, thanks to credit.

Properties are also being marketed with a smaller percentage difference between the published price and the offered price, which is around 5%.

On the other hand, the real estate market was already expecting an increase in sales values, both due to the growing demand for apartments and because the price of used properties had lagged behind .

The real estate market was part of the boost in durable goods consumption last month, according to the Consumption Indicator of the Argentine Chamber of Commerce and Services (CAC).

In line with the drop in the inflation rate in January, which stood at 2.2% monthly, consumption increased by 4.3% monthly seasonally adjusted (discounting the usual seasonal effects of consumption throughout the year) according to this indicator, and by 5.4% year-on-year.

The CAC report states that now "this dynamic represents a change in the structure of household consumption, oriented more towards durable goods facilitated by credit than towards everyday consumer goods."

“Prices are finding a point of equilibrium. We are not seeing a sharp rise , but rather a greater volume of transactions at prices more in line with current reality. This is positive for both buyers and sellers, as it allows the market to become more dynamic and reduce the uncertainty that has characterized recent years,” says Bryn.

2025 started with a comparative growth in real estate transactions, both in quantity and value, and the increased use of mortgage loans allows for a readjustment of sales prices.