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Latin American And Caribbeansee-moreReal Estate Newssee-moreArgentinasee-moreReal Estate Sales in Buenos Aires On the Increase

Real Estate Sales in Buenos Aires On the Increase

Argentina – Real Estate Sales in Buenos Aires on the increas

Real estate sales in Buenos Aires increased 27 percent last January breaking a 23- month trend of falling transactions in Buenos Aires province, reported the province’s notary association  yesterday.

This marks the first time that the Buenos Aires province real estate sector reports positive numbers in almost two years. However, this does not mean this sector can breathe a sigh of relief.

The statistics from last month show 3,918 sales and purchases for a total of 1.3 billion pesos, which signifies a 27-percent increase in sales from January 2013 and a 59 percent increase in the value of sales.

“After 23 months of falling real estate activity, we had to mark a change in tendency in the corresponding statistics of the month of January, 2014,” said notary association president Jorge A. Mateo.

[Source: Buenos Aires Herald - Read the full article ]

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