Real Estate prices in Buenos Aires fall 8.8% year-on-year in February

Property prices of two and three rooms in the Autonomous City of Buenos Aires (CABA) showed an average retraction of 2.5% in the last quarter, and in February a decrease of 8.8% in comparison with the same month of 2019, according to a survey of Reporte Inmobiliario (Real Estate Report). In February 2020 the average price was $2,190 per square meter.

Buenos Aires real estate market suffers its worst year in history

The real estate market of the city of Buenos Aires fell 41.6% and that of the province 30% in 2019 compared to the previous year, due to a virtual disappearance of bank credit and macroeconomic instability, reported the Colegio de Escribanos (Notary Council). In the federal district 33,411 deeds were registered, the lowest figure in the historical record since 1998. In the province, there were 83,627, the lowest number in the last 14 years.