The real estate market in Buenos Aires experienced a sharp decline in property deeds in January 2026, marking a stark reversal from the previous year when there seemed to be a resurgence in home ownership aspirations. According to the latest report from the College of Notaries of CABA, only 3,423 purchase deeds were recorded in January, representing a 6.1% drop compared to January 2025, and a staggering 55.2% drop from December 2025. This decline signals a troubling trend for the housing market, particularly affecting mortgage borrowers as banks reduce their offerings.

The contraction in the number of deeds is further compounded by a seasonal slowdown typical for January, which usually sees fewer real estate transactions due to vacations and the holiday season. However, the overarching trend shows that not only are fewer transactions taking place, but a growing number of potential home buyers are being priced out of the market. This situation has arisen largely due to the retreat of private banks from offering mortgage services at a time when many Argentineans are facing real wage declines, further straining household budgets and the overall housing demand.

As the economic situation evolves, the implications for the housing market could be significant. The concentration of operations under a single bank raises concerns about competition and affordability for home buyers. With the current trajectory, the challenges posed by rising costs and diminished purchasing power may continue to hinder recovery in the housing sector, leading more individuals and families to abandon their aspirations for home ownership, thereby impacting the broader economic landscape in the coming months.