he Real estate market Argentina is preparing for a year 2026 that could consolidate the growth process that began with the return of the economy UVA Mortgage Loans. After a year of real estate revitalization, View Loans mortgage before Banks It was temporarily suspended during the electoral process. but Now, expectations have returned to positivity thanks to expectations of greater economic stability.
After knowing the data for October Holy books In the province of Buenos Aires and in Capa, it was confirmed that mortgage loans in the country have already exceeded 35 thousand in 2025, a volume not seen for more than seven years.
The consensus among specialists indicated that the general trend was positive, albeit conditional on macroeconomic stability and the ability of the financial system to expand available financing. Current rates still look high by international standards, but they have been at more predictable levels (particularly for those collecting salaries at the banks that process them) and are beginning to show a gradual downward trajectory.
If confirmed, 2026 could mark a turning point an idea: The return of credit as a structural driver of the market, not just a passing phenomenon.
Germán Gomez Picasso, of Reporte Inmobiliario, weighs in on the market’s reaction to the recent changes. “rise Rates In recent months (some as high as 15%), they have been unable to reduce demand. The request for credits is still continuing, especially in official banks, which have maintained generally low rates.”
Real estate loans: the challenge of normalization
Federico Ackermann, director of Teres, analyzed that current mortgage rates showed a search for “normalization” that has not been seen for a long time. “They are not low compared to the world, but they are starting to fall in line with the country’s income and values square meters“.
The specialist stressed that in a sector where decisions are made over several years, the reality is that… Rates Cessation as a permanent risk factor was a relevant fact in itself.
However, Ackerman warned that the real challenge is deeper: “In Argentina, mortgage credit has never been a stable element of the market. The moments of expansion were very specific“.
From one of the most important Banks Operating in the country indicated that the mortgage market is moving again, although it remains cautious. They confirmed that they are receiving more inquiries, but explained that the number of operations has been maintained for two months.
Regarding interest rates, they expected a decline to be more likely Medium range This is in the short term, if the optimistic climate remains. Moreover, Scoring It has been a thermometer of resilience: Recently, some banks, such as Banco Nacion, notified their direct customers that their scores had dropped, meaning they were now eligible for a mortgage loan that was in process.
Economist Federico Gonzalez Roco stated that most banks raised interest rates due to problems Liquidity The need to make them compatible with the values paid in the indexed assets market.
“After the election, the interest rate pressure eased, the risks to the country came down and there started to be more certainty. Now the reaction to that has started as well. Interest rates have to come down. They have remained very high in the long term,” he said.
The major turning point was Banco Nación, which raised the interest rate from 4.5% to 6%.a sign of the product’s medium-term sustainability. González Roco explained that the 4.5% rate was very low, and similar to the rate in Chile, although the macroeconomic situation in Argentina is completely different.
According to Gonzalez Roco’s calculations, long-term interest rates in Argentina, at least for some time, were closer to 7% or 8% than 4%, but Much less than 12% or 15%. “In the medium term, what we will see is that interest rates should move towards those levels, as long as the current levels are consolidated in the financial context, with below that.” Country danger And stability. Until that is ensured, we will probably see interest rates activity as well, and not all fall at the same pace.”
From the sector, they argue that if conditions are right, rates should range between 7% and 8% at some point during the first four months of 2026, which would incentivize more people to invest. He buys His own house.
Investment trends
Juan Manuel Tapiola, CEO of Spazios, stressed that there is room for interest rates to continue to fall, but it depends on overall stability. At the same time, he expressed the fact that A Indexed unit (UVA) It already showed that it was far from the natural environment. He stressed that the goal is for financing to be a real and available alternative for a large percentage of the market.
He agreed that the medium-term trend would be downward, although he cautioned that there was still a long way to go. Tapiola estimated that with more liquidity in the market, prices would start to fall minimum It may converge with those in public banks.
High real estate prices and profitability
By 2026, Tapiola’s forecast was optimistic. “The overall outlook is good because of mortgage credit and because we expect prices to rise. There will be more profitability and more projects. Demand will increase because salaries will rise and this will allow more people to obtain housing.”
Gomez Picasso agreed. “The year ends with unique numbers. Demand has behaved very well throughout 2025, and the prospects for 2026 appear to be very good. All conditions are in place,” he estimated. He pointed out that the clear indicator is what he recorded Holy books In Buenos Aires province, October was the best month since 2005.
He concluded that lowering interest rates would be gradual, but would continue. The general consensus pointed to 2026, if the macroeconomy maintains a post-election stabilization path, Finance “It will cease to be a passing phenomenon and become the structural driving force that Argentina needs,” Gómez Picasso concluded.