The national government has initiated a new process public land auction Affiliation with the former housing program Witnessesas part of the final closure of the trust that managed it.
The measure was made official by resolutions 498/2025, 499/2025 and 500/2025, published in the Official Journal this Friday and is part of the Completion of the Housing Access Program created in 2012.
The auctions represent the final step in a series of decisions the government will make throughout 2025 Liquidate program propertiesthe dismantling of which was announced in November 2024.
In Junethe Ministry of Economic Affairs pushed forward the formal dissolution of the trust fund Witnesses and defined the scheme for managing current loans and remaining assets.
Later, in AugustThe government deepened this direction with the cancellation of several housing and habitat programs, such as: “Argentina Construye”, “Casa Propia – Construir Futuro” and the “National Urban Land Plan”among other things.
In this context, the new auctions are Land previously earmarked for the construction of Procrear homes They are carried out electronically via the official COMPR.AR portal.
In this first phase, real estate in the City of Buenos Aires, Santa Fe And Paranaas part of the process of reorganizing the state’s real estate assets.
End of Procreate: Which properties will be auctioned and how does the process work?
The official resolutions approved the public auction of three properties that was for Procrear housing developments and stuff You are not affected by current employment contracts.
The base value of each property was determined by the National Appraisals Court, the body responsible for setting reference prices for government assets.
The following properties are included in this first phase:
- Buenos Aires Station (CABA)located on Avenida Suárez and Luna, with an area of 2,903.77 m² and a base price of $2,977,941.
- Federal Park (capital of Santa Fe)at Avenida Belgrano 5000, between Padilla and Agustín Delgado, with 6,418.47 m² and a base price of $3,649,310.34.
- Paraná Estate (Entre Ríos)located at Avenida Ejercito 2751, between Pablo H. Crausaz and General José María Sarobe, with an area of 49,990.56 m² and a base price of $966,187.72.
Who can take part in the former Procrear auctions?
The auctions are public and open characterallowing both natural and legal persons to participate without imposing sectoral restrictions on bidders.
To participate in the process, Interested parties must:
- register on the official COMPR.AR platform
- accept the basics and conditions of the process
- meet administrative and financial requirements which are set for each property
The regulations does not provide for social quotas or priorities associated with access to housing. The final destination of the property is subject to the city planning regulations applicable in the relevant jurisdiction.
Why the government ordered Procrear to close
In the recitals of the regulation, the government recognizes that there are structural difficulties in access to housing.
However, he is of the opinion that the Financing the construction of a house So it is an activity that is specific to the banking system Direct intervention by the nation state would not be justified in this area.
The decision was also supported by a report from the General Audit Office of the Nation, which revealed deficiencies in the program’s implementation, such as:
- delays in the delivery of houses and premises;
- cost overruns; claims for habitability problems;
- Deficiencies in control and management mechanisms.
The Procrear trust funds “registered a poor use of societal resources, lack of controls and results“, explained the government in an official statement.
What happens to current credits and other program assets?
According to the decision He Mortgage bank will continue to act as trustee of the individual loans already grantedwhich will continue to be managed until complete liquidation.
Likewise the properties that not be auctioned can be transferred to the Management of state assets transferred or returned in whole or in part to the provinces or municipalities that originally provided themwith prior intervention by the National Appraisals Court.
The government announced this in the coming weeks New decisions are published in the Official JournalI would like to continue with the auction of other properties of the former Procrear in various locations in the country.
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