Argentina Mortgage Loans Fall on Dollar Restriction, Ambito Says

Argentina’s mortgage loans fell 60 percent from a year earlier as the government tightened restrictions to buy dollars, newspaper Ambito Financiero reported, without saying where it got the information.

The drop in mortgages follows a 70 percent decline in real estate transactions as most of them are conducted in dollars instead of pesos, the Buenos Aires-based newspaper said.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.