An apartment for sale in a recently completed building in the Almagro neighborhood of Buenos Aires.
Photographer: Anita Pouchard Serra/BloombergMortgages Triple as Milei Reignites a Snuffed-Out Housing Market
The Argentine president’s economic turnaround includes efforts to reawaken a lending industry that’s been dormant for years
Endless boom-and-bust cycles have shuttered Argentines’ access to mortgages for years. Now, home loans are coming back in a big way.
Banks are expected to issue some $3 billion of them in 2025, up about 260% from the year before, according to local consultancy Empiria. Real estate brokerage franchiser Re/Max Holdings Inc. sees demand for housing soaring on the back of the reintroduction of loans.