The housing market pesificación joined the increasingly long official announcements which never materialize list. According to a study Zonaprop.com specialized portal, currently only 9% of the properties offered for sale in the city of Buenos Aires are published prices in pesos.
Within that 9% also brand new properties represent the majority, and if taken only notices homes used, publications weights represent less than 3% of the total.
Pesificar the property values was one of the goals he had set the then Central Bank President Mercedes Marco del Pont when he had to publicly explain the reasons which led it to impose the stocks to buy dollars, a few days president Cristina Kirchner got his reelection.
Clearly, the official explanations seemed mostly an excuse for the real purpose of that measure, which was simply to reduce the demand for dollars in a time when the central bank reserves began to decline sharply. However, Marco del Pont itself did not hesitate to present at the time the ban on buying dollars as "a step in the de-dollarization of the housing market."
With the results in view, much of the ground they had gained on dollarization in the last two and half years and was lost.
According to the survey Zonaprop.com before the trap was implemented in pesos offers represented only 1% of the notices of sale were published in Buenos Aires. With the lack of access to dollars, the number of transactions fell, but there was also a proliferation of publications in pesos, as expected by the government.
In December 2012, a record was set, with one in five properties for sale in local currency. However, the spring pesificadora not last long and thereafter a steady decline that seems to have found his apartment began.
"One of the factors that ended up slowing the dollarization of the housing market were Cedines, as when he announced the possibility of having a tool for the seller to be made with dollars many decided to leave out the deals in pesos," Mariano said Nejamkis CEO Zonaprop.com.
The portal, which leads the supply of properties on sale, with over 250,000 assets- notices, expected in the coming months will continue to fall in pesos publications, but never again having 1% stake before the stocks through the decision of the real estate developers and builders of "de-dollarization" projects of new units.
"If there is something positive that had the trap was at least achieved a dollarization of notices of sale of new properties, which has a certain logic if you take into account that most of the inputs is a real estate developer are pesos, "said Nejamkis.
With percentages not so marked, the process in the Federal Capital is similar to that experienced in the Gran Buenos Aires. In late 2011, only 1% of the houses and apartments for sale in the suburbs offered in pesos. A year later, the percentage jumped to 24%, and from that time he began to fall, although a trend towards less pronounced. In fact, currently offers pesos properties remain a respectable 19 percent.
Another market is pesificado rents, although in this case it is not a consequence of stocks created in 2011, and in this business that historically the percentage of dollar deals never exceeded 5 percent.
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