The annual amount spent on rent in Argentina that could potentially be converted into residential leasing schemes is close to USD 50.7 billion. It is an enormous figure, and yet it is rarely considered part of the solution to the housing access problem. One fact that often goes unnoticed is that labor force participation is significantly higher among renters than among homeowners. We are not talking about people outside the productive system, but about people who work, genera

Housing has ceased to be a space of stability and has become the main source of economic uncertainty for millions of people. The need for housing is a basic human instinct dating back to prehistoric times, closely linked to safety and survival. Today, although this may seem obvious, millions of people live with chronic stress rooted in housing insecurity—not because they are homeless, but because they lack year-to-year certainty that they will be able to remain in the home wh

Mortgage lending is a comprehensive financial system. It only functions when long-term savings, stable bank deposits, institutional trust, and capital markets that promote the issuance of financial instruments to fund the sector are in place, supported by revolving liquidity. These conditions do not exist in Argentina. Argentine savers traditionally keep their savings “under the mattress.” However, unlike other potential investment alternatives, purchasing real estate is the

The Argentine Mortgage Bank was founded exactly 139 years ago (1886). Argentina’s economic development during the second half of the 19th century, characterized by the expansion of sectors such as transportation, construction, and industry, created the necessary conditions for the emergence of a dynamic real estate market. Massive immigration, political stability, and the growth of the working class drove housing demand. The expansion of the railway network and the urbanizati

Historical Context: Real Estate as Argentina’s Traditional Store of Value Real estate has historically functioned as Argentina’s primary hedge against inflation, remaining a fully dollarized market since the 1970s. Price Cycles by Administration 1976–1981 (Videla):  Property prices rise initially, then fall toward the end of the military dictatorship. 1983–1989 (Alfonsín):  Prices decline. 1989–1995 (Menem I):  Strong price growth. 1995–1999 (Menem II):  Prices stabilize. 199