Argentina mortgage credit shows decline and high regional concentration

Mortgage credit in Argentina shows significant territorial concentration and a decline in volume despite government efforts to stimulate the market. According to data from the Fundación Tejido Urbano, 14,237 mortgage credits were granted between January and July 2026. This figure is substantially lower than the 44,612 credits recorded in 2025, though it remains slightly above the 11,775 recorded in 2024.

Geographically, the market is heavily centralized. The province of Buenos Aires and the Autonomous City of Buenos Aires (CABA) together account for approximately 64% of all credits. Santa Fe and Córdoba also hold significant shares, while provinces like La Pampa represent a minimal portion, accounting for only 0.4% of the national total.

Financial analysis indicates that while the number of operations has decreased, the average loan amount has risen by 23% year-on-year, reaching approximately USD 100,600. This suggests that credit has become more expensive and concentrated in higher-value purchases. Experts point to a structural “mismatch of terms” as a primary obstacle, noting that while 75% of bank deposits are held for less than 60 days, mortgages require 20 to 30 years. This imbalance persists despite the use of the ANSES Sustainability Guarantee Fund (FGS) to encourage lending.