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4 clusters · 24 sources · 60 days · First seen · Last updated

Banco Ciudad housing and real estate initiatives

Overview

The Buenos Aires Legislature passed Law 1.779, which amends the Organic Charter of Banco Ciudad. The law mandates that at least 25% of the bank’s net profit remainders be allocated to mortgage loans, with remaining funds directed toward city-managed infrastructure projects. To support this reform, the bank relaunched mortgage products with terms extending up to 25 years, offering loans of up to 150 million pesos for first-time homebuyers and 200 million pesos for other residential properties. The bank also reported an 8% reduction in initial installments under these new conditions.

Following these legislative changes, Banco Ciudad has conducted several public real estate auctions featuring properties from vacant inheritances. These auctions, often held on behalf of the Procuración General de la Ciudad de Buenos Aires, include assets in neighborhoods such as Palermo, La Boca, Recoleta, Monte Castro, Retiro, Balvanera, Saavedra, and Villa Urquiza. Proceeds are designated for the Ciudad de Buenos Aires Permanent Educational Fund.

In October 2026, Banco Ciudad, in conjunction with the Agencia de Administración de Bienes del Estado (AABE), held auctions for properties in Buenos Aires and various Argentine provinces, with base prices ranging from US$14,000 to US$435,000. Upcoming November auctions include undivided interests in Saavedra and Villa Urquiza. Additionally, the bank will host auctions on behalf of the Agency of Collection and Customs Control (ARCA), featuring consumer goods such as wine and technology equipment.

Entities

Banco Ciudad · Buenos Aires · Procuración General de la Ciudad de Buenos Aires · Agencia de Administración de Bienes del Estado · Legislatura de la Ciudad de Buenos Aires

Timeline

  1. [BUSINESS] 2 sources
    Banco Ciudad announces online auctions for real estate and consumer goods

    Banco Ciudad is hosting online auctions in November, including real estate in Buenos Aires and various consumer goods like wine and audio equipment via ARCA.

  2. [BUSINESS] 4 sources
    Banco Ciudad and AABE to hold property auctions in October 2026

    Banco Ciudad and AABE will hold public property auctions in Buenos Aires and various provinces during October 2026, with base prices ranging from US$14,000 to US$435,000.

  3. [BUSINESS] 2 sources
    Banco Ciudad announces real estate auctions in Buenos Aires

    Banco Ciudad will hold online real estate auctions on September 18 for properties in Buenos Aires, with base prices ranging from US$32,160 to over US$383,000.

  4. [BUSINESS] 8 sources
    Banco Ciudad to allocate 25% of profits to mortgage loans

    The Buenos Aires Legislature approved a law requiring Banco Ciudad to allocate at least 25% of its profit remainders to mortgage loans, aiming to increase housing access for the middle class.

Sources

contactoradio.com · deia.eus · derf.com.ar · diariopampero.com · diariotextual.com · ellitoral.com.ar · elmonterizo.com · esnoticiatdf.com · estudiosmetropolitanos.com.ar · expresdiario.com.ar · galvezhoy.com.ar · lapostacapital.com.ar · miradorprovincial.com · nexodiario.com · nuevospapeles.com · parlamentario.com · planbnoticias.com.ar · puraciudad.com.ar · radiomhumahuaca.com.ar · saavedraonline.com.ar · santotomealdia.com.ar · sinmordaza.com · telecom.co.nz · zonanortehoy.com

This summary has been updated 3 times: see revision history