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Banco Ciudad housing and real estate initiatives

Updated 3 times since CLSTR started tracking revisions of this situation.

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2026-10-13 22:08 UTC → 2026-10-26 21:05 UTC · added removed

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 announced has conducted several public real estate auctions. These auctions feature featuring properties from vacant inheritances across various Buenos Aires neighborhoods, including Palermo, La Boca, and Recoleta. The assets range from apartments to urban land, with base prices spanning from US$32,160 to US$383,258. Conducted inheritances. These auctions, often held on behalf of the Procuración General de la Ciudad de Buenos Aires, the proceeds from these auctions 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), will conduct a series of public real estate auctions. These held auctions include for properties in various Buenos Aires neighborhoods and several various Argentine provinces, with base prices ranging from US$14,000 to US$435,000. Specific upcoming sales Upcoming November auctions include a two-room unit undivided interests in Caballito on October 9, Saavedra and a series of Villa Urquiza. Additionally, the bank will host auctions on October 30. The October 30 sales include a two-room apartment in Palermo (US$51,590), a three-room apartment in Recoleta (US$97,150), a 220-square-meter plot in Liniers (US$87,100), and a small unit in Monserrat (US$14,840.39). These assets are derived from vacant successions, and proceeds are allocated to behalf of the City Agency of Buenos Aires Permanent Educational Fund. Collection and Customs Control (ARCA), featuring consumer goods such as wine and technology equipment.

Versions

  1. 2026-10-26 21:05 UTC Banco Ciudad housing and real estate initiatives
  2. 2026-10-13 22:08 UTC Banco Ciudad housing and real estate initiatives
  3. 2026-10-08 05:05 UTC Banco Ciudad housing and real estate initiatives
  4. 2026-09-11 01:53 UTC Banco Ciudad housing and real estate initiatives

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