Argentina mortgage credit slump deepens as deeds fall 4.9% in August

In Buenos Aires (CABA), total property deeds fell 4.9% year-on-year in August, but bank-financed mortgage deeds dropped 20.8%, indicating a sharp contraction in mortgage credit availability. The divergence suggests credit constraints, not demand weakness, are the primary drag on the real estate market, with implications for construction activity and broader economic growth.