23/07/2026 09:41 - Economia
Sources indicate that the dream of homeownership is gaining momentum again in Argentina. For a foreigner looking to understand the local market, it is crucial to know that real estate transactions here are typically quoted in US Dollars (USD), while mortgages are paid in Argentine Pesos (ARS). After a challenging 2025, UVA mortgage loans show a steady recovery. According to data from the Central Bank (BCRA), in June 2026, USD 150 million were disbursed, equivalent to approximately 1,850 loans nationwide, marking the best figure since March.
To understand these loans, it is key to know that the UVA (Unidad de Valor Adquisitivo) is a measurement unit that updates according to inflation through the CER (Reference Stabilization Coefficient). This means the owed capital and monthly installments adjust monthly, a system that is now more predictable thanks to the recent deceleration of local inflation.
To understand how much you need to earn, we analyze a simulation from Banco Nacion for the purchase of a property valued at USD 100,000. At an official exchange rate of $1,505 ARS per dollar, the total property value is $150,500,000 ARS.
It is reported that the bank finances up to 75% of the value, meaning the maximum loan to request is USD 75,000 ($112,875,000 ARS). The remaining 25% ($37,625,000 ARS) must be covered by the buyer as a down payment.
Conditions are more favorable with a Nominal Annual Rate (TNA) of 6% and a Monthly Effective Rate (TEM) of 0.50%.
The TNA increases to 12% and the TEM to 1.00%, raising the requirements.
It has been reported that some institutions set minimum income floors to grant the loan, in addition to the 25% installment rule.
| Bank | Minimum Required Income (ARS) |
|---|---|
| Banco Credicoop | $3,500,000 |
| Banco Del Sol | $1,000,000 |
| ICBC | $1,400,000 |
| BBVA | $1,489,600 (4 minimum wages) |
| Santander | $2,240,000 |
| Supervielle | $5,000,000 |
Simulation over 20 years (unless otherwise indicated). Values are expressed in Argentine Pesos (ARS).
| Bank | Initial Monthly Installment | Nominal Annual Rate (TNA) |
|---|---|---|
| Banco Municipal de Rosario | Not detailed in simulation | 4.2% |
| ICBC | $828,676 | 6.9% |
| BBVA | $867,281 | 7.5% |
| Banco Ciudad | $867,281 | 7.5% |
| Banco Credicoop | $900,100 | 8% |
| Banco Macro | $933,498 | 8.5% |
| Banco Del Sol | $967,431 | 9% |
| Banco Galicia | $1,001,908 | 9.5% |
| Santander | $1,001,908 | 9.5% |
| Comafi | $1,011,260 | 9.5% |
| Banco Patagonia | $1,015,845 | 9.7% |
| Banco Hipotecario (15 years) | $1,072,392 | 10.5% |
| Brubank | $1,181,664 | 12% |
| Supervielle (15 years) | $1,411,157 | 15% |
The reappearance of credit is changing the real estate landscape. Many transactions that until a year ago could only be closed in cash are now being financed again. Although the requirements are strict, competition between entities could offer increasingly adjusted rates. With proper planning, formal income, and job stability, the dream of homeownership could be within reach for Argentine families once again.
Sources: Infobae, La Nacion, LM Neuquen, Anbariloche, Identidad Correntina.
Alfredo S. Quiroga
