With buyers wary, Argentina's zombie mortgage market has a long road to revival
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Argentina's mortgage market is tiny, less than 1% of the country's GDP. Buyers and real estate agents say that won't be easy to revive. Inflation and economic uncertainty make borrowers and lenders fear the risk of long-term credit. Limited access to credit has forced people to get creative. Argentina has registered nine sovereign debt defaults, the most recent in 2020. In May, only 141 houses were sold with mortgages in capital Buenos Aires. The return of mortgage products is seen as a signal of support for President Javier Milei's pro-market reforms.

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https://www.investing.com/news/economy-news/with-buyers-wary-argentinas-zombie-mortgage-market-has-a-long-road-to-revival-3520447