Property sales in Buenos Aires remained relatively stable in May, mirroring figures from the previous year, despite a significant decline in mortgage approvals. The drop in mortgage lending was the steepest year-over-year fall recorded since the return of the UVA (Unidad de Valor Ajustable), an inflation-linked currency unit used in some mortgage contracts. This indicates a weakening demand for financing despite consistent property transactions. While the number of properties changing hands has not decreased, fewer buyers are relying on mortgages to do so. Experts suggest this trend reflects broader economic uncertainties and a cautious approach from lenders. The data points to a potential shift in the real estate market, with more transactions likely being completed with cash or alternative financing methods. This situation raises questions about future market dynamics and accessibility for potential homebuyers.