According to Ámbito Financiero, Argentina's national government has launched the public auction of two unfinished housing developments in Junín and Mercedes, Buenos Aires province, covering 290 units at different stages of construction. The sale, run through the electronic COMPR.AR platform, carries a combined base price above 11,2 million dollars and forms part of the definitive wind-down of the Procrear housing program, while the Ministry of Economy works on new instruments to expand mortgage credit and reactivate construction.
The two plots total 39.061,87 square meters. The larger site, in Junín, spans 21.347,46 square meters across four blocks and 76 parcels, and was meant to hold 149 single-family and duplex homes with physical progress of around 70%, according to official documentation cited by the outlet. The National Appraisal Tribunal (Tribunal de Tasaciones de la Nación) set its value at 7.433.444,81 dollars, with the auction base fixed about 5% lower, at 7.061.772,57 dollars. The Mercedes site, next to the National Gendarmerie training institute, covers 17.714,41 square meters and holds 141 units at close to 50% progress, appraised at 4.458.528,43 dollars with a base price of 4.235.602,01 dollars. Bidders will acquire the land together with structures, partial installations and works already executed, and both plots have available water, electricity, sewage, street lighting and waste collection networks, which the source notes can reduce time and cost for whoever completes the projects. Bidding for Junín runs until August 21, and for Mercedes until August 24, with the tender documents open for consultation until August 14 and August 18 respectively.
The sale is part of the process opened after the dissolution of the Procrear Public Trust Fund (Fondo Fiduciario Público Procrear) at the end of 2024, after which the Ministry of Economy regulated the mechanism for selling state-administered properties and developments through public auctions. Ámbito Financiero reports that the decision reflects two axes of official policy: the liquidation of properties left under state control after the trust's dissolution, and an attempt to replace state-driven housing finance with a mortgage market led by public and private banks. The government maintains that housing finance should rest mainly on the financial system rather than on state construction programs.
No details of the new financial instruments had been disclosed at the time of publication, though sources in the real estate sector cited by Ámbito Financiero expect the measures to expand mortgage loans and credit lines for developers. The outlet frames this as one of two axes of current policy, alongside the auction process now under way in Junín and Mercedes.