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Argentina's zombie mortgage market is coming back to life

Reuters
Summary
Nutrition label

77% Informative

Monthly new mortgages in Buenos Aires province hit the highest level since 2018 at the start of the year .

Numbers were up nearly 500% in February year -on-year.

Overall mortgage loan market has tripled in size to the equivalent of around $2.3 billion .

President Javier Milei has shaken up the country with tough austerity and cost-cutting.

VR Score

88

Informative language

98

Neutral language

6

Article tone

formal

Language

English

Language complexity

65

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links