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A report revealed how much rental prices in the northern zone rose in the year - La Nación Propiedades
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www.lanacion.com.ar
December 09, 2024
Prices rose again above inflation, but have accumulated an increase so far this year that is below
A report revealed how much rental prices in the northern zone rose in the year Ricardo Pristupluk
In a market that reactivated its offer after Javier Milei's DNU - in which the rental law was repealed - the increase in listing prices accompanies this growth. Thus, so far in 2024, the increase in rental values in the northern zone has accumulated a 75.6% increase.
This is an increase that is below the national inflation rate, which as of October was 192.99%. However, the increase in the last two months (4.2% in October and 3.3% in November) is above the last national monthly inflation figure recorded, which was 2.7% in October.
Rents in the northern area have risen by 75.6% so far this yearZonaprop
In concrete numbers, a one-bedroom apartment in the north zone is priced at $508,918, while a two-bedroom apartment has an average value of $713,202. When analyzing each neighborhood, Olivos was positioned in November as the area with the most expensive offer, with a price of $609,333. La Lucila and Nordelta follow in the ranking , with a value of $601,635 and $596,219, respectively. On the other hand, José León Suárez continues to be the neighborhood with the most affordable offer, with an average price of $377,841 per month, followed by San Andrés ($405,269 per month) and Villa Ballester ($427,877 per month).
Explaining the phenomenon of prices in the northern zone not growing as much as in CABA, which has registered a rise of 6.6% so far this year, Diego Cazes, general manager of LJ Ramos, points out that the Federal Capital is dragging very low values that never settled after the pandemic: “ The confinement made many people want to go green and in CABA the price of properties began to fall, because there was no demand, while in the northern zone values rose.”
The price per m2 in the northern area accumulates an increase of 2.7% in 2024 Alejandro Guyot
“ In general, prices have remained stable, although obviously each area has its own realities and dynamics,” says Santiago Mieres, from the real estate agency of the same name. However, he says that there is less and less room for negotiation, so when it comes to finalizing purchases, prices are indeed rising . He also points out that many owners have withdrawn their units from sale, with the expectation of being able to sell them in a while, when prices rise due to mortgage loans and, “with the lack of supply, prices should rise.”
Daniel Salaya Romera, president of the real estate company of the same name, shares Mieres' view that the listed prices remained stable and that the closing prices did vary. He explains that recently there has been a drop in the counteroffer margins, which led to deals being closed, "in some cases, without any change in relation to the listed price."
In concrete examples, a one-bedroom apartment of 50 m² costs around US$111,020, while a three-room apartment of 70 m² costs US$163,531. If we analyze neighborhood by neighborhood, Vicente López and La Lucila share the podium, since they are the two options with the most expensive offer on the market, with a price of US$3241/m² each. Olivos follows, with an average price of US$2931/m². On the other hand, Barrio Infico has the most affordable, with an average price of US$944/m², followed by Loma Hermosa, with US$962/m² and José C. Paz Oeste, with US$970/m².
Belén de Escobar remains the neighbourhood with the highest profitability, with 7.2%. It is followed by San Miguel and Múñiz, with 6.9% and 6.5%, of gross return, respectively. On the other hand, La Lucila is the neighbourhood with the lowest profitability, with a return of 4.1%. It is followed by Manuel Alberti and Vicente López (both with 4%).
www.buysellba.com
Source:
Un informe reveló cuánto subieron los precios de los alquileres en zona norte en el año
Los precios volvieron a subir por encima de la inflación, pero acumulan un aumento en lo que va del año que se encuentra por debajo
www.lanacion.com.ar
December 09, 2024
Prices rose again above inflation, but have accumulated an increase so far this year that is below
A report revealed how much rental prices in the northern zone rose in the year Ricardo Pristupluk
In a market that reactivated its offer after Javier Milei's DNU - in which the rental law was repealed - the increase in listing prices accompanies this growth. Thus, so far in 2024, the increase in rental values in the northern zone has accumulated a 75.6% increase.
This is an increase that is below the national inflation rate, which as of October was 192.99%. However, the increase in the last two months (4.2% in October and 3.3% in November) is above the last national monthly inflation figure recorded, which was 2.7% in October.
Rents in the northern area have risen by 75.6% so far this yearZonaprop
In concrete numbers, a one-bedroom apartment in the north zone is priced at $508,918, while a two-bedroom apartment has an average value of $713,202. When analyzing each neighborhood, Olivos was positioned in November as the area with the most expensive offer, with a price of $609,333. La Lucila and Nordelta follow in the ranking , with a value of $601,635 and $596,219, respectively. On the other hand, José León Suárez continues to be the neighborhood with the most affordable offer, with an average price of $377,841 per month, followed by San Andrés ($405,269 per month) and Villa Ballester ($427,877 per month).
The price per square meter remains stable
If we look at the prices of apartments for sale, the main observation is that the average listing price of a one-bedroom apartment in the northern zone has remained stable since September. It stands at US$2,223 and in 2024 it will accumulate an increase of 2.7%.Explaining the phenomenon of prices in the northern zone not growing as much as in CABA, which has registered a rise of 6.6% so far this year, Diego Cazes, general manager of LJ Ramos, points out that the Federal Capital is dragging very low values that never settled after the pandemic: “ The confinement made many people want to go green and in CABA the price of properties began to fall, because there was no demand, while in the northern zone values rose.”
The price per m2 in the northern area accumulates an increase of 2.7% in 2024 Alejandro Guyot
“ In general, prices have remained stable, although obviously each area has its own realities and dynamics,” says Santiago Mieres, from the real estate agency of the same name. However, he says that there is less and less room for negotiation, so when it comes to finalizing purchases, prices are indeed rising . He also points out that many owners have withdrawn their units from sale, with the expectation of being able to sell them in a while, when prices rise due to mortgage loans and, “with the lack of supply, prices should rise.”
Daniel Salaya Romera, president of the real estate company of the same name, shares Mieres' view that the listed prices remained stable and that the closing prices did vary. He explains that recently there has been a drop in the counteroffer margins, which led to deals being closed, "in some cases, without any change in relation to the listed price."
In concrete examples, a one-bedroom apartment of 50 m² costs around US$111,020, while a three-room apartment of 70 m² costs US$163,531. If we analyze neighborhood by neighborhood, Vicente López and La Lucila share the podium, since they are the two options with the most expensive offer on the market, with a price of US$3241/m² each. Olivos follows, with an average price of US$2931/m². On the other hand, Barrio Infico has the most affordable, with an average price of US$944/m², followed by Loma Hermosa, with US$962/m² and José C. Paz Oeste, with US$970/m².
Real estate profitability
Architect José Rozados, director of Reporte Inmobiliario , explains that the annual gross rent is a primary indicator of real estate profitability that is calculated considering the annual rental income in relation to the market value of the property . When analyzing the profitability of the northern zone, the rent/price ratio rises and is located at 4.71% annually. Currently, 21.2 years of rent are needed to repay the initial investment, 26% less than a year ago.Belén de Escobar remains the neighbourhood with the highest profitability, with 7.2%. It is followed by San Miguel and Múñiz, with 6.9% and 6.5%, of gross return, respectively. On the other hand, La Lucila is the neighbourhood with the lowest profitability, with a return of 4.1%. It is followed by Manuel Alberti and Vicente López (both with 4%).
www.buysellba.com
