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By bicycle: How the network of Buenos Aires bike paths influences the choice of housing and neighborhood in the city - Infobae
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En bicicleta: cómo la red de bicisendas porteñas influye en la elección de vivienda y barrio en la ciudad
Cuales son los trazados de CABA donde utilizarla como transporte es una opción real. Hay interés en aumento por vecindarios que integren servicios de movilidad sustentable está en aumento
www.infobae.com
June 16, 2024
What are the CABA routes where using it as transportation is a real option. There is increasing interest in neighborhoods that integrate sustainable mobility services.
By José Luis Cieri
With the bike lanes, the use of bicycles to move within CABA has grown. In addition, users look for homes near areas with easy connection (Illustrative Image Infobae)
The demand for properties depends on several factors. Price is decisive, but location and access to transportation, including cycling, are also crucial. The city of Buenos Aires, according to a private analysis, already stands out in the region for the use of bicycles: about 7% of trips are made by this means of transportation.
This situation makes it essential to identify neighborhoods where the bicycle is a real transportation option. From a real estate point of view, there is a growing interest in neighborhoods that integrate sustainable and sustainable mobility services.
According to a work by Properati, Palermo, Balvanera and Belgrano register the highest indicators in the list of searches for properties to buy or rent. “According to the data from visits to the network portals, Caballito and Almagro also lead among the five most bike-friendly neighborhoods and the most in demand for housing in 2024. Although no causality is demonstrated between cycling infrastructure and the demand for real estate, These data reflect a comprehensive image of what these neighborhoods offer, including bike mobility and its attractiveness in the market,” Ricardo Meneses Flores , from Properati in Latin America, told Infobae.
On the other hand, Villa Soldati, Villa Lugano and Villa Riachuelo are the ones that received the least demand.
A neighborhood is considered bike-friendly due to the number of kilometers of cycle paths, public bicycle stations, bicycle parking lots and specialized assistance workshops or stores.
Regarding the profile of people who choose to live near the bike lanes in CABA and what factors influence this decision, Rodrigo Saldaña , from Oslo Properties, pointed out: “The profile of people is varied, but young people predominate, between 18 and 40 years old, who understand that sustainable mobility is here to stay. The main capitals of the world use this means of transportation not only as an alternative to automobile transportation, but also as a way to promote people's health and well-being.”
Characteristics
Palermo is the district with the best conditions for bicycle use. It has more than 39 km of cycle paths, 39 public stations, 27 bicycle shops and 190 parking spaces.
Palermo, in CABA, is the most sought after neighborhood due to demand to rent or buy. Provides options for cycling (Illustrative Image Infobae)
Balvanera, Belgrano, Caballito and Almagro complete the first five places on the list and have more than 16 km of cycle paths and at least 17 stations each. The difference between Palermo and the rest is accentuated by the number of bicycle lanes in Parque 3 de Febrero.
Meneses Flores said: “Without a doubt, Palermo is the neighborhood that stands out in this area of urban cycling. The Forest area is a real option to move around this area.” Given the high costs of maintaining the home and transportation expenses, the multiplicity of means of transportation is highly valued by buyers and tenants when moving.
“The presence of cycle paths and green spaces, such as parks or squares, is gaining more and more preponderance, as they promote a healthy, outdoor life, complementing the choice of mobility. In addition, riding a bicycle is a more economical option compared to using a car or spending on gasoline,” Saldaña added.
Prices
According to Properati, to buy an apartment in the five bike-friendly neighborhoods of Buenos Aires, you need an average of between USD 1,700, in Balvanera, and USD 3,200, in Palermo, per square meter.Saldaña added: “Home value continues to be determined more by the neighborhood than by the presence of a nearby bike path. However, in the neighborhoods with a greater presence of bicycle lanes, the value per m2 ranges from approximately USD 2,500, depending on the age and characteristics of the home.”
Palermo leads the preferences for those who choose to ride a bicycle through the city
The average cost of renting a 2-bedroom in CABA is around $450,000, and that of a 3-bedroom is around $600,000 per month.
On the other hand, the least bike-friendly neighborhoods, such as Villa Soldati, Villa Lugano and Villa Riachuelo, have average prices below USD 1,500 per m2.
Impact of cycle lanes on prices
It is difficult to say that cycle paths exclusively influence property prices. However, bike lanes are a public investment that benefits the neighborhood with new construction and additional mobility options.Meneses Flores pointed out that the ranking considers the unevenness of the terrain and the total area of each district. “The flatter the terrain, the smaller the unevenness and the greater the comfort when pedaling. Parque Chas is the sector with the least natural elevation range, with only 12 meters.”
Investment in cycling infrastructure is key for large cities (Illustrative Image Infobae)
The correlation between real estate prices and cycling infrastructure is proportional. The sectors with more expensive housing have more cycle paths, stations and workshops. According to studies by the Inter-American Development Bank (IDB), living in areas that promote the use of bicycles can improve the quality of life.
With bicycle rack
Since the planning code change in 2018, new housing developments must include an additional bicycle rack for each unit, available with the purchase of the unit.“In addition, some new developments are beginning to offer complimentary bicycles for co-owners, encouraging sustainable mobility as an additional means of transportation,” concluded Saldaña.
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