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Everything you need to know before buying or renting a house in the northern area: Prices, locations and profitability - La Nacion Propiedades
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Todo lo que tenés que saber antes de comprar o alquilar una casa en zona norte: precios, lugares y rentabilidad
Si buscás alquilar o invertir en propiedades en zona norte de Gran Buenos Aires te contamos algunas de las claves a tener en cuenta
www.lanacion.com.ar
April 8, 2024
If you are looking to rent or invest in properties in the northern area of Greater Buenos Aires, we will tell you some of the keys to keep in mind
To rent in the northern area of Greater Buenos Aires it is necessary to take into account several keys
The northern area of Greater Buenos Aires is home to residential areas and areas that continue to be developed. For those interested in investing or renting a property in this area, some keys to keep in mind are described below.
Price per square meter
The average value per m² of houses in the northern area is US$1,441. The price registered a recovery between December 2022 and May 2023, but starting in June 2023 a decrease is observed, which today places it at the same level as February 2017 . The greatest decline is concentrated in small units with up to three rooms. In February the value of a 150 m² house with two bedrooms was US$208,914, while that of a 170 m² house with three bedrooms was US$298,000.
Since June 2023, the average price of houses in northern GBA began to decline and in February it registered the same level as in February 2017
Most expensive and cheapest neighborhoods
Nordelta is the area that defends the highest value , with prices of US$ 2,147 per m². The other neighborhoods with the most expensive prices are Troncos del Talar with US$2,110 and La Lucila with US$1,899 per m². On the contrary, José C. Paz east (US$592 per m²), José C. Paz center (US$632 per m²) and José C. Paz south (US$635 per m²) are the most economical.If the analysis is done at the municipal level, Tigre (US$1,734), Vicente López (US$1,600) and San Isidro (US$1,550) lead the average prices in m² . Tigre is also positioned as the municipality with the greatest price range, with prices starting at US$771 and reaching US$2,147. Its breadth can be explained by covering the Nordelta neighborhood, the one with the most expensive proposals.
The municipalities with the highest value for purchase are Tigre, Vicente López and San Isidro
Rental, another option in the northern area
In the northern zone , in the month of February the average price to rent a two-bedroom, 150 m² house per month in the municipalities surveyed was $1,298,102. In the case of larger options , houses of 200 m² and three bedrooms recorded an average value of $1,806,717 per month.The average rental price has been growing , although in February it registered an increase of 6.5%, which was below inflation (13.2%). In addition, it slowed down with respect to the increases it had been registering in the last six months , which was between 12% and 13%. Something interesting to highlight is that new homes are the ones with the least increase in 2024.
A private neighborhood in Martínez
Troncos del Talar (average price of $1,681,977 per month), Pilar del Sur ($1,649,276 per month) and Nordelta ($1,535,859 per month) are the neighborhoods with the highest value for renting houses in northern GBA. For its part, Don Torcuato ($691,429 monthly), Zelaya ($856,516 monthly) and Pilar ($926,739 monthly) are positioned as the cheapest
What profitability do North GBA properties have?
The rent/price ratio is 6.0% annually and it takes 16.7 years to repay the initial investment, 2% more than a year ago. Profitability began to rise after the pandemic ; It hit its bottom in June 2020 and since then, in general, it has been on the rise.
The rent/price ratio in northern GBA stands at 6.0% annually
Pilar Sur is positioned as the best neighborhood for investors seeking income , with a gross return of 8%. Boulogne Sur Mer follows with a very similar percentage, 7.9%. If compared to CABA, the rent/price ratio is 4.74% annually and 21.1 years of rent are required to recover the investment.
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