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Home prices for sale rose 5.7% so far in 2024: it is the first sign of recovery in 6 years - Infobae
Source:
www.infobae.com
August 28, 2024
This was confirmed by an analysis that also found that the average purchase price is 7% above the minimum recorded in June 2023. In terms of rentals, the values have stabilized but remain high: a two-room apartment exceeds an average of $485,000 per month.
By Jose Luis Cieri
Buying and selling operations continue to rise and values have risen again, confirming a change in trend after 6 years of constant falls.
A private analysis has revealed a significant change in the real estate market in the city of Buenos Aires. Purchase and sale transactions are on the rise, with an increase in prices confirming a reversal of the trend after six years of continuous declines.
In 2024, according to Zonaprop, the sales price in CABA accumulated an increase of 5.7%, the best record in 60 months.
In August, the average price per square metre rose by 0.6% to USD 2,301, which is 7% higher than the minimum recorded in June 2023 and confirms the recovery after a prolonged crisis.
Regarding rentals, the study concluded that the average price of a two-room apartment in CABA increased by 4.5% in August, reaching an average of $485,881 per month. With the decrease in inflation and the expansion of supply, which includes more than 15,000 properties in different neighborhoods, the accumulated increase in 2024 is 45%, below the annual inflation of 94%, but it is still high for the income of employees who have not yet managed to recover their income against the inflation index.
www.buysellba.com
Source:
Los precios de las viviendas en venta subieron 5,7% en lo que va 2024: es primera señal de recuperación en 6 años
Así lo confirmó un análisis que también detectó que el precio medio para la adquisición se ubica un 7% por encima del mínimo registrado en junio de 2023. En alquileres, los valores se estabilizaron pero siguen siendo elevados: un dos ambientes supera en promedio los $485.000 mensuales
www.infobae.com
August 28, 2024
This was confirmed by an analysis that also found that the average purchase price is 7% above the minimum recorded in June 2023. In terms of rentals, the values have stabilized but remain high: a two-room apartment exceeds an average of $485,000 per month.
By Jose Luis Cieri
Buying and selling operations continue to rise and values have risen again, confirming a change in trend after 6 years of constant falls.
A private analysis has revealed a significant change in the real estate market in the city of Buenos Aires. Purchase and sale transactions are on the rise, with an increase in prices confirming a reversal of the trend after six years of continuous declines.
In 2024, according to Zonaprop, the sales price in CABA accumulated an increase of 5.7%, the best record in 60 months.
In August, the average price per square metre rose by 0.6% to USD 2,301, which is 7% higher than the minimum recorded in June 2023 and confirms the recovery after a prolonged crisis.
Regarding rentals, the study concluded that the average price of a two-room apartment in CABA increased by 4.5% in August, reaching an average of $485,881 per month. With the decrease in inflation and the expansion of supply, which includes more than 15,000 properties in different neighborhoods, the accumulated increase in 2024 is 45%, below the annual inflation of 94%, but it is still high for the income of employees who have not yet managed to recover their income against the inflation index.
www.buysellba.com
