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How much has the square meter risen for the purchase of apartments with up to 2 bedrooms and what are the prices in CABA? - Infobae
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www.infobae.com
April 06, 2025
A private report revealed the actual closing prices for sales transactions. What are the causes of the upswing? What types of properties and neighborhoods are in highest demand?
In Buenos Aires, 8,000 properties were sold in the first two months of the year. What are the current prices for apartments? (Illustrative Image Infobae)
The average closing price per square meter for used one- to two-bedroom apartments in Buenos Aires reached USD 2,099 in February, according to the latest Real M2 Index report prepared by Re/Max and the University of the Center for Macroeconomic Studies of Argentina (UCEMA) in conjunction with Reporte Inmobiliario.
The figure represents a monthly increase of 2.6% and a year-over-year increase of 17.7% compared to February 2024.
The sustained growth in values occurred in a context of market recovery, influenced by the resurgence of mortgage lending, the slowdown in inflation, and greater exchange rate stability. The average trading margin between the published value and the final closing price stood at 4.18% in February.
"The average price remained at around USD 2,100 per square meter. Compared to February of last year, the increase was nearly 18%, a significant increase," explained Sebastián Sosa , president of Re/Max Argentina and Uruguay.
Sosa emphasized that, while money laundering didn't have a significant impact on the market, mortgage lending went from representing a marginal fraction to 14% of transactions carried out in the company's network of real estate agencies over the last year. "The market has changed its climate. There is more confidence due to the improvement in macroeconomic variables. If financing continues to expand and conditions stabilize, we could see sustained growth," he noted. "There are transactions that previously took months to complete and are now resolved in weeks. We're seeing a different dynamic, especially in middle-market segments where access to credit is beginning to play a decisive role."
In terms of absolute prices, according to the Real Estate Report platform, unit values in February averaged USD 60,200 for studio apartments, USD 78,400 for one-bedroom units, and USD 118,500 for two-bedroom units.
"Two-bedroom apartments were the most in-demand, especially among families looking to expand their homes. This pressure explained the higher monthly appreciation," explained auctioneer Hernán Perrone of Re/Max Parque, who attributed part of the increase to the reactivation of credit.
According to the specialist, "in many cases, we see that those who previously lived in one bedroom are now looking for a housing upgrade. Credit, although still limited, is beginning to open up that possibility for more people."
Regarding the geographic distribution of the increases, neighborhoods such as Villa Urquiza, Almagro, and Flores showed the largest monthly increases.
José Rozados , from Reporte Inmobilario, commented: “In Villa Urquiza, two-bedroom units increased by 9%, while studio and one-bedroom units increased by an average of 2%.
In Almagro, one-bedroom apartments sold for 7.6% more than in January. In Flores, studio apartments increased by 7% monthly.
Perrone added that other areas such as Caballito, Palermo, Barrio Norte, Recoleta, Villa Devoto, and Villa del Parque also continue to top the price growth rankings. "These neighborhoods tend to better withstand price declines in times of crisis and recover more quickly when the market picks up," he noted.
Two-bedroom apartments, among those that appreciated the most
Furthermore, he noted, "the market is still adjusting to the new context, but there are clear signs that prices are coming off the lows they've been at for so long."
Rozados concluded: "According to projections from major real estate companies, if macroeconomic stability persists and the credit supply expands, values could continue to recover throughout 2025."
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Source:
Cuánto subió el m2 para compra de departamentos de hasta 3 ambientes y cuáles son los precios en CABA
Un informe privado detectó cuáles son las cotizaciones reales de cierre en las operaciones de compra venta. Cuales son las causas del repunte, que tipos de propiedades y barrios tienen más demanda
www.infobae.com
April 06, 2025
A private report revealed the actual closing prices for sales transactions. What are the causes of the upswing? What types of properties and neighborhoods are in highest demand?
In Buenos Aires, 8,000 properties were sold in the first two months of the year. What are the current prices for apartments? (Illustrative Image Infobae)
The average closing price per square meter for used one- to two-bedroom apartments in Buenos Aires reached USD 2,099 in February, according to the latest Real M2 Index report prepared by Re/Max and the University of the Center for Macroeconomic Studies of Argentina (UCEMA) in conjunction with Reporte Inmobiliario.
The figure represents a monthly increase of 2.6% and a year-over-year increase of 17.7% compared to February 2024.
The sustained growth in values occurred in a context of market recovery, influenced by the resurgence of mortgage lending, the slowdown in inflation, and greater exchange rate stability. The average trading margin between the published value and the final closing price stood at 4.18% in February.
"The average price remained at around USD 2,100 per square meter. Compared to February of last year, the increase was nearly 18%, a significant increase," explained Sebastián Sosa , president of Re/Max Argentina and Uruguay.
Sosa emphasized that, while money laundering didn't have a significant impact on the market, mortgage lending went from representing a marginal fraction to 14% of transactions carried out in the company's network of real estate agencies over the last year. "The market has changed its climate. There is more confidence due to the improvement in macroeconomic variables. If financing continues to expand and conditions stabilize, we could see sustained growth," he noted. "There are transactions that previously took months to complete and are now resolved in weeks. We're seeing a different dynamic, especially in middle-market segments where access to credit is beginning to play a decisive role."
Closing figures
When breaking down prices by property type, the largest monthly increase was recorded for two-bedroom apartments , which reached an average closing price of USD 2,075 per m2, 4.9% more than in January. For one-bedroom units, the price was USD 2,118 per m2, with a marginal change compared to the previous month. Studio apartments averaged USD 2,223 per m2, a 1.2% decrease compared to January.In terms of absolute prices, according to the Real Estate Report platform, unit values in February averaged USD 60,200 for studio apartments, USD 78,400 for one-bedroom units, and USD 118,500 for two-bedroom units.
"Two-bedroom apartments were the most in-demand, especially among families looking to expand their homes. This pressure explained the higher monthly appreciation," explained auctioneer Hernán Perrone of Re/Max Parque, who attributed part of the increase to the reactivation of credit.
According to the specialist, "in many cases, we see that those who previously lived in one bedroom are now looking for a housing upgrade. Credit, although still limited, is beginning to open up that possibility for more people."
Regarding the geographic distribution of the increases, neighborhoods such as Villa Urquiza, Almagro, and Flores showed the largest monthly increases.
José Rozados , from Reporte Inmobilario, commented: “In Villa Urquiza, two-bedroom units increased by 9%, while studio and one-bedroom units increased by an average of 2%.
In Almagro, one-bedroom apartments sold for 7.6% more than in January. In Flores, studio apartments increased by 7% monthly.
Perrone added that other areas such as Caballito, Palermo, Barrio Norte, Recoleta, Villa Devoto, and Villa del Parque also continue to top the price growth rankings. "These neighborhoods tend to better withstand price declines in times of crisis and recover more quickly when the market picks up," he noted.
Valorization in the broadest sense
Rozados agreed that the greatest appreciation was seen in larger units and in areas with high demand. He also emphasized that, although the monthly percentages are moderate, the year-over-year comparison shows a clear change in trend after several years of successive declines. "The reappearance of credit, although incipient, is beginning to drive demand in certain segments. If it consolidates, the scenario could change for the second half of the year," he anticipated.
Two-bedroom apartments, among those that appreciated the most
Furthermore, he noted, "the market is still adjusting to the new context, but there are clear signs that prices are coming off the lows they've been at for so long."
What to expect
In line with the data collected, the overall average price per square meter for all units sold in the city was above USD 2,000 for the first time since 2019.Rozados concluded: "According to projections from major real estate companies, if macroeconomic stability persists and the credit supply expands, values could continue to recover throughout 2025."
www.buysellba.com
