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How to Buy Well in the Premium Real Estate Market: Values and Mistakes to Avoid - Infobae
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www.infobae.com
March 18, 2025
Prices have also stopped falling in the high-end sector. Which homes are in the highest demand and in which neighborhoods are they located?
By Jose Luis Cieri
Integrated kitchen, dining room, and living room, a design concept that is popular among those buying in the premium real estate market.
The high-end real estate market offers exclusive opportunities and also requires detailed analysis to make sound decisions. From location to materials and amenities, every factor influences the investment.
Furthermore, even with good capital, there are mistakes that can compromise the operation.
The real estate market is showing signs of recovery following the change of government and the new economic outlook. Values have stopped falling, and in 95% of Buenos Aires neighborhoods, they have appreciated by up to 10% year-over-year. The premium segment is no exception.
Even so, Buenos Aires offers luxury properties at prices up to 40% lower than in other major cities around the world, representing an opportunity for investors.
Here's a guide on how to avoid mistakes and buy a high-end property wisely.
Among the amenities, premium projects include heated indoor/outdoor pools, a spa, a mini-cinema, a wine cellar, a gym, and coworking spaces . Furthermore, more and more developments are seeking environmental certifications, such as LEED or FITWEL, which guarantee energy efficiency and well-being for their residents.
In the penthouses or duplexes that top off a building, the terraces and amenities are key to helping the interested party decide on the purchase.
Another determining factor is the size of the lot where the building was constructed. "For a tower to be considered premium, it must be built on a large lot, with enough space for high-end amenities," he indicated. He also emphasized that for units over 100 m², it is essential to have at least one permanent parking space.
Pablo Valencia Neira , CEO of Valencia Neira Real Estate, emphasized the importance of materials and visual impact in the luxury experience. “The most exclusive properties must not only have high-quality finishes, but also a harmonious integration of elements such as imported marble, designer faucets, and large-format porcelain floors,” he stated.
He also emphasized that open views, especially in strategic directions, are a key factor influencing value and the perception of exclusivity.
Valencia Neira also highlighted that home automation is an increasingly valued differentiator in the premium segment. "Automated control of lighting, air conditioning, and security not only improves energy efficiency but also elevates the comfort experience within the property," he noted. This type of technology allows for programming personalized scenarios based on the time of day and the owners' preferences.
Garages in buildings are key to attracting demand for exclusive homes.
According to a survey of values, according to Valencia Neira Real Estate, these are the current prices:
In the case of penthouses and triplexes, prices are higher. “These units offer the privacy and spaciousness of a home, but with the amenities of a luxury building. Their prices range from USD 3,200 to USD 8,000 per square meter,” Pinus noted.
In addition to the purchase price, it is key to analyze maintenance costs and expenses.
Pinus added: “Expenses in premium buildings typically include services such as 24-hour security, maintenance of amenities, and green spaces. In some cases, they can exceed USD 1,000 per month, depending on the size of the unit and the building's amenities.”
It's essential to verify that the land is registered and that the construction has approved permits. Another critical point is the legal analysis of the unit. Before moving forward with the transaction, it's crucial to review the property title, the existence of mortgages or liens, and the co-ownership regulations. It's also a good idea to evaluate the projected expenses and any approved extraordinary costs.
Puerto Madero, the most luxurious neighborhood in Buenos Aires and one of the most expensive in Latin America
In luxury buildings, some units may have usage restrictions that must be taken into account.
Depending on the area, prices can range from USD 3,500 to USD 10,000 per square meter. In some cases, these properties include private pools, barbecue grills, and exclusive elevator access.
Valencia Neira added that these units are marketed privately. "In the more exclusive segment, many properties are not publicly advertised and are negotiated directly with qualified buyers," he explained.
This strategy responds to the demand for privacy and exclusivity that characterizes this market sector.
The most recent developments are in Núñez and Bajo Belgrano, where the construction of premium towers has grown in recent years. "The proximity to green spaces, connectivity to key avenues like Libertador, and the offering of differentiated amenities are driving demand in these areas," he noted.
The Belgrano neighborhood is one of the areas with the most premium housing offerings in Buenos Aires.
On the other hand, traditional luxury neighborhoods, such as Recoleta and Retiro, remain highly valued. He added: "In these areas, the most sought-after properties are classic buildings with high-end architectural details and spacious apartments with high-end finishes."
Among the points to consider, he highlighted the importance of verifying:
Furthermore, in the case of off-balance sheet purchases, it is advisable to work with your own notary to oversee the transaction and ensure transparency.
www.buysellba.com
Source:
Cómo comprar bien en el mercado inmobiliario premium: valores y los errores que hay que evitar
Los precios dejaron de caer también en el sector de alta gama. Cuáles son las viviendas más demandadas y en qué barrios se encuentran
www.infobae.com
March 18, 2025
Prices have also stopped falling in the high-end sector. Which homes are in the highest demand and in which neighborhoods are they located?
By Jose Luis Cieri
Integrated kitchen, dining room, and living room, a design concept that is popular among those buying in the premium real estate market.
The high-end real estate market offers exclusive opportunities and also requires detailed analysis to make sound decisions. From location to materials and amenities, every factor influences the investment.
Furthermore, even with good capital, there are mistakes that can compromise the operation.
The real estate market is showing signs of recovery following the change of government and the new economic outlook. Values have stopped falling, and in 95% of Buenos Aires neighborhoods, they have appreciated by up to 10% year-over-year. The premium segment is no exception.
Even so, Buenos Aires offers luxury properties at prices up to 40% lower than in other major cities around the world, representing an opportunity for investors.
Here's a guide on how to avoid mistakes and buy a high-end property wisely.
What defines a premium property
According to Martín Pinus , director of Martín Pinus Real Estate, a luxury property must meet certain standards in design, location, and functionality. “Privacy, spaciousness, optimal orientation, and top-notch finishes are key to attracting the most discerning buyers,” he stated. In high-end buildings and towers, units typically feature large windows, private landings, and terraces with panoramic views.Among the amenities, premium projects include heated indoor/outdoor pools, a spa, a mini-cinema, a wine cellar, a gym, and coworking spaces . Furthermore, more and more developments are seeking environmental certifications, such as LEED or FITWEL, which guarantee energy efficiency and well-being for their residents.
What aspects to review before buying
When evaluating a premium apartment, it's key to analyze construction and functional details. "High ceilings, quality marble or wood floors, top-of-the-line faucets, and double-glazed windows are indicators of a luxury property," Pinus explained. He also recommended paying attention to sound and thermal insulation, as well as the layout of the rooms.
In the penthouses or duplexes that top off a building, the terraces and amenities are key to helping the interested party decide on the purchase.
Another determining factor is the size of the lot where the building was constructed. "For a tower to be considered premium, it must be built on a large lot, with enough space for high-end amenities," he indicated. He also emphasized that for units over 100 m², it is essential to have at least one permanent parking space.
Pablo Valencia Neira , CEO of Valencia Neira Real Estate, emphasized the importance of materials and visual impact in the luxury experience. “The most exclusive properties must not only have high-quality finishes, but also a harmonious integration of elements such as imported marble, designer faucets, and large-format porcelain floors,” he stated.
He also emphasized that open views, especially in strategic directions, are a key factor influencing value and the perception of exclusivity.
Valencia Neira also highlighted that home automation is an increasingly valued differentiator in the premium segment. "Automated control of lighting, air conditioning, and security not only improves energy efficiency but also elevates the comfort experience within the property," he noted. This type of technology allows for programming personalized scenarios based on the time of day and the owners' preferences.
Values in the current market
Prices vary depending on the location, square footage, and building features. In premium projects, prices per square meter can exceed USD 6,500 in neighborhoods like Núñez, Palermo, and Puerto Madero. Meanwhile, a used four-bedroom apartment can start at USD 3,600 per square meter, while brand-new units reach USD 8,600.
Garages in buildings are key to attracting demand for exclusive homes.
According to a survey of values, according to Valencia Neira Real Estate, these are the current prices:
- One-bedroom apartment: between USD 350,000 and USD 1,800,000.
- Two-bedroom apartment: between USD 420,000 and USD 3,300,000.
- Three-bedroom apartment: between USD 535,000 and USD 3,500,000.
In the case of penthouses and triplexes, prices are higher. “These units offer the privacy and spaciousness of a home, but with the amenities of a luxury building. Their prices range from USD 3,200 to USD 8,000 per square meter,” Pinus noted.
In addition to the purchase price, it is key to analyze maintenance costs and expenses.
Pinus added: “Expenses in premium buildings typically include services such as 24-hour security, maintenance of amenities, and green spaces. In some cases, they can exceed USD 1,000 per month, depending on the size of the unit and the building's amenities.”
Errors to avoid
Even with the necessary capital, there are mistakes that can affect your investment. One of them is failing to verify the developer's track record when purchasing off-the-shelf.It's essential to verify that the land is registered and that the construction has approved permits. Another critical point is the legal analysis of the unit. Before moving forward with the transaction, it's crucial to review the property title, the existence of mortgages or liens, and the co-ownership regulations. It's also a good idea to evaluate the projected expenses and any approved extraordinary costs.
Puerto Madero, the most luxurious neighborhood in Buenos Aires and one of the most expensive in Latin America
In luxury buildings, some units may have usage restrictions that must be taken into account.
How values and benefits vary
Units on the top floors of premium buildings command a premium. “Penthouses and triplexes offer larger spaces, private terraces, and unique panoramic views. Their scarcity in the market drives their prices higher,” Pinus commented.Depending on the area, prices can range from USD 3,500 to USD 10,000 per square meter. In some cases, these properties include private pools, barbecue grills, and exclusive elevator access.
Valencia Neira added that these units are marketed privately. "In the more exclusive segment, many properties are not publicly advertised and are negotiated directly with qualified buyers," he explained.
This strategy responds to the demand for privacy and exclusivity that characterizes this market sector.
Neighborhoods with the highest concentration of premium offerings
In Buenos Aires, the high-end real estate market is concentrated in the city's northern corridor. "The most sought-after areas are Puerto Madero, Palermo Chico, Belgrano, Núñez, and Barrio Parque. In these areas, demand remains stable and prices show a steady upward trend," said Pinus.The most recent developments are in Núñez and Bajo Belgrano, where the construction of premium towers has grown in recent years. "The proximity to green spaces, connectivity to key avenues like Libertador, and the offering of differentiated amenities are driving demand in these areas," he noted.
The Belgrano neighborhood is one of the areas with the most premium housing offerings in Buenos Aires.
On the other hand, traditional luxury neighborhoods, such as Recoleta and Retiro, remain highly valued. He added: "In these areas, the most sought-after properties are classic buildings with high-end architectural details and spacious apartments with high-end finishes."
Legal aspects to review before purchasing
Purchasing a premium property requires a thorough analysis of legal and contractual aspects. "Before closing a deal, it's essential to review the unit's documentation and ensure the property has no tax liabilities or restrictions that could affect its use," Pinus said.Among the points to consider, he highlighted the importance of verifying:
- Title of property : Must be properly registered and without legal impediments.
- Debt status : It is key to check that there are no unpaid taxes or expense debts.
- Co-ownership regulations : Determines the building rules, use of amenities and possible restrictions.
- Expenses and maintenance costs : Evaluating projected costs helps avoid surprises in the future.
Furthermore, in the case of off-balance sheet purchases, it is advisable to work with your own notary to oversee the transaction and ensure transparency.
www.buysellba.com
