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In the northern area: Rental prices are rising again and breaking the downward streak they have been having - La Nacion Propiedades
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En zona norte: los precios de los alquileres vuelven a subir y rompen con la racha de baja que venían teniendo
En un mercado de alquileres que poco a poco se recupera, los precios vuelven a subir en zona norte
www.lanacion.com.ar
June 17, 2024
In a rental market that is slowly recovering, prices are rising again in the northern area
Rental prices rise again in the northern area
After the first three months of the year in which rental prices in the northern area had been slowing down, in April and May the publication values rose again. This was indicated by a Zonaprop report that showed that in May it increased by 3.7% and has accumulated an increase of 37.7% so far in 2024.
In this way, the average rental price of a two-room, 50 m² apartment in the North area was $397,711 , while a three-room, 70 m² apartment had an average value of $573,998 per month.
In the month of April, the average published price of a rental in the northern area had increased by 2.9%, at which point it broke with the decline that had been occurring in the other months (in March the increase was 2.5%, in February 8.3% and in January 15.9%).
Rentals: the ranking of neighborhoods by price. Zonaprop
In the top 3 most expensive neighborhoods, La Lucila tops the list, with an average price of $510,221 per month. They are followed by Vicente López with $491,967 per month and Olivos with $479,366 per month. On the other hand, Los Polvorines is positioned as the cheapest, with a value of $261,894 per month, followed by José León Suárez ($265,390 per month) and San Andrés ($279,181 per month).
What you need to know if you want to buy in the northern area
Regarding the purchase and sale values of GBA north, the average publication price of the apartments was US$2,194 per m² in May. In this way, the recovery in prices is resumed , since they remained stable in April and increased 0.4% last month. So far in 2024, they have accumulated growth of 1.3% and, in the year-on-year comparison, it is up 1.2%, the largest increase since 2019.In concrete numbers, an average two-room, 50 m² apartment has a value of US$109,215 , while a three-room, 70 m² apartment is worth US$161,908.
The rental market has accumulated movement since the end of last year, when the law was repealed
In purchase and sale values, the ranking also positions La Lucila as the most expensive neighborhood , with a value of US$3,223 dollars per m². They are followed by Vicente López, with US$3,198/m² and Olivos with US$2,900/m². On the other hand, José C. Paz Oeste is positioned as the most accessible, with an average value of US$933 per m², followed by José C. Paz Centro with US$946 per m² and Barrio Infico, at US$951 per m².
Is it advisable to invest in the northern area?
In the month of May, the rent/price ratio decreased to 3.99% annually . Currently, it takes 25.1 years of rental to recover the purchase investment, 7% less than a year ago.Belén de Escobar continues to be the best option in terms of profitability with a gross return of 6.6%. Pilar and San Miguel follow , with a gross return of 5.3% and 5.2% respectively. Vicente López, La Lucila and Acassuso lead the ranking of neighborhoods that generate the least profitability, with a gross return of 3.7%, 3.8% and 4%, respectively.
The rent/price ratio decreased to 3.99% annually in the month of May
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