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Mortgage loan momentum continues in GBA: how values are moving and how much it costs to buy - Infobae
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www.infobae.com
February 19, 2025
Mortgage loan momentum continues in GBA: how values are moving and how much it costs to buy
The evolution of demand in Quilmes, San Martín, Avellaneda and Morón. What is happening with rents?
By Jose Luis Cieri
The real estate sector is undergoing changes with new rules and mortgage loans. Inquiries are skyrocketing in key areas of the suburbs such as Avellaneda, Quilmes, San Martín, Vicente López and Lanús (Illustrative Image Infobae)
The real estate market in Greater Buenos Aires (GBA) started the year with signs of recovery in some segments, driven by the greater availability of mortgage loans and a gradual adjustment in purchase and rental prices.
While in certain areas there is still a suppressed demand due to financing difficulties, in others there is beginning to be greater movement, with prices registering slight increases in line with inflation and the dynamics of the sector.
In districts such as Quilmes, San Martín, Avellaneda and Morón , the operations reflect a sustained interest on the part of those seeking to acquire properties through credit, although the offer is still limited.
It is highlighted how supply and demand shape regional dynamics. The increases for purchase and sale in the suburbs were lower than in CABA ( they rose in 96% of Buenos Aires neighborhoods ), because the fall in prices was more forceful until the beginning of 2024, with a drop of 45% since 2018.
Ignacio O'Keefe , director of Inmobiliaria O'Keefe, explained that in Quilmes a two-room apartment, measuring approximately 48 square meters, costs between USD 75,000 and USD 80,000, while three-room apartments, measuring approximately 71 m2, are sold for around USD 150,000.
Regarding the beginning of the year, he stressed that “property prices at the beginning of the year did not experience major variations,” although he indicated that the value of apartments in condominiums increased by between 5% and 8% due to the increase in the cost of construction.
The increase in rates in thirteen of the 25 banks that offer loans between November and December, together with seasonality, partly explain a slight drop in demand . However, the GBA real estate market maintains that interest in buying remains active.
Regarding the mortgage segment, O'Keefe added to the media that "although we saw a peak in inquiries in September 2024, today it remains stable."
In Avellaneda and Lanús, Fernando Belvedere , from EFEBE Properties, explained that market values show slight increases due to the growth in demand.
"Prices have seen a slight increase, between 5% and 10%, due to increased demand," he said.
Mansilla 2400, a house in Sarandí, in the district of Avellaneda (Photo Courtesy: EFEBE Properties)
He explained that the one-bedroom apartments for sale are priced between USD 75,000 and USD 85,000, and vary depending on the square footage and amenities.
As for two-bedroom homes in these locations, projects located in Lanús Centro or key sectors of Avellaneda offer sales options from USD 90,000 to USD 120,000.
On the other hand, Belvedere highlighted that the volume of inquiries from buyers with pre-approved mortgage loans in his real estate agency.
He said: “Several families or young professionals are leaning towards the option of buying their own home rather than continuing to rent . ”
From the San Martín district, Néstor Ruiz , from Dinal Properties, regarding the purchase, a one-bedroom apartment costs an average of USD 85,000, while a three-room apartment sells for around USD 135,000.
Regarding the price level at the beginning of the year, he indicated that “prices showed a tendency to increase by 20% compared to last year,” attributed in part to a reactivation of the market and positive expectations due to the opening of some bank loans.
At the same time, he acknowledged that the demand for rentals continues to predominate due to the difficulties of accessing financing by the middle class.
Alejandro J. Altamirano , from Altamirano Properties, whose area of activity includes San Martín and Villa Ballester, partially agrees with the increase in prices.
As he explained, “2024 was the year in which prices finally bottomed out after five consecutive years of falling prices. For certain types of homes, especially those in good locations, the increase ranged between 5% and 10% year-on-year.”
Intersection of Lacroze and Alvear, a dynamic area of Villa Ballester (Photo Courtesy: Altamirano Properties)
Regarding mortgage loans, Altamirano said that 50% of current inquiries for purchases are using this mechanism, although he acknowledged that the values of installments and rents "are very similar," which keeps many potential buyers still in the decision stage.
“In Morón, the most sought-after areas include the downtown area and the areas near Rivadavia Avenue, where services and transportation are offered together. In Haedo, the preference is given to the vicinity of the station and the corridor of Presidente Perón Avenue, due to their proximity to schools and shops,” said Luciana Rivas , from the real estate company of the same name.
Despite the slight increase in values, affordability is a key factor in the purchase decision. Mortgage loans have driven good inquiries on used and brand new units, especially in buildings with amenities.
Rivas added: “ The GBA market is also expecting the implementation of divisible mortgages , a key factor to boost the purchase of sub-prime housing and promote construction, affected by high costs, which in Morón increased by 75% in one year.”
A brand new apartment
In the case of rentals, values registered marked adjustments in some districts, which generates uncertainty about access to housing.
Belvedere indicated that rental prices range between $650,000 and $700,000 per month for two-bedroom apartments and houses, depending on the quality and location of the property between Avellaneda and Lanús. In the case of one-bedroom apartments, the average value is $350,000, plus expenses.
For his part, Ruiz pointed out that apartment rentals showed sharp increases in San Martín. “The average rent for a one-bedroom apartment is 500,000 pesos per month, while a two-bedroom apartment reaches $800,000 per month,” he concluded.
www.buysellba.com
Source:
El impulso de los créditos hipotecarios se sostiene en el GBA: cómo se están moviendo los valores y cuánto cuesta comprar
Cómo evoluciona la demanda en partidos como Quilmes, San Martín, Avellaneda y Morón. Qué pasa con los alquileres y cómo se mueve el mercado inmobiliario en el conurbano
www.infobae.com
February 19, 2025
Mortgage loan momentum continues in GBA: how values are moving and how much it costs to buy
The evolution of demand in Quilmes, San Martín, Avellaneda and Morón. What is happening with rents?
By Jose Luis Cieri
The real estate sector is undergoing changes with new rules and mortgage loans. Inquiries are skyrocketing in key areas of the suburbs such as Avellaneda, Quilmes, San Martín, Vicente López and Lanús (Illustrative Image Infobae)
The real estate market in Greater Buenos Aires (GBA) started the year with signs of recovery in some segments, driven by the greater availability of mortgage loans and a gradual adjustment in purchase and rental prices.
While in certain areas there is still a suppressed demand due to financing difficulties, in others there is beginning to be greater movement, with prices registering slight increases in line with inflation and the dynamics of the sector.
In districts such as Quilmes, San Martín, Avellaneda and Morón , the operations reflect a sustained interest on the part of those seeking to acquire properties through credit, although the offer is still limited.
It is highlighted how supply and demand shape regional dynamics. The increases for purchase and sale in the suburbs were lower than in CABA ( they rose in 96% of Buenos Aires neighborhoods ), because the fall in prices was more forceful until the beginning of 2024, with a drop of 45% since 2018.
Ignacio O'Keefe , director of Inmobiliaria O'Keefe, explained that in Quilmes a two-room apartment, measuring approximately 48 square meters, costs between USD 75,000 and USD 80,000, while three-room apartments, measuring approximately 71 m2, are sold for around USD 150,000.
Regarding the beginning of the year, he stressed that “property prices at the beginning of the year did not experience major variations,” although he indicated that the value of apartments in condominiums increased by between 5% and 8% due to the increase in the cost of construction.
The increase in rates in thirteen of the 25 banks that offer loans between November and December, together with seasonality, partly explain a slight drop in demand . However, the GBA real estate market maintains that interest in buying remains active.
Regarding the mortgage segment, O'Keefe added to the media that "although we saw a peak in inquiries in September 2024, today it remains stable."
In Avellaneda and Lanús, Fernando Belvedere , from EFEBE Properties, explained that market values show slight increases due to the growth in demand.
"Prices have seen a slight increase, between 5% and 10%, due to increased demand," he said.
Mansilla 2400, a house in Sarandí, in the district of Avellaneda (Photo Courtesy: EFEBE Properties)
He explained that the one-bedroom apartments for sale are priced between USD 75,000 and USD 85,000, and vary depending on the square footage and amenities.
As for two-bedroom homes in these locations, projects located in Lanús Centro or key sectors of Avellaneda offer sales options from USD 90,000 to USD 120,000.
On the other hand, Belvedere highlighted that the volume of inquiries from buyers with pre-approved mortgage loans in his real estate agency.
He said: “Several families or young professionals are leaning towards the option of buying their own home rather than continuing to rent . ”
North
From the San Martín district, Néstor Ruiz , from Dinal Properties, regarding the purchase, a one-bedroom apartment costs an average of USD 85,000, while a three-room apartment sells for around USD 135,000.
Regarding the price level at the beginning of the year, he indicated that “prices showed a tendency to increase by 20% compared to last year,” attributed in part to a reactivation of the market and positive expectations due to the opening of some bank loans.
At the same time, he acknowledged that the demand for rentals continues to predominate due to the difficulties of accessing financing by the middle class.
Alejandro J. Altamirano , from Altamirano Properties, whose area of activity includes San Martín and Villa Ballester, partially agrees with the increase in prices.
As he explained, “2024 was the year in which prices finally bottomed out after five consecutive years of falling prices. For certain types of homes, especially those in good locations, the increase ranged between 5% and 10% year-on-year.”
Intersection of Lacroze and Alvear, a dynamic area of Villa Ballester (Photo Courtesy: Altamirano Properties)
Regarding mortgage loans, Altamirano said that 50% of current inquiries for purchases are using this mechanism, although he acknowledged that the values of installments and rents "are very similar," which keeps many potential buyers still in the decision stage.
West
In Morón and Haedo , the price per square metre ranges between USD 1,400 and 1,800 for one- and two-bedroom apartments, with a 3% year-on-year increase. Demand is concentrated in areas close to train stations and in commercial hubs with good connectivity.“In Morón, the most sought-after areas include the downtown area and the areas near Rivadavia Avenue, where services and transportation are offered together. In Haedo, the preference is given to the vicinity of the station and the corridor of Presidente Perón Avenue, due to their proximity to schools and shops,” said Luciana Rivas , from the real estate company of the same name.
Despite the slight increase in values, affordability is a key factor in the purchase decision. Mortgage loans have driven good inquiries on used and brand new units, especially in buildings with amenities.
Rivas added: “ The GBA market is also expecting the implementation of divisible mortgages , a key factor to boost the purchase of sub-prime housing and promote construction, affected by high costs, which in Morón increased by 75% in one year.”
Locations
For rent in the GBA, demand remains more active than in 2024. “The repeal of the Rental Law drove an increase in both supply and profitability, which in the residential segment reached 6% annually, exceeding the 4% of previous years and even lower levels in some cases,” said O'Keefe. In Quilmes, rental values range between $450,000 and $750,000 per month.
A brand new apartment
In the case of rentals, values registered marked adjustments in some districts, which generates uncertainty about access to housing.
Belvedere indicated that rental prices range between $650,000 and $700,000 per month for two-bedroom apartments and houses, depending on the quality and location of the property between Avellaneda and Lanús. In the case of one-bedroom apartments, the average value is $350,000, plus expenses.
For his part, Ruiz pointed out that apartment rentals showed sharp increases in San Martín. “The average rent for a one-bedroom apartment is 500,000 pesos per month, while a two-bedroom apartment reaches $800,000 per month,” he concluded.
www.buysellba.com
