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Prices in 50 Buenos Aires Neighborhoods of Studio Apartments - La Nación Propiedades
Neighborhood by neighborhood: How much does it cost to buy a studio apartment in Buenos Aires and why are smaller apartments more expensive?
Surprising prices and stability in changing times: why studios set the standard?
August 16, 2023
Within the constantly evolving real estate market of the City of Buenos Aires, an intriguing trend emerges: mono-environments.
In the dynamic and ever-changing real estate market of the City of Buenos Aires, an interesting trend is taking shape . Despite the constant demand for two- and three-bedroom apartments, it is the studios that stand out , both for their increase in value and for their ability to remain strong in times of fluctuation.
Median listing value for a used studio in July was $64,950.Bresson Realty
In the last month, the numbers speak for themselves. According to the Real Estate Report, which used a database of 26,381 used apartments offered for sale in the city of Buenos Aires with between one and four rooms, the average prices per square meter of studio apartments increased significantly by 2.41% . These outperformed their three and four room counterparts, which experienced more modest increases of 0.18% and 0.68%, respectively. In addition, the two environments experienced a unique reduction in their average price per square meter, decreasing by 1.9% . This trend defies traditional logic, where larger spaces tend to be more valued.
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Another key fact is that smaller units are worth more per square meter . An average studio is priced at around US$1,997/m², a number that decreases as more rooms are added . Apartments with two, three and four rooms, for example, are valued on average at US$1,792/m², US$1,695/m² and US$1,627/m², respectively.
The price ranking per square meter per neighborhood is headed by Palermo.
A look at the past year adds additional perspective. Between July 2023 and the same month of the previous year, the average values in all categories experienced a decline. However, it is interesting to note that studio apartments led this decrease with a 4.72% decrease, considered moderate compared to other types of units. In contrast, one-bedroom units and four-room units registered more significant drops of 6.57% and 6.06%, respectively. Three-room apartments also saw a reduction of 5.91% compared to the previous year.
What is the price of a studio apartment in CABA?
In the city of Buenos Aires, the median offer value of a used studio apartment in July was US$64,950.
The ranking of prices per square meter by neighborhood is headed by Palermo (US$2,820/m²),Recoleta (US$2,746/m²) and Núñez (US$2,698/m²). While the cheapest neighborhoods in the city are La Boca (US$1,356/m²), Constitución (US$1,363/m²) and Villa Lugano (US$1,400/m²).
Palermo: $93,450
Belgrano: $88,000
Nuñez: $87,500
Recoleta: $82,995
Villa Urquiza: US$79,900
Coghlan: $79,000
Saavedra: $75,000
College students: US$75,000
Agronomy: US$72,500
Villa Devoto: US$72,000
Chacarita: US$71,000
Versailles: $71,000
Villa Crespo: US$70,000
North Quarter: $69,950
Centennial Park: $69,500
Horse: $69,000
Villa Pueyrredón: US$69,000
Mount Castro: $68,500
Chas Park: $68,000
Barracks: $67,000
Withdrawal: $67,000
San Telmo: US$65,000
Villa Ortuzar: US$65,000
Royal Villa: $65,000
Villa Santa Rita: US$64,950
Villa del Parque: US$64,750
Almagro: $63,000
Flowers: $63,000
The Parental: $63,000
Villa General Miter: US$63,000
Boedo: US$62,500
Velez Sarsfield: $60,000
Montserrat: $59,950
Supply: US$58,000
Microcenter: US$58,000
Linemen: $58,000
Congress: $55,000
Slaughterhouses: $55,000
Saint Nicholas: $55,000
Courts: $55,000
Forest: $54,950
San Cristobal: $54,000
Balvanera: $52,000
Avellaneda Park: US$52,000
Patricios Park: $48,500
Eleven: $47,000
Villa Lugano: US$42,000
Villa Soldati: US$76,301
Constitution: $41,500
La Boca: $40,250
www.buysellba.com
Neighborhood by neighborhood: How much does it cost to buy a studio apartment in Buenos Aires and why are smaller apartments more expensive?
Surprising prices and stability in changing times: why studios set the standard?
August 16, 2023
Within the constantly evolving real estate market of the City of Buenos Aires, an intriguing trend emerges: mono-environments.
In the dynamic and ever-changing real estate market of the City of Buenos Aires, an interesting trend is taking shape . Despite the constant demand for two- and three-bedroom apartments, it is the studios that stand out , both for their increase in value and for their ability to remain strong in times of fluctuation.
Median listing value for a used studio in July was $64,950.Bresson Realty
In the last month, the numbers speak for themselves. According to the Real Estate Report, which used a database of 26,381 used apartments offered for sale in the city of Buenos Aires with between one and four rooms, the average prices per square meter of studio apartments increased significantly by 2.41% . These outperformed their three and four room counterparts, which experienced more modest increases of 0.18% and 0.68%, respectively. In addition, the two environments experienced a unique reduction in their average price per square meter, decreasing by 1.9% . This trend defies traditional logic, where larger spaces tend to be more valued.
Another key fact is that smaller units are worth more per square meter . An average studio is priced at around US$1,997/m², a number that decreases as more rooms are added . Apartments with two, three and four rooms, for example, are valued on average at US$1,792/m², US$1,695/m² and US$1,627/m², respectively.
The price ranking per square meter per neighborhood is headed by Palermo.
A look at the past year adds additional perspective. Between July 2023 and the same month of the previous year, the average values in all categories experienced a decline. However, it is interesting to note that studio apartments led this decrease with a 4.72% decrease, considered moderate compared to other types of units. In contrast, one-bedroom units and four-room units registered more significant drops of 6.57% and 6.06%, respectively. Three-room apartments also saw a reduction of 5.91% compared to the previous year.
What is the price of a studio apartment in CABA?
In the city of Buenos Aires, the median offer value of a used studio apartment in July was US$64,950.
The ranking of prices per square meter by neighborhood is headed by Palermo (US$2,820/m²),Recoleta (US$2,746/m²) and Núñez (US$2,698/m²). While the cheapest neighborhoods in the city are La Boca (US$1,356/m²), Constitución (US$1,363/m²) and Villa Lugano (US$1,400/m²).
Palermo: $93,450
Belgrano: $88,000
Nuñez: $87,500
Recoleta: $82,995
Villa Urquiza: US$79,900
Coghlan: $79,000
Saavedra: $75,000
College students: US$75,000
Agronomy: US$72,500
Villa Devoto: US$72,000
Chacarita: US$71,000
Versailles: $71,000
Villa Crespo: US$70,000
North Quarter: $69,950
Centennial Park: $69,500
Horse: $69,000
Villa Pueyrredón: US$69,000
Mount Castro: $68,500
Chas Park: $68,000
Barracks: $67,000
Withdrawal: $67,000
San Telmo: US$65,000
Villa Ortuzar: US$65,000
Royal Villa: $65,000
Villa Santa Rita: US$64,950
Villa del Parque: US$64,750
Almagro: $63,000
Flowers: $63,000
The Parental: $63,000
Villa General Miter: US$63,000
Boedo: US$62,500
Velez Sarsfield: $60,000
Montserrat: $59,950
Supply: US$58,000
Microcenter: US$58,000
Linemen: $58,000
Congress: $55,000
Slaughterhouses: $55,000
Saint Nicholas: $55,000
Courts: $55,000
Forest: $54,950
San Cristobal: $54,000
Balvanera: $52,000
Avellaneda Park: US$52,000
Patricios Park: $48,500
Eleven: $47,000
Villa Lugano: US$42,000
Villa Soldati: US$76,301
Constitution: $41,500
La Boca: $40,250
www.buysellba.com
