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Property prices continue to rise: how much does a square meter cost today and what is expected for 2025 - Infobae
Source:
www.infobae.com
October 25, 2024
A private analysis showed that in September the values rose 12.5% compared to the same month last year. In negotiations between sellers and buyers, the closing prices of the transactions are usually between 4% and 6% lower than the published price.
ByJose Luis Cieri
(Illustrative Image Infobae)
A private analysis showed that the price per square meter for September compared to the same month last year experienced a rise of 12.6% for the set of purchase and sale transactions of used apartments with 1 to 3 rooms in the city of Buenos Aires.
In any case, compared to January 2020, the month in which the series of the so-called Real M2 Index, prepared by the University of the Center for Macroeconomic Studies of Argentina (UCEMA), Re/Max Argentina and Reporte Inmobiliario, began, the current value is still 14.26% lower in nominal terms.
This index, which is published monthly, provides a reference for the average effective price in the City, allowing comparison with published values. In this context, it was observed that the effective sales price is usually between 4% and 6% lower than the published price.
Hernán Perrone , a broker at Re/Max Parque, observed a sustained growth in the price per square meter in CABA during 2024. “Values increased by 6% on average, driven by growing demand and expectations of economic improvement in Argentina. This increase, although moderate, reflects an upward trend that could be consolidated if factors such as the exchange rate, inflation and those who take out mortgage loans or buy units through money laundering stabilize.”
The real estate market reversed the trend and purchase and sale prices stopped falling.
"Since last March, the price per square meter has consistently exceeded the USD 1,800 barrier, breaking a 20-month streak below that threshold," said José Rozados , from Reporte Inmobiliario.
Although there is no definitive floor, it is believed that prices have reached their lowest point. From 2025 onwards, a slow but steady increase is expected, with the possibility of reaching levels similar to those of 2016, when UVA credits were launched.
Source: Real M2 Index, prepared by the University of the Center for Macroeconomic Studies of Argentina (UCEMA), Re/Max Argentina and Reporte Inmobiliario
Perrone pointed out that this difference is more of a cultural issue: “In my opinion, the difference between the published price and the actual sale price is something common in our country. We Argentines are used to negotiating. Many times a price is published knowing that there will be a counteroffer. The current gap is low compared to what was happening after the pandemic, especially in properties that are sold within 60 days.”
This type of property is more accessible to investors due to the lower entry fee and its versatility in the rental market, both for traditional and temporary rentals.
Studio apartments are the ones that have appreciated the most in value for sale in CABA recently
One-bedroom apartments are often chosen by students, singles and tourists, which generates greater demand compared to larger units, which require a greater investment and have a more limited audience.
Perrone concluded: “The trend is no longer downwards, but we are seeing a slow but sustained growth in prices. Although they have not yet reached historical levels and there is still a long way to go. However, I do not expect rapid growth, as there is still a lot of property supply and it will take time for prices to fully adjust.”
www.buysellba.com
Source:
Los precios de las propiedades siguen en alza: cuánto cuesta hoy el metro cuadrado y qué se espera para 2025
Un análisis privado reflejó que en septiembre los valores subieron 12,5% respecto del mismo mes del año pasado. En las negociaciones entre vendedores y compradores, los precios de cierre de las operaciones suelen ser entre un 4% y un 6% menores que el precio publicado
www.infobae.com
October 25, 2024
A private analysis showed that in September the values rose 12.5% compared to the same month last year. In negotiations between sellers and buyers, the closing prices of the transactions are usually between 4% and 6% lower than the published price.
ByJose Luis Cieri
(Illustrative Image Infobae)
A private analysis showed that the price per square meter for September compared to the same month last year experienced a rise of 12.6% for the set of purchase and sale transactions of used apartments with 1 to 3 rooms in the city of Buenos Aires.
In any case, compared to January 2020, the month in which the series of the so-called Real M2 Index, prepared by the University of the Center for Macroeconomic Studies of Argentina (UCEMA), Re/Max Argentina and Reporte Inmobiliario, began, the current value is still 14.26% lower in nominal terms.
This index, which is published monthly, provides a reference for the average effective price in the City, allowing comparison with published values. In this context, it was observed that the effective sales price is usually between 4% and 6% lower than the published price.
Hernán Perrone , a broker at Re/Max Parque, observed a sustained growth in the price per square meter in CABA during 2024. “Values increased by 6% on average, driven by growing demand and expectations of economic improvement in Argentina. This increase, although moderate, reflects an upward trend that could be consolidated if factors such as the exchange rate, inflation and those who take out mortgage loans or buy units through money laundering stabilize.”
The real estate market reversed the trend and purchase and sale prices stopped falling.
"Since last March, the price per square meter has consistently exceeded the USD 1,800 barrier, breaking a 20-month streak below that threshold," said José Rozados , from Reporte Inmobiliario.
Although there is no definitive floor, it is believed that prices have reached their lowest point. From 2025 onwards, a slow but steady increase is expected, with the possibility of reaching levels similar to those of 2016, when UVA credits were launched.
Source: Real M2 Index, prepared by the University of the Center for Macroeconomic Studies of Argentina (UCEMA), Re/Max Argentina and Reporte Inmobiliario
Perrone pointed out that this difference is more of a cultural issue: “In my opinion, the difference between the published price and the actual sale price is something common in our country. We Argentines are used to negotiating. Many times a price is published knowing that there will be a counteroffer. The current gap is low compared to what was happening after the pandemic, especially in properties that are sold within 60 days.”
Which ones rose the most
In September, the average value per m2 for studio apartments was USD 1,956 per m2, exceeding that of one- and two-bedroom apartments.This type of property is more accessible to investors due to the lower entry fee and its versatility in the rental market, both for traditional and temporary rentals.
Studio apartments are the ones that have appreciated the most in value for sale in CABA recently
One-bedroom apartments are often chosen by students, singles and tourists, which generates greater demand compared to larger units, which require a greater investment and have a more limited audience.
Perrone concluded: “The trend is no longer downwards, but we are seeing a slow but sustained growth in prices. Although they have not yet reached historical levels and there is still a long way to go. However, I do not expect rapid growth, as there is still a lot of property supply and it will take time for prices to fully adjust.”
www.buysellba.com
