BuySellBA
Administrator
Real Estate: Green shoots?
November 29, 2023
There have been two consecutive quarters of increases in apartment supply values in CABA. Furthermore, the year-on-year comparison is also positive. Quarterly data for 36 neighborhoods since 2005 in dollar bills.
The values in dollars at which used 2 and 3 room apartments are published showed an increase of 1.3% during the last quarter in the City of Buenos Aires; This being the second consecutive quarter in which values have improved.
In relation to November of last year, the average price per m2 increased by 2.4% year-on-year, not only the improvements quarter by quarter but in this case an improvement is verified in the 12-month comparison.
The average square meter value of used apartments of standard quality without amenities based on the survey that Reporte Inmobiliario has carried out quarterly since 2005 was located in November of this year at 1,556 U$S/m2.
In nominal terms, without impacting m2 prices due to dollar inflation, the values are similar to those at the beginning of 2011.
This increase occurs after 17 consecutive quarterly periods of falls, the turning point was already seen at the beginning of this year.
In this case the survey refers to supply values, although when we measure closing values the same element is being displayed, with several quarters in which a moderate price recovery is verified driven by the low level of current values. which drive investor demand for dollar bills.
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