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Real Estate News Real M2 Index August 2023 - Reporte Inmobiliario

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Real M2 Index August 2023 - Reporte Inmobiliario

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Source:



September 14, 2023

Third consecutive month of recovery for the closing values of apartments located in CABA. On the other hand, the year-on-year drop is now practically zero (-0.52%).


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Universidad del CEMA and RE/MAX Argentina, together with Reporte Inmobiliario, prepare and communicate monthly the closing price index with information on the specific values at which operations are agreed in the real estate market.
The preparation and monthly publication of this index representative of the average price of the effective square meter in the City of Buenos Aires, allows in addition to having a reference of the average real value and its evolution over time, to establish the range of difference in relation to the price. average of the published square meter.
The Real M2 Index corresponding to the month of August 2023 has been showing a slight increase since May of this year, with 3 now being the number of months in which the generalized values do not fall and show a slight recovery. Currently the generalized value is US$1,749/m2, having risen 1.90% compared to the previous month. The accumulated drop since the beginning of mediation is currently 19.91%

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The price per m2 in August was only 0.52% lower than that registered in the same month of 2022.

When proceeding to open the price by number of rooms, in the sales of studio apartments a price per m2 of 1,834 dollars was recorded, while the closing value of the 2 and 3 room units was 1,817 U$S/m2 and of 1,744 U$S/m2 respectively. Studio was stable, one-bedrooms showed the greatest increase of the typologies and two-bedrooms showed their average price in the last month.

The gap between the value per m2 of the operations completed in August 2023, in relation to the last published value of the property, commonly known as the counteroffer range, was -6.49.



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