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Real Estate News Rentals in gated communities: Prices dropped up to 30% in dollars but few operations are completed - Infobae

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Rentals in gated communities: Prices dropped up to 30% in dollars but few operations are completed - Infobae


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January 29, 2024

There was an increase in consultations, but agreements did not materialize. What are the costs of temporary rental in Nordelta, western area of Greater Buenos Aires and Canning

By José Luis Cieri


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Rental prices for February dropped in Nordelta and demand reacts at the end of the month

A few days into February, house rentals in private neighborhoods reflect a 35% decrease in demand compared to the same period last year. Despite the reduction of up to 30% in dollar prices, they still remain above the values that the market is willing to validate.

Similar to what happened on the Atlantic Coast, where the improvement in occupancy occurred only in recent days, in the urbanizations, despite numerous consultations, there is a delay in decision-making by the interested parties. It is a different panorama than what happened in 2021 and 2022 (and even in February 2023), when the pandemic accelerated the pace of operations and supply was quickly exhausted.

The explanation from several real estate market experts refers to the economic context. Gustavo Iglesias , from Iglesias Negocios Inmobiliarios, told Infobae that the performance in the segment “registered a weak movement, in line with the records of influx of people in destinations such as Punta del Este and Pinamar. This low demand influenced the decrease in property values or even the withdrawal of some from the market.”


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Temporary rentals in both houses and apartments are made in furnished and equipped units.

The offer focuses mainly on houses with a pool and barbecue, as well as apartments that offer additional amenities. Preference falls on properties in good condition, fully equipped, that provide peace of mind and security to tenants.

4-room houses, especially in places like Nordelta, which gained greater acceptance in February, have a price range of around USD 3,000 per month. 3 and 4 room apartments are approximately 20% below that figure.

“Temporary rental options in the suburban area are presented in furnished properties, with contracts that can be extended for at least one month or as agreed between the parties,” Iglesias added.

In another corner of Tigre, closer to the Pacheco, Benavídez and Bancalari corridors, the situation is similar.


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El Encuentro neighborhood, in Benavídez

For Cristian Mieres, from Mieres Propiedades, in contrast to previous years “a notable decrease in real estate market activity was confirmed for February, as well as in contracts signed during December and January. “An unusually common trend in inquiries this year was the search for fortnightly rentals, something that has not happened so often in the past.”

In the Tigre area, which includes areas such as Tigre, Nordelta, Villanueva and Bancalari, 4-room houses have rates that vary between USD 2,000 and USD 5,000 per fortnight.


As on the Atlantic Coast, the economic situation influenced the signing of temporary rental contracts for shorter periods, also in urbanizations

Apartment prices start at USD 1,000, depending on the location and amenities of the building. “It is the priority for the majority of interested parties, who adjust their preferences to their economic possibilities. Demand is focused on well-maintained houses, with swimming pools, bright and with attractive gardens, with a preference for those with water views. Most contracts are temporary, between 15 days and 3 months, and the properties are always required to be furnished,” Mieres said.


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House in Villanueva, another development located in the Tigre district

In addition to the rental price, tenants assume additional expenses such as expenses, utilities, gardening services and pool cleaning if necessary, as well as real estate fees. Meanwhile, the owners cover provincial and municipal taxes.

By Pilar

In this northern party of the GBA, experts argue that the repeal of the Rental Law generated a notable increase in the supply of traditional rental properties, with contracts in dollars that have revitalized the market and led to greater activity.

In relation to rental values, “a 4-room house with a pool has a monthly cost starting at USD 1,200, highlighting options in neighborhoods such as Los Arces. For four-room houses without a pool and with a garden, the offer starts at USD 1,000 for February,” explained Daniela Pérez de Graffe , from the Coria Group. In the case of apartments, prices vary depending on the number of rooms and location, starting from USD 550 for two rooms and reaching up to USD 800 for three-room units on the ground floor.


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La Cañada Village in Pilar. Two and three room apartments are in demand for February, the important thing is that they have a pool

Maybe houses predominate in the searches. The preference leans towards having a green space for outdoor activities, and the availability of a covered gallery or suitable area to enjoy and have barbecues is especially valued.

Pérez de Graffe stressed: “In temporary rentals, the location and neighborhood amenities are fundamental priorities. The location, especially in places like La Cañada on the Pilar branch collector of the Panamericana, continues to be a key factor in closing agreements.”

Western horizon

The movement of temporary rentals for February in the country area and closed neighborhoods in Ituzaingó, Moreno and General Rodríguez, shows an increase in inquiries compared to January.

“Due to the inquiries, requests for information and data received, we estimate to close several contracts before Wednesday,” said Julieta Gitel , from Matías Szpira Bienes Raíces.

The rental values for the first half of February in 4-room houses in gated communities such as La Cesarina, El Nacional or Buenos Aires Golf range between USD 2,000 and USD 5,000 respectively, depending largely on the type of country in which it is located. the rent.


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Terravista, in General Rodríguez's party

In the most exclusive neighborhoods, prices can exceed USD 7,000 for February.

Gitel pointed out that “the demand prefers houses that offer large social sectors, such as barbecue areas and galleries, with swimming pools. It leans towards properties with 4 rooms or more. When looking to rent, the main priority is the value in relation to the amenities offered, and aspects such as expenses, gardener, pool, cable, internet and, on some occasions, additional services are included in the monthly value of the temporary rental.

Canning and Ezeiza

The rental movement for February continues to be active in Canning, the area that belongs to the districts of Ezeiza and Esteban Echeverría, especially in villas and country houses, where alternatives offer experiences similar to spa spaces.


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Horizons to the South, also with its own beach in the southern area of Greater Buenos Aires

“Properties with beaches, docks, promenades, viewpoints and trails with green areas to enjoy long walks are preferred. Although some properties still remain unrented, a rebound is expected in the coming days,” said Gastón Mazzei , from Mazzei Propiedades.

Regarding the rental values for the first and second fortnight of 4-room houses and three-room apartments, they vary between USD 1,200 and amounts greater than USD 3,500, depending on the type of property and the amenities of the neighborhoods.

The most sought-after homes are houses for around 4 people, both in private neighborhoods in the southern area and in country houses in the Ezeiza area.


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Canning Lakes, where water is also the protagonist

Mazzei remarked: “During these days, interest in country houses has grown, especially for short or weekend getaways, where large green spaces with swimming pools are prioritized to face the high temperatures at a more affordable price than vacationing on the Coast. Ezeiza, in particular, stands out as a popular choice, offering a natural environment and large outdoor spaces, with options such as the El Trébol neighborhood, which has accessibility, security, and nearby services.”

When searching for rentals in the southern area, priority is given to countries such as Horizontes al Sur, Barrio Santa Rita or Lagos de Canning, which offer various housing options with swimming pools or lagoons for practicing water sports.


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