BuySellBA
Administrator
The neighborhoods in which it is advisable to rent an apartment temporarily because it leaves more profit - La Nacion Propiedades
Source:
Los barrios en los que conviene alquilar un departamento en forma temporal porque deja más ganancia
Elegir la zona donde comprar un departamento es uno de los dilemas de los inversores que invierten en ladrillos: un informe da todas las respuestas
www.lanacion.com.ar
March 15, 2024
Choosing the area where to buy an apartment is one of the dilemmas of investors who invest in bricks: a report gives all the answers
Temporary rentals continue to provide better income than a traditional contract
In a real estate market in which temporary rentals have recently gained prominence due to the decision of owners to migrate to this business driven by the low rents left by traditional contracts (below 5% annually in dollars), it is key analyze which neighborhood is best to invest in to rent a property temporarily, taking into account the value of the square meter.
Puerto Madero is the neighborhood with the highest price of temporary rentals in CABA
“ Temporary rental is a business , because it can be rented in dollars, something that the repealed rental law did not allow for traditional rentals. It also has greater flexibility, since if you want to sell it or need it for a family member, you have the possibility of using it more easily and equipped,” analyzes Soledad Balayan, owner of Maure Inmobiliaria and adds the importance of taking into account, within of profitability, the initial investment to fully equip it and the replacement of what breaks with use.
To answer that question, Zonaprop carried out a survey in which it detailed that although Puerto Madero is the neighborhood with the highest daily values of temporary rentals, it is also the one that defends the value of the most expensive square meter in the city: US$5,697 , which is why someone who buys a two-room apartment of, for example, 40 square meters should spend US$227,000 on the property, which could be rented between US$120 and US$135 per day.
The key fact is that in neighborhoods where buying a square meter is cheaper, profitability levels are considerably higher than in neighborhoods where a square meter is more expensive. In fact, this can be observed in San Telmo , since the value of a temporary rental of a two-room apartment ranges from US$70 to US$80 per day , while the sale price of a property is US$2051/m² on average, 64% less than in Puerto Madero.
Temporary rentals are usually one-room or two-room apartments, mostly furnished and well-equipped.
Another of the neighborhoods with the highest price in terms of rents is Belgrano , with up to US$75 per day , and in turn, it is the third most expensive in terms of sales value with US$2,756/m² on average.
While in Palermo and Recoleta , an apartment with similar characteristics is published at up to US$70 dollars per day. The big difference is in the sales values, since in the first the square meter is located at US$3019 (the second most expensive, behind Puerto Madero) and in Recoleta the price drops to US$2525/m².
Almagro has values with average prices, that is, the temporary rental of a two-room apartment ranges from US$30 to US$40 per day . In this case, the cost per square meter of a property in the area is US$2015 on average.
As for the cheapest options , Parque Chas has apartments with prices ranging from US$330 per month , that is, around US$11 per day , and with a sales price of US$2,165/m² . While a two-bedroom in Villa Santa Rita costs US$370 per month , around US$12 per day , and with a sales value of US$1,809 on average per square meter.
The neighborhoods with the greatest supply and demand for temporary rentals
The Real Estate Monitor, created by Daniel Bryn, surveyed the number of temporary rentals in each of the city's neighborhoods. The study takes Airdna as a source , a site where AirBNB information is published . 70 % of the temporary offer is concentrated in these six neighborhoods: Palermo tops the list with 7,402 posts; Recoleta follows (3147); then Saint Nicholas (1401); Belgrano (1125); Retiro (1044) and Monserrat (913).
70% of the temporary rental supply is concentrated in six neighborhoods
“The main reason why these neighborhoods are chosen is the location : they are looking for quick access to transportation and the possibility of easily reaching entertainment, cultural, gastronomic or social places,” said Daniel Bryn.
The price of each rental varies depending on the quality of the building and the features it offers, such as having a good internet signal, a place that is pleasantly equipped and with good light. The AirBNB rating also has a lot of influence, since if the service is good and generates a good score, it ranks better, which allows it to charge higher prices and gain trust among searching users.
The reasons for choosing areas are very varied depending on each neighborhood; If you're a younger person, you'll probably aim for Palermo , because you know you'll find nightlife there ; If you are an older person, you will probably choose something closer to Recoleta and the gastronomic offer and shops that are offered there,” said Jimena Gómez, property manager (administrator of temporary rental properties). Always referring to short terms of a few days or two weeks.
For her part, Soledad Balayan assures that in the case of temporary rentals with a longer period of time, up to three months, the reasons for the search are more linked to other reasons, such as “being close to a university for those who come to study.” postgraduate or undergraduate degree, or the proximity to a hospital or medical institution, when it comes to traveling for some health treatment.”
www.buysellba.com
