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The real estate market is reactivated: the area of Buenos Aires where properties had a record increase in prices - La Nacion Propiedades
Source:
www.lanacion.com.ar
July 30, 2024
Properties surpassed the US$2,200/m2 barrier, a value that had not been reached since 2022
Vicente López is the municipality with the most expensive square meter, followed by San Isidro and Tigre
In a market that is slowly recovering, the sale listing prices are also showing positive signs . This was reflected in the data from the latest Zonaprop report, in which the price per square meter of properties located in the northern zone continued to rise and in June marked a record monthly increase so far in 2024 .
In the sixth month of the year, the sale value per square meter in this area was US$2,211 (on average) and in the first half of 2024 it accumulated an increase of 2.1% . In fact, the average price was 38% above the sale price in GBA west and south , where the average value per square meter was US$1,598 .
However, this indicator is still below the average price of the Autonomous City of Buenos Aires , since in this district a property costs on average US$2269/m², almost 3% more than in the northern zone .
The Vicente López area, one of the most sought afterPATRICIO PIDAL/AFV
The revealing fact is that the northern area of the Province of Buenos Aires had marked a value of US$2,194/m² in May 2024. That is, it had the highest monthly variation so far this year (0.8% in June) , since July 2018 when it had not recorded more than 0.8% . In fact, it surpassed the barrier of US$2,200/m² , a number that had not been exceeded since October 2022 .
An interesting fact revealed by the report is that La Lucila and Vicente López have a higher value per square meter than the properties in Palermo: their average prices of US$3279/m² and US$3505/m² , respectively, exceed the top area of Capital, which is located at US$3172/m² .
When analyzing the income generated by a rented property, the report details that the annual return in the northern zone was 3.85% in June 2024, still above the values of a year ago when it was 3.61% (June 2023).
These data imply that the investment in buying a property is recovered after almost 26 years - 6% less than a year ago - while in CABA it is recovered in an average of 22 years .
www.buysellba.com
Source:
Se reactiva el mercado inmobiliario: la zona de Buenos Aires en la que las propiedades tuvieron un aumento de precios récord
Las propiedades superaron la barrera de los US$2200/m2, un valor que no se alcanzaba desde 2022
www.lanacion.com.ar
July 30, 2024
Properties surpassed the US$2,200/m2 barrier, a value that had not been reached since 2022
Vicente López is the municipality with the most expensive square meter, followed by San Isidro and Tigre
In a market that is slowly recovering, the sale listing prices are also showing positive signs . This was reflected in the data from the latest Zonaprop report, in which the price per square meter of properties located in the northern zone continued to rise and in June marked a record monthly increase so far in 2024 .
In the sixth month of the year, the sale value per square meter in this area was US$2,211 (on average) and in the first half of 2024 it accumulated an increase of 2.1% . In fact, the average price was 38% above the sale price in GBA west and south , where the average value per square meter was US$1,598 .
However, this indicator is still below the average price of the Autonomous City of Buenos Aires , since in this district a property costs on average US$2269/m², almost 3% more than in the northern zone .
The Vicente López area, one of the most sought afterPATRICIO PIDAL/AFV
The revealing fact is that the northern area of the Province of Buenos Aires had marked a value of US$2,194/m² in May 2024. That is, it had the highest monthly variation so far this year (0.8% in June) , since July 2018 when it had not recorded more than 0.8% . In fact, it surpassed the barrier of US$2,200/m² , a number that had not been exceeded since October 2022 .
The three neighborhoods with the highest square meter in the northern zone
- La Lucila : has an average value of US$3279/m²
- Vicente López : registers US$3,205/ m²
- Olivos : presents with an estimate of US$2925/ m²
An interesting fact revealed by the report is that La Lucila and Vicente López have a higher value per square meter than the properties in Palermo: their average prices of US$3279/m² and US$3505/m² , respectively, exceed the top area of Capital, which is located at US$3172/m² .
When analyzing the income generated by a rented property, the report details that the annual return in the northern zone was 3.85% in June 2024, still above the values of a year ago when it was 3.61% (June 2023).
These data imply that the investment in buying a property is recovered after almost 26 years - 6% less than a year ago - while in CABA it is recovered in an average of 22 years .
www.buysellba.com
